Good morning. Yesterday, we avoided writing about the UK’s fiscal/financial/economic car crash, pleading that we were simple provincials focused on the American colonies. Readers wrote to say this was a dumb excuse for avoiding the biggest story in markets. We fold. Email us: robert.armstrong@ft.com and ethan.wu@ft.com.
Also, Monday will bring another collaborative edition of Unhedged, this time on Japan. We’re excited.
The mess in the UK
Financial journalists know that something has probably gone badly wrong when they have to learn a new acronym. This week it was LDI.
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