Birdwatch Note Rating
2024-08-16 18:32:05 UTC - NOT_HELPFUL
Rated by Participant: 1389CCD31FF643D2AF0F95C7912824A1F3B721A48A4B7F4717EDAF1AF9C22058
Participant Details
Original Note:
The Truss budget did not crash the economy. First, there was a spike in interest rates but no crash. Second, the spike in interest rates was a result of the ldi crisis, largely due to Bank of England misregulation of pensions and raising interest rates prematurely https://www.seic.com/en-gb/institutional-investors/our-insights/ldi-crisis-stark-reminder-governance-diversification-and-risk-management
All Note Details