Oh dear Liz
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“I’m 2 minutes into the podcast and I have to say I can’t believe you are giving Liz Truss a get out of jail free card. LDI portfolios have, rightly or wrongly, existed for over 10 years and the Bank of England’s plans to sell gilts would have had little or no impact had it not been for a seriously fiscally irresponsible mini budget. Look at the US, look at other central banks when they engage in QT: many countries have pension funds that run LDI strategies and QT does not have a material impact on government bond markets.
It’s a simple fact that the government and a chancellor disregarded the checks and balances of the OBR and financial markets lost belief in the government’s ability to prudently manage the countries finances. Financial market liquidity is all about trust and perception and the Truss government lost that trust very quickly by ignoring the investors who its government relies onto to finance its debt. It’s their naivety (and some would say, arrogance) about financial markets that caused the Gilt sell off, nothing more.
I don’t dispute that the BoE allowed LDI funds to become way too levered and way too reliant on short term funding, but Truss & Kwazi can only blame themselves for the mess that was created.”
ADLDI45 via Apple Podcasts ·
Great Britain ·
05/02/24
More reviews of The Rest Is Money
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“It’s actually quite hard to talk about business and economics without putting the audience to sleep, but I think these two are pretty down to earth and don’t talk in complicated technical terms all the time, making it understandable and relatable for the casual listener. Early days yet but I...”Read full review »
Chazz34 via Apple Podcasts ·
Great Britain ·
09/03/23
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“I was very much looking forward to this as there is a significant gap in the market for an economics podcast but was disappointed. None of the stories were covered in any more than Daily Mail depth. I learned nothing I didn’t already know, apart from the % pension funds now invest in UK stock...”Read full review »
Magsielayton via Apple Podcasts ·
Great Britain ·
09/04/23
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“Really interesting, but your romp through the singers and bands of the 1970s doesn’t include a single female artist”
70sguuurrll via Apple Podcasts ·
Great Britain ·
10/29/23
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