Systemic risk

From The Jolly Contrarian
Revision as of 06:21, 14 May 2022 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search


In which the curmudgeonly old sod puts the world to rights.
Index — Click ᐅ to expand:

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you.
Sign up for our newsletter.

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