Birdwatch Note Rating
2024-08-16 10:33:29 UTC - NOT_HELPFUL
Rated by Participant: 96C886F46491224E6D77E5F7B35D6A5DDE4513FA15E093CF20FC1181094BE40F
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