And not simply for the whack to the GBP/Honduran lempira pair.
No, the BoE deciding to restart QE gives hope to every damn punk who has only known moneyprinting liquidity for their entire trading career, they see the Old Lady reverse course and think "Hey, the Fed will do that too!", so they sell the dollar, buy treasuries (blowing out the negative 10-year yield once more) and hammer copper for almost a dime in the wrong direction.
Every goddam time.
"Attaquons dans ses eaux la perfide Albion."
— Dictionnaire des usages socio-politiques (1770-1815): Tome 4, Désignants socio-politiques 2
— Dictionnaire des usages socio-politiques (1770-1815): Tome 4, Désignants socio-politiques 2
Futures $3.3815 up 0.0980.
At least I still have my proto-NFT CryptoKitties.
Trading volumes in NFTs down 97%https://t.co/1vnDTVmLuj pic.twitter.com/g3kqksJYqP
— Joe Weisenthal (@TheStalwart) September 28, 2022
Here's ZeroHedge with the gory details of the day's action:
and:
and:
'effin CryptoKitties, ethereums's killer app my ass.
