Are you watching the UK implode? Wow!
American economist Larry Summers came up with a great phrase to describe the process:
“It makes me very sorry to say, but I think the U.K. is behaving a bit like an emerging market turning itself into a submerging market."
Anybody care to guess how long PM Truss and chancellor Kwasi Kwarteng will last? I cannot imagine any other situation than the economic elites in the U.K. being absolutely furious.