Financial regulators warn about nearly everything. That is the job.
Most of those warnings sound alike after a while, which is why the useful signal is rarely the warning itself.
It is the ranking.
Twice a year, ahead of the G20 finance ministers and central bank governors' meetings, the Financial Stability Board sends a letter laying out what is most likely to break next in the global financial system.
Those letters tend to open with the same cast of characters. Sovereign debt markets. Private credit. ***** et valuations that have run ahead of themselves. Borrowed money sitting somewhere ***** ody has checked recently.
#twice #stability
Most of those warnings sound alike after a while, which is why the useful signal is rarely the warning itself.
It is the ranking.
Twice a year, ahead of the G20 finance ministers and central bank governors' meetings, the Financial Stability Board sends a letter laying out what is most likely to break next in the global financial system.
Those letters tend to open with the same cast of characters. Sovereign debt markets. Private credit. ***** et valuations that have run ahead of themselves. Borrowed money sitting somewhere ***** ody has checked recently.
#twice #stability
4 hours ago
