Mark Twain once said that “History never repeats itself, but it does often rhyme.” This is certainly true of financial cycles. What all have in common is an attempt to use derivatives and leverage to make something risky appear safe. If you understand the above you are all set and can skip to the end […]
The post The UK LDI Gilts blow up rhymes with GFC 2008 and AFC 1998 first appeared on Daily Fintech.