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Luis Garicano ๐ช๐บ๐บ๐ฆCould this mess turn into a financial crisis? If I was a betting man, my money would be on the unwind of the treasury basis trade by hedge funds, leading to large banks cutting credit lines to REITs and CRE exposure. My post today (link in reply) https://t.co/N5RY06NHUK
Corriere della SeraBanche dโaffari, fondi e consulenti: perchรฉ ora la finanza americana rischia di perdere il primato mondiale https://t.co/X7CiW0R7W4
Luis Garicano ๐ช๐บ๐บ๐ฆIn SiliconContinent today I review three key risks for a financial crisis: - Hugely leveraged US Treasury Basis trade: Kasyap et al. (2025) - Smaller Banks CRE: Jiang et al. (2024) - Larger banks' link with shadow banks/REITs: Acharya et al. (2024) https://t.co/k5jQ6rWJXM











