Of course, that is a bit of an idealistic take, one where hedge funds finally are forced to pay for their stupidity. Alas, in a country as corrupt as this one, that’s unlikely to ever happen.
Tyler Durden
January 28, 2021
JPMorgan Has Some Bad News For Hedge Funds Hoping The Nightmare Ends Soon
[I have nothing to add.—Joe]
Karl Denninger over at the Market Ticker.org, has some insights into the matter. He also wrote a excellent book called, Leverage, how cheap money will destroy the world.
Check him out. As he expounds on a lot more than just economics.