Rob Armstrong

This is what it's come to.

This is what I tell this to every time someone joins the FT.

They say, you know, what do I need to know?

And I tell them, there are no rules and no one is in charge.

And they think I'm joking.

And then they work here for a couple of months and they come back and they're like, oh, you weren't kidding.

Yeah, good heavens.

I am looking at a screen here that has all the European countries.

bond yields on them, the 10-year bond yields.

And nobody is close to the United Kingdom at 5.01% as of this morning.

Italy, 3.78%.

Italy, all respect to Italy, but fiscal responsibility is not their national motto.

And I just don't understand why the United Kingdom is so out of whack with the rest of the continent.

I said the continent.

And I think the islands that make up the United Kingdom as part of the European continent, the same way Long Island is part of the North American continent.

This is Unhedged, the geography podcast.

We are at 4.25.

Derek actually set that interest rate before he quit that job to join us here at The Unedged.

That was his last act.

Thankfully, I never had to work on monetary policy.