Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
mk · 3303 days ago · link · · parent · post: Myles Udland: Goldman Sachs has a scary warning for the bond market
$55 trillion is just shy of a billion gazillion. Today Yellen said that more research was needed on unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. We talk about Keynesian economics, but there is this massive derivative ogre that is ready to gobble up or vomit back out far more than can fit at the table.