Our purchase of Bollore was never about Bollore. Now that we have got you confused, let us describe Bollore. It is a two-hundred-year-old French conglomerate that is run by Vincent Bollore. Over the last thirty years he has created tremendous value for Bollore shareholders (the stock is up more than 20x since the mid-’90s).
...to the extent that the fall in yields wasn’t driven by the coronavirus, but by a re-evaluation of the FOMC’s future policy stance, this decline may be a bit more permanent.
"There is some concern about tonight’s presser by the WHO. The fear is that they might raise the alarm bells ... so people are taking money off the table."
In the end, all of the recent poor economic data out of the UK proved not to be enough for BOE outgoing governor Mark Carney to cut rates in his final meeting. That said, a rate is just a matter of when not if.
