by Michael Covel
Daily Reckoning
The Bank of England (BoE) threw a “Hail Mary” bomb over the middle yesterday…
BoE governor Mark Carney announced an interest rate cut to 0.25%.
That’s the lowest rate in the central bank’s 322-year history. But he wasn’t done nailing retirees in the solar plexus…
Carney also announced a massive plan to buy government and corporate bonds.
Of course, the London stock market appreciated the BoE rigging…