Bank of England
3 statements across 2 episodes · 1 bullish · 2 bearish · 2 people on the record · first statement Jul 10, 2023 by James Aitken · said 6 times in 3 episodes since 2022 · across every show →
Mentions by year
brought up most by James Aitken (3), Scott Bessent (2), Steve Drobny (1)
tap a year for its mentions
2024 2 mentions in 1 episode
2023 3 mentions in 1 episode
Everything said about Bank of England, oldest first
Jul 10, 2023 positive
Aitken: UK private wealth is piling into gilts for tax exemption
“UK private banks and high net worth individuals are falling over themselves to buy gilts.
Yeah, quite shocking, right?
Very simple reason.
Gilts are the munis of sovereign debt.
We all know about the tax attractiveness of muni bonds in the US, but gilts, there…”
Nov 4, 2024 bearish
Bessent: Why defending the British pound in 1992 was politically impossible
“My contribution was just an observation that the British housing market, that mortgages there, floated with the base rate, which is their overnight rate. And if the Bank of England raised rates on Wednesday, mortgages went up on Friday. If they were trying to …”
Nov 4, 2024 bearish
Bessent: 1992 pound short risked only 2.5% against massive asymmetric upside
“Because of the exchange rate mechanism, the Bank of England or the British government had to buy an unlimited number of pounds to keep the pound in a quarter. So it was an asymmetric bet. We could push them up against the wall And the most they could push us b…”