Systemic risk: Difference between revisions

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(Created page with "{{a|devil|}}{{quote|Safe assets are much riskier than risky ones. This is I think the deep lesson of the 2008 financial crisis, and crypto loves re-learning the lessons of tra...")
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{{a|devil|}}{{quote|Safe assets are much riskier than risky ones. This is I think the deep lesson of the 2008 financial crisis, and crypto loves re-learning the lessons of traditional finance. Systemic risks live in safe assets.  
{{a|devil|}}{{quote|[[Safe asset]]s are much riskier than risky ones. This is I think the deep lesson of the [[global financial crisis|2008 financial crisis]], and [[crypto]] loves re-learning the lessons of traditional finance. Systemic risks live in safe assets.  
:— Matt Levine, 2022}}
:— Matt Levine, 2022}}

Revision as of 06:21, 14 May 2022


In which the curmudgeonly old sod puts the world to rights.
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Safe assets are much riskier than risky ones. This is I think the deep lesson of the 2008 financial crisis, and crypto loves re-learning the lessons of traditional finance. Systemic risks live in safe assets.

— Matt Levine, 2022