As a member of the feline-american community, it seems to me that one of the differences between the impact of the dot-com implosion vs The Great Recession was the difference between an equity bubble and a debt bubble.
Thank you very much for this. It makes a lot of sense. Also, I did not know about the "proxy voting rule". I had assumed that ETF managers were just passive.
As a member of the feline-american community, it seems to me that one of the differences between the impact of the dot-com implosion vs The Great Recession was the difference between an equity bubble and a debt bubble.
Cue up Hyman Minsky vs Modigliani-Miller.
Thank you very much for this. It makes a lot of sense. Also, I did not know about the "proxy voting rule". I had assumed that ETF managers were just passive.