September exceeded even its own reputation as a terrible month for markets, with equities and bonds both down heavily, as well as commodities, and almost the only thing going up (apart from volatility) was the US$.

The recent panic in the LDI market has received a lot of coverage, some of it breathless and designed to promote a short narrative, but much of it calm and authoritative – and generally pointing out the broader issues...

UK households face the triple threat to their finances of higher energy prices, higher interest rates and higher taxes. Meanwhile, the new UK government trying to deal with this face a different triple threat of the markets, their political opponents (in all parties) and the entire globalist Media, academic, political and Mandarin class.