"Lehman’s last week is a textbook example of a liquidity crisis driven by self-fulfillingnexpectations" https://t.co/KiG2xqc84F
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from