#gilts #sterling #dollar #interestrates #debt #currency #UK #bankofengland #markets #economics
Video chapters:
00:00 Introduction
00:56 My personal experience of a sterling crisis
02:30 Franz Pick predicts the 1931 sterling crisis
05:37 UK headlines pointing to trouble ahead
08:10 Gilt yields worryingly rising as sterling drops
13:00 Consequences of a UK sovereign debt crisis
14:30 It will eventually be a dollar crisis as well
15:42 Market update
18:50 Conclusion
Today we will look at why there are some ominous signs pointing to a high probability of not just a sterling crisis but a sovereign debt crisis for the UK.
Our conclusion is the UK is not alone and that the EU and even the dollar will quickly follow as sovereign debt dominos start toppling.
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