If that was the end result, it would be a good thing. The problem is that if the pension funds melt down again the political outcome will be a bailout and, ultimately, more debt.
So long as the financial markets traffic in derivative side bets every attempt to raise rates triggers a meltdown.
If that was the end result, it would be a good thing. The problem is that if the pension funds melt down again the political outcome will be a bailout and, ultimately, more debt.
So long as the financial markets traffic in derivative side bets every attempt to raise rates triggers a meltdown.
If that was the end result, it would be a good thing. The problem is that if the pension funds melt down again the political outcome will be a bailout and, ultimately, more debt.
So long as the financial markets traffic in derivative side bets every attempt to raise rates triggers a meltdown.