There are interesting parallels w/ EMs & impact of pensions on asset prices. Why wouldn’t it be the same for DMs?
I would've thought it's a different situation because, typically, EMs have a much younger population and therefore the time horizons are totally different.
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By the way, are you Argentine?
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Lol, no. Gringo!
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For LatAm generally true but differences b/n how long public pensions have been around. MX liberalized over the last 10yrs but Chilean pensions have been around 50yrs.
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