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Preston Pysh @PrestonPysh · Sep 29, 2022
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What. A. Ponzi. A must read thread by @MacroAlf on how UK pensions work and why the BOE had to step into the market and backstop the sell-off in long-duration credit due to terrible assumptions made by “experts” that interest rates just always go down. Honk Honk Zing. 🤡

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