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> no one here even understands how QE worked You clearly don't. If you buy a 10 year bond for $750 and wait for 1 month, now you have a 9year,11months bond, w
by fwdpropaganda 9y ago
> no one here even understands how QE worked
You clearly don't.
If you buy a 10 year bond for $750 and wait for 1 month, now you have a 9year,11months bond, which will have a price slightly below $750, and that's what the fed will give you for it. YOU made up that they will pay $900, but they won't.
- freejulian 9y agoYou’re assuming there’s a coupon. I explicitly said these were zero coupon. In this case the price at 9 year 11 month is higher than 750$, dumbass. The entire point of QE is to increase the bond price, thereby reducing the yield. You don’t have a clue.
- fwdpropaganda 9y agoBut.... you're the one who's complaining that you missed out of assets booming due to QE. So surely if anyone doesn't have a clue it's you, right? I did quite well over the past decade.
- freejulian 9y agoOh look, the guy who doesn’t understand how bonds work is still here! Let’s all listen to his uninformed opinion! I’ve been buying bitcoin since 2014 since I did understand what the fed was doing. I did pretty alright.
- fwdpropaganda 9y agoNow: > (...) I did understand what the fed was doing. Earlier (https://news.ycombinator.com/item?id=16604736 https://news.ycombinator.com/item?id=16604736) > (...) had I realized what the fed was doing when QE was happening I would have definitely done that. You wanted to pretend you're a victim from the evil FED while at the same time pretending you're smart enough to understand what's going on. You're full of shit. Don't waste my time.