This is a recording of a recent Twitter Spaces conversation about broken credit markets, runaway inflation, and why we need to fix the current financial system.
Listen to the episode here:
Dylan LeClair: Over the last 40 years, it seems like the bubble, as this duration component unravels and as the long-dated risk-free rate goes much, much higher or has gone much higher, that the 60/40 portfolio pensions with that kind of LDI (responsibility-driven investment), where they used the long-dated bonds as collateral, it seems like that might be the breaking point.
