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NEW: UK Prime Minister Keir Starmer to declare that globalization has failed, plans to show that he understands President Trump’s tariff decision.
The announcement is set for Monday, according to The Times.
“Globalisation doesn’t work for a lot of working people. We don’t believe trade wars are the answer. This is a chance to show that there’s a different path,” Starmer said, according to the Times.
“Trump has done something that we don’t agree with, but there’s a reason why people are behind him on this. The world has changed, globalisation is over and we are now in a new era,” a Downing Street official said, according to the outlet.
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The announcement is set for Monday, according to The Times.
“Globalisation doesn’t work for a lot of working people. We don’t believe trade wars are the answer. This is a chance to show that there’s a different path,” Starmer said, according to the Times.
“Trump has done something that we don’t agree with, but there’s a reason why people are behind him on this. The world has changed, globalisation is over and we are now in a new era,” a Downing Street official said, according to the outlet.
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Credit risk is spiking
The CDX High Yield CDS index just hit 457 bps — the highest level since the 2023 Regional Bank Crisis
Markets are clearly pricing in serious credit stress. This isn’t just noise. A move like this usually signals that institutions are bracing for defaults, liquidity problems, or some macro economical shock.
When CDS spreads move this fast it whales are hedging risks. Something is braking, we just don’t know what — yet
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
The CDX High Yield CDS index just hit 457 bps — the highest level since the 2023 Regional Bank Crisis
Markets are clearly pricing in serious credit stress. This isn’t just noise. A move like this usually signals that institutions are bracing for defaults, liquidity problems, or some macro economical shock.
When CDS spreads move this fast it whales are hedging risks. Something is braking, we just don’t know what — yet
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
👀7😁2
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Asutin Metcalf's father doubles down on feeling bad for the kiIIer: "I feel sorry for individual who made a mistake"
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