Rate accompli: Are rising interest rates bad for all assets?
Many Happy Returns
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Pension Craft Podcast - Many Happy Returns
Risk systems at pension funds and investment banks are based on historical precedent. And now this volatility is in the system it's been logged they will have to post more collateral just in normal times because we now know that volatility can be so high. Yeah I heard Toby Nangle sum it up nicely when he said you can't unburn toast. The thing was saying how can like the government row back on what they've done and fix everything quite nicely? But the thing is you can't it's in there now it's in the system.Yeah I think it's been pretty atrocious and we're going to pay the price for a long time.
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