The Giant Debt-for-Equity Swap
I wrote this article in December 2019. Much has changed but with bond yields heading lower on the back of more QE, it still seems surprisingly valid.
In the Long Run
Macroeconomics and the Markets
The Giant Debt-for-Equity Swap
I wrote this article in December 2019. Much has changed but with bond yields heading lower on the back of more QE, it still seems surprisingly valid.
