Klein on Threats to the Global Financial System
Moody's Talks - Inside Economics
00:00
Is There a Central Bank Digital Currency?
In the UK, pension funds had devised a derivative strategy to match their long dated liabilities with their assets. But when guilt yields moved up five standard deviations, the arithmetic blew apart. And these guys were going to fail because it was the value of these derivatives collapse. Aaron Carroll: Some sanity has to come into magical thinking. Sometimes our consequences to engaging too far in that situation are dire.
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