"Why, then, has the economic damage of such a comparatively mild pandemic been so huge?” @martinwolf_ asks
Answer "because it could be.” We are rich "The response to the pandemic is a reflection of economic possibilities and social values today"
ft.com/content/7fb55f… https://t.co/eKezBl2K2W
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