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Ben Hunt of Epsilon Theory on Turning Layups into Losses, UK Pension Problems, Building Community & Much More (EP.225)
Panic with Friends - Howard Lindzon
The Fed's Not Slowing Down
The Fed is creating these not solvency crises, but liquidity crises. It's another variation on the same thing that broke the world in 2008. The pensions here got over allocated to private. I don't know what percentage. And that's going to stay illiquid and the returns are going to compress. So where are the US pensions set from? Oh, can spread. But from what I've read so far, we're not supposed to be doing the same stuff as UK was allowed to do.
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