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timelets ([personal profile] timelets) wrote2019-02-22 02:32 pm
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What assets are going to tank in the upcoming deleveraging? Who owns them?
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Easy

[personal profile] malobukov 2019-02-22 10:50 pm (UTC)(link)
Stocks. Pension funds.
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Re: Easy

[personal profile] timelets 2019-02-22 11:00 pm (UTC)(link)
I'm not sure about that. In general, the stock market is much more efficient and a lot less leveraged than the debt market.
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