Tag: liquidity

Rising bond yields threaten share prices

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Ten-year US Treasury bond yields could double again from current levels, unsettling stock markets. The V-shaped economic recovery we’ve seen since the coronavirus panic of last March could push US […]

Stablecoin design is difficult and dangerous

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Too strict a reserve policy makes asset-backed money of limited use. But too lax a policy may be the first step on a slippery path to destruction. Since US President […]