What is going on today? - Megathread

I think most companies will get on this band wagon now

everyone demands a pay rise, inflation rockets to 25%
everyone demands more pay rise … :face_with_peeking_eye:
the never ending cycle to bankruptcy

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Yeah seems that’s like 9 or so companies so far that have or are about to strike

That chart has the power to mislead.

If something goes down 50% then it needs to go up 100% to recover.

So in every single one of those years, shown in the chart, the market did not recover the losses made in the first half.

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https://music.amazon.com/podcasts/d7cb45b1-aa29-43f1-9b23-c7e1b6ddaf85/many-happy-returns

Something tells me they ain’t gonna be producing 3 million bpd of oil.

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Looks like Boris might finally be heading to the hangman’s noose. Chancellor Rishi Sunak & Health sec Sajid Javid have both quit saying they cannot serve in his government.

To lose one cabinet minister is careless to lose two is …

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Markets don’t like uncertainty but maybe this is the end of uncertainty & distractions.

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Rishi is no great loss!

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It’s what these resignations mean rather than the qualities of the person in the job.

Big people to watch would now be Gove & Zahawi

This is the end. My only friend, the end!

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There is a dearth of talent in all of our political parties if you ask me I don’t know what it says about us as a country.

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Whatever next!

Yes but Angela etc if they get iin power they want to tax more on stocks and shares mehhhh mehhhh wendy mehhh

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It’s maybe a counter intuitive thing to say here but that seems like a good thing to me. I feel like if we want to create a stable society that allows for future growth then we need to increase tax in capital. Otherwise we’re just kicking problems further down the road again, and they’ll come back to bite hard in the future!

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Unfortunately:

I am seeing quite some uncertainty.

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Looks like the buy button is due for a workout tomorrow

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