"Why it is misleading to blame financial imbalances on a saving glut. New research calls for a careful distinction to be made between saving and financing flows”. Excellent explainer from @TheEconomist
economist.com/finance-and-ec… https://t.co/G68ySHy3Iu
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