4 ms·
Despite nearing historic highs, and despite US poltical antics, people keep buying US Treasury Bonds, which is an indicator of faith. But you're right because:
by TheSpiceIsLife 9y ago
Despite nearing historic highs, and despite US poltical antics, people keep buying US Treasury Bonds, which is an indicator of faith.
But you're right because: people have faith right up until they don't.
- fineline 9y agoWarren Mosler mentions within this short book how he made a lot of money realising that Italian bonds could never default: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Now they're on the Euro things may well be different. Never give away sovereignty over your currency.