/biz/ - Business & Finance

>>55094827
I saved so many images lol
on a /smg/ related note it looks like UK is having a repeat of its earlier bond crisis.

Basically the ridiculously low interest rates we've decided to indulge in post the 2008 financial crisis were amazing for the economy, but we basically completely fucked over the retirement program. We had really cheap debt to the point that it was almost free, but then kept our retirement program designed around buying that debt with bonds.

Now that the rates are spiking with inflation the bonds that people have been investing in the last 15 years for retirement are completely worthless.