3rd/4th order crisis effects:
collapse of confidence -> mortgage lenders face losses -> hedge by shorting MBS
but… https://t.co/7dj3RrAo18
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
June 28, 2022
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