"...The average family has to spend 112% of their budget, so the government and the Bank Of England have royally fucked everyone up the arse!
...Those greedy fucks are so far removed from the real world. …Instead of figuring out how to help the people, the UK government has figured out how to help the banks make even more money! Well done, never let a good crisis go to waste." -Sasha Yanshin
Sasha Yanshin: The Bank of England has increased rates to 5% and we are now staring at the biggest cost of living crisis in decades.
The UK mortgage crisis is like nothing we have ever seen before because of a unique set of circumstances with 0% interest rates since 2009 and overlapping high inflation.
The situation is dire and the UK economy is in trouble but will Rishi Sunak, the UK Government, and the Bank of England actually do something?
The UK Has Run Out Of Money
Sasha Yanshin: UK households have withdrawn their savings at the fastest rate in history.
With the cost of living crisis, mortgage payments going up by 70% and food up 20% in the last year, this is not surprising.
Household budgets are squeezed and more people are raiding their savings and using credit cards to get by.
The Bank of England, Rishi Sunak and the UK Government are doing precisely nothing to solve the problem.
The US Economy Is Apparently Fucked
Sasha Yanshin: The US Economy is in deep trouble according to Wall Street analysts.
Inflation is sticky, employment is running too hot which means the Fed is definitely going to raise rates again at the next meeting.
Apparently everything is really bad, so you should prepare for the 2023 stock market crash that is 100% coming.
So why is it that the data says the exact opposite?
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