Asgaard

I wrote this description/warning of what is happening in the West. Please watch it and share it with others. @idicenter

Bloomberg: "A new anxiety is gripping Wall Street as it bankrolls the vast network of data centers and chips behind the artificial intelligence boom: Early signs suggest that the credit market is approaching the limits of how much more debt it can absorb. One after another, yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors." #economy #markets #debt #ai #ArtificialIntelligence #bonds

I had a great conversation with the UK Prime Minister @AndyBurnham, and we are grateful to Britain for its unwavering, strong, and truly leading support. Today, Britain made a strong decision to provide an additional £10 billion in financial support – £7 billion in economic support over the next three years, and another £3 billion in British export support, primarily for the supply of much-needed weapons that will strengthen our protection of lives. This is on top of the annual support Britain already provides to Ukraine. A truly strong and very timely step – coming right as Russia needs to see and feel that Ukraine will not be left alone to deal with the problems Russia is so eager to escalate. Every step to strengthen Ukraine brings Russia closer to realizing that it must end this war of its own making. Of course, Andy and I also discussed sanctions policy, and Britain will remain principled on this – setting an example that matters globally. I am grateful to Britain, to Prime Minister Andy Burnham and his team, and to every person around the world who understands that standing with Ukraine is the right thing to do – that it means being on the right side of history. 🇺🇦🇬🇧

When Margaret Thatcher left Number 10 in November 1990, the UK's debt : GDP ratio was roughly 22%-26% (depending on the specific calculation). That was down significantly from around 42% to 43.6%, when she first took office in 1979. Today, UK debt : GDP stands at roughly 95%.

Here are five key takeaways from today's Budget. Get more insights and analysis from the FT here: ft.trib.al/F9YCykt

John Healey signals that the new higher defence spending target of 3% of GDP by 2030 will in part be funded by reprioritising government spending. But it is also going to involve a lot of private finance. The Chancellor sets out four initiatives ahead of the 2027 spending review when - very belatedly - the full costings for this increase in spending will be revealed: - The launch of a "Defence Investment Task Force" to explore private sector financing options as well as teaming up with international allies - The start of treaty negotiations with Finland, Poland and the Netherlands on the "Multilateral Defence Mechanism" which aims to facilitate joint defence equipment procurements, enabling the partner nations to benefit from economies of scale - A push to get more private investment into defence "including public private partnerships" - A new focus on defence for the National Wealth Fund and British Business Bank - involving up to £5bn in investment over the next four years

🚨 NEW: The new OBR growth forecasts for the UK 2026: 1.2% 2027: 1% 2028: 1.6% 2029: 1.8% 2030: 1.7% 2031: 1.6% #Budget