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2024-08-16 09:19:57 UTC - HELPFUL

Rated by Participant: 7B2E578D3580D97B00989B7756126B1258D63A9B6A213712A12ED9045CB2BA93
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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

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