Bank of England Deputy Governor Jon Cunliffe at the time that multiple LDI funds would have gone bust without the intervention, leading to a “self-reinforcing spiral” and “consequent widespread financial instability.”

Source: https://fortune.com/2023/04/05/imf-shadow-banks-hold-50-percent-global-assets-vulnerable-interest-rates-inflation/

Once this kind of heat starts, the process can become self-reinforcing.

Source: https://www.austinmonitor.com/stories/2023/08/a-climate-feedback-loop-why-austin-is-locked-in-one-of-its-hottest-summers-ever/

The mortgage marketplace is vulnerable to self-reinforcing deleveraging and interest-rate hedging-related selling.

Source: https://seekingalpha.com/article/4607818-weekly-commentary-melt-up-vs-deleveraging?source=feed_all_articles