@GhostOnTheHalfShell @economics-that-works
Won’t anyone think of the poor billionaires and their money? Also, don’t hedge fund managers get paid huge sums to foresee the obvious?
"“Hedge funds have trillions tied up in this kind of strategy,” he said. “As things spiral, they’re being forced to sell anything they can — even good assets — just to stay afloat . . . if the Federal Reserve doesn’t step in soon, this could turn into a full-blown crisis. It’s that serious.“