GILTy as Sin
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The Bank of England currently is facing a dilemma where they have to pretty much choose between crushing their government bonds (GILTs) or UK pension plans. To make things worse, OPEC+ has made the condescending decision to reduce oil production by 2 million barrels per day; which will likely cause oil prices to shoot up. However, there might be a light at the end of the tunnel? Sorry for being optimistic...
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