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The Dangerous Hedge Fund Basis Tradewww.jameslavish.com/p/the-dangerous-hedge-fund-basis-trade
441 sats \ 3 comments \ @Diego 1 Apr econ
The financial system is such a fugazi
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50 sats \ 0 replies \ @optimism 1 Apr
As hard as the article is to read, it was worth it because there's a really interesting thing further down:
The authors recommend that the Federal Reserve, in periods of extreme stress, be prepared to take over the hedge funds’ positions…the Fed could stand ready to purchase Treasury securities but it would also, as the hedge funds do, take offsetting short positions in derivatives.
pdf link of the Brookings paper quoted
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0 sats \ 0 replies \ @SwapMarket 1 Apr
Good read! Privatization of profits and nationalization of losses. As always...
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0 sats \ 0 replies \ @JesseJames 1 Apr
"the dangerous hedge fund" as if there is a safe one...lol. You are right, they are all fugazi....
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