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Bank of England throws in the towel, rather than triggering interest rates, buys long dated gilts, prints money to mess with the short end of the bond market. Stocks and bonds all go bid, alongside the oil price. Total backfire. Central Bank lesson of how 'yield control' with inflation is dangerous.

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All major U.S. indexes are now in bear territory, oil rises on supply chain and capacity issues. The market is finally pricing in global stagflation. The U.K. crisis could turn into a contagion if U.K assets are dumped en masse, while the English government tries to spend to offset stagflation. 30 YR gilt is through the roof.

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