Devastating column by @MESandbu on German ECB-bashing.
Raising rates is not best way to purge zombies.
Treating 2%… https://t.co/XgYSh1VfvR
Mutual funds own 1/6 of US corporate bonds. They perform maturity transformation by offering daily redemption despite holding assets that are quite illiquid, particularly in
Limits on dealer balance sheet capacity were a key factor in March 2020 turmoil. JP Morgan likes to say that this is result of post-GFC