Also, at the end, he reports that the Bank of England has been forced to return to the gilts market and buy British gov’t bonds again; simultaneously raising interest rates and printing money, which is astonishing development.; Beyond bizarre.
(None of the big oil purchasing countries have agreed to the G7 Price Cap idea on Russian oil. ( WSJ) Not entirely certain of this yet. Alexander will look out for it.)
Extraordinary 24 hours; attack on Nord Stream pipeline have brought this crisis to levels we have never before seen. We’re coming very dangerously close to a Cuban Missile Crisis moment, except there is no JFK in the White House.