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by joeyrideout
2206 days ago
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Wall Street is simply acutely aware that the global economy is highly leveraged and switching off the entire economy is likely to end very badly if a de-leveraging were to take place. Thankfully that did not happen. EDIT: Of course, some hedge funds that were leveraged something like 100x on risk parity and correlation blew up almost instantly and caused a momentary liquidity crisis, but that was bound to happen :) |
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