The Macro View – Health, Economics, and Politics and the Big Picture. What I Am Watching Here And Abroad.

October 27, 2022 Edition-----In the UK we have a political farce running with only a day or so to run when you read this, with a new PM (Rishi Sunak) in place..In the US the mid-term elections are coming in a week or so, thus some concern as to where the US is going!In China Xi has his third 5 year term so we all wonder how that will turn out!In OZ we have has a Budget with floods, inflation, data leaks, the threat of recession, Medicare concerns and other issues just rolling on! At least the Budget does not seem to have broken anything!Overall an ‘omnishambles’ as they say!-----Major Issues.-----https://www.afr.com/world/europe/pensions-drama-sparks-call-for-rethink-of-2-9trn-market-20221016-p5bq58Pensions drama sparks call for rethink of $2.9trn marketThe turmoil created by UK pension funds has prompted a call to look at their regulation.William Shaw and Greg RitchieOct 16, 2022 – 2.34pmPressure is growing for a sweeping rethink of Britain ’s pension fund regulation after the sector’s near-implosion wreaked havoc across financial markets and helped bring about a humiliating government retreat.Pensions werecaught on the hopby rapidly rising gilt rates after the government ’s mini-budget last month, forcing them into a wave of asset sales. The Bank of England stepped in to contain what it saw as “fire sale dynamics” – an emergency measure that is already prompting questions about why a huge but hitherto sleepy corner of the financial sector could spiral in t...
Source: Australian Health Information Technology - Category: Information Technology Authors: Source Type: blogs