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Exactly. We're getting a tremendous ... benefit, of a sort, by being the least worst place to put your money.
by hga 11y ago
Exactly. We're getting a tremendous ... benefit, of a sort, by being the least worst place to put your money.
- 6stringmerc 11y agoI worked for a muni-focused Wall St. firm shortly after the crash of 2008, during some of the peak flight to quality years in recent memory. My sole comfort about the ridiculous risk and crash that happened in the US was that somehow the interconnected system brought down the whole world as well (ex: the German landesbanks and bundesbanks). I say comfort, but I mean it's hard to put a label on such a conception.