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Allison Schrager: Hardly a Surprise: Pension Funds Stoked the UK Rout

An outsized portion of British government debt is owned by pensions, so when those money managers misjudged risk, the turmoil spread quickly. The UK's economic troubles appear to be a story of fiscal recklessness that's forced the nation's central bank to step in to stabilize crashing financial markets by buying up government bonds. Are we

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Posted: September 30, 2022 Friday 07:00 AM