2min chapter

Many Happy Returns cover image

What Will Cause The Next Market Crash?

Many Happy Returns

CHAPTER

The Fed's Stability Reports on the Banking Crisis

Hedge funds are usually the contagion route, kind of like toddlers at nursery. The biggest hedge funds have more leverage than they're comfortable with. This isn't going to be a repeat of 2008, because then it was about bad quality assets. This time, it's about good quality assets such as treasuries which lost value due to increasing interest rates.

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