@JMoore1123@MacroAlf Aren’t these plans close to in a much better funded position than public pensions? New demand for long duration should wane once these plans are immunized
@VolatilityQ Market going to wipe out all of the pajama COVID traders before it’s all said and done. We have a date w the Mar 20 lows in the not so distant future.
@KeithMcCullough They also continue to buy bonds by not ending the taper and guiding rate hikes later. That is straight flattening.
Should have walked back hikes but ended taper.
@EthicalSkeptic Thanks - sounds pretty compelling to me. Seems that the more companies get squeezed with the current logistical issues the more willing they’d be willing to explore this. Cost of doing biz w China rising by the day.