Pay Attention to Our Privates
It's not really a shadow banking system, it's a banking system
This is going to be another (relatively) short note, combined with a section from my new paper inspired by last week’s note. This will be my first “academic” paper, and I’ll share it here as soon as it is finished (currently being reviewed by friends), but this section on “selective cointegration” is absolutely critical to understand what is going on. C…
Keep reading with a 7-day free trial
Subscribe to Yes, I give a fig... thoughts on markets from Michael Green to keep reading this post and get 7 days of free access to the full post archives.