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In which the NYT discovers discounted bills of exchange. Which have existed since at least the early 14th C. in Northern Italy. Sinister when the Chinese use th
by Lecteur 7y ago
In which the NYT discovers discounted bills of exchange. Which have existed since at least the early 14th C. in Northern Italy. Sinister when the Chinese use them, though, of course.
- thedudeabides5 7y agoWait till they get a ahold of the alphabet soup of Chinese financial products: WMP DAMP TBR LGFV NCD Each with a quasi government guarantee!
- draw_down 7y agoAnd of course no American firms would ever circulate financial instruments that could lead to some kind of systemic issue.