Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
“First-Mover Advantage” in a “Liquidity Mismatch”: How slow-poke investors in conservative-sounding mutual funds can get their faces ripped off.
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
And so far, so good.
Like a centrally directed disinformation campaign. Here’s what happened.
“Does that mean that we have bad markets?”
Collusion and “absolute monopoly practices.”
The repo blow-out — whoever instigated it — comes in real handy.
This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
WeWork was just late to the defenestration party.