We tend to talk about the “plumbing” of the financial system. But this BRILLIANT illustration by @satillus about the US Treasury market, has me wondering whether that is really the right metaphor. Is it more electromechanical, like a Turing “bomb"?
economist.com/finance-and-ec… https://t.co/MAdkja7FFn
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