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@economics-that-works

“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.
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Nick Lawson, chief executive of investment group Ocean Wall

All the assumptions of investment are stood on their heads. ..

#economics #politics