Open-end mutual funds engage in liquidity transformation because promise one-day redemptions on assets, even when the invested assets have low or uncertain liquidity -> in March 2020 they became major drivers of the “dash for cash”. We need REGULATION!
federalreserve.gov/econres/notes/… https://t.co/asTbMYXP3i
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by
June 26, 2022
If underinvestment is one of the factors constricting supply of commodities/energy right now. The price collapse of 2014 is by far the most plausible explanation.