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_marlowe_

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Dollars Ex Machina

doomberg.substack.com
1 points·by _marlowe_·4 года назад·0 comments

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_marlowe_
·3 года назад·discuss
Can someone explain to me in minimally technical terms how scientists can determine the molecular composition of an exoplanet's atmosphere? It boggles my simple mind.
_marlowe_
·4 года назад·discuss
Fantastic stuff!
_marlowe_
·4 года назад·discuss
2-10 spread went through the pre-GFC record of -28 bps a day or two ago.
_marlowe_
·5 лет назад·discuss
You can thank the Fed. Pensions and their consultants publish an assumed rate of return, which is increasingly difficult to obtain in a sustained low interest rate environment. They have been increasing exposure to private markets to compensate for low returns in fixed income("yield seeking"). There is additional pressure since public and private pensions are typically underfunded, and overly aggressive return assumptions give cover to the states and companies that don't fund them to the extent they should.