The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang
Forward Guidance
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The Effect of Base Widening on Hedge Funds
A lot of people ate the loss and they couldn't come back. It wasn't just hedge funds in that trade, but a lot of people who did similar things like the mortgage rates also have the same problem. I remember others, well, this is one group of people who just kind of disappeared. Some of them didn't make it.
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