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The Armageddonists and the price of fame.
Armageddonists and the portfolio cost of fear, 2010-2019
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
For investors peering into 2020, it is likely that U.S. monetary policy will remain on hold for the time being.
EM should continue to provide a substantial economic growth alpha relative to developed markets due to better demographics and a productivity catch-up.
With little room for the unemployment rate to fall lower, many economists are growing increasingly concerned with the availability of labor supply and, the prospects for near-term economic growth.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.