"If there was no intervention today, gilt yields could have gone up to 7-8 per cent from 4.5 per cent this morning and in that situation around 90 per cent of UK pension funds would have run out of collateral... They would have been wiped out."
Wow, this above was what COULD have happened, and this thread was warning about something amiss in the financial markets while it was unfolding....just by watching.
As I said, watch the AUD & the DXY, not Dow futures!
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