This week we saw both the Fed & the ECB calling for more fiscal action, US Treasury moving to “reallocate" Fed stimulus money amidst a disputed transition & standoff with Poland and Hungary in Europe. I did a piece on the imbroglio in @ForeignPolicy
foreignpolicy.com/2020/11/21/fed… https://t.co/PmBhyjfSro
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