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Markets uneasy over new Truss-Kwarteng era

Financial Times LogoFinancial Times1w ago

Markets uneasy over new Truss-Kwarteng era - Financial Times

Quick Summary:

But the boom in UK financial assets since the early 1980s has rested on disinflation, falling interest rates and easy money from its central bank.

Only gold bugs ended the 1970s with smiles on their faces as bullion surged from the Bretton Woods-determined level of $35 an ounce to more than $800 by early 1980, helped along the way by Nixon’s withdrawal of the dollar from the gold standard in 1971.

Back then, the national debt was less than 40 per cent of GDP, while interest rates peaked at 17 per cent in late 1979 and began to fall in the second half of the 1980s.

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Article Details

Author / Journalist: Russ Mould

Category: MarketsFinanceInvesting

Topics: Bond Investors Prices Financial Higher Yield Government Cent Markets 1970s Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 16:28:23

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 6 minutes read

Article Length: 965 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 497470

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About Financial Times

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Main Topics: MarketsFinanceInvesting

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Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 12h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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