Pundit

bond markets

Why are Bond Markets So Terrifying?

Why are Bond Markets So Terrifying?

The rule by British politicians Liz Truss and Kwasi Kwarteng was bound to be short. It was a Rogernomics strategy. The minority Bolsheviks seized power to implement a wonky neoliberal economic regime. But there was no agreement in a larger (which also meant more with ability) and more fractious Tory caucus than was evident in NZ Labour’s in the 1980s. The minuscule Tory party aside, there was no enthusiasm for the approach among the public. So no surprises that they did not last long; the surprise was that they were felled so early, not by politics but by financial markets.

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