How Public Pensions Could Trigger The Next Financial CrisisMichelle Jones
Public pension funds continue to demonstrate their bottomless appetite for credit and related products. However, the repeated setting of new records for credit allocations isn't the most interesting thing about this trend. One analyst suggests all these new credit allocations could bring about the next financial crisis because they will be very difficult to unwind when people finally ask for their money back in a few years.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible