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Allison Schrager: The Dearth-of-Safe-Assets Era Is Over


Why a glut of Treasuries and other "risk-free" investments could be an even bigger problem for the economy. The safe-asset shortage is over. Should we worry? A safe asset is any asset that you can sell at any time and be sure to get your money back. That often means short-term government treasuries or bank deposits. Hence, when demand

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Posted: July 26, 2021 Monday 06:30 AM