Time to start worrying:
Sunak on Sunday night sought to reassure British businesses, saying that “our overall financial system is sound and there’s nothing to worry about there"
Proper sound, a house of cards built on debt, leverage and fractional reserve lending
“Banks will also now be allowed to borrow essentially unlimited amounts from the Federal Reserve for the next year, as long as the loans are matched by safe government securities, a way to prevent financial firms from having to sell a class of investments that have been losing value because of the Fed’s own high interest rate policies.”
