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Sounds like a problem with (this type of) bonds in general as a financial instrument if their pricing is not contingent on actual market forces but rather the w
by lr4444lr 7y ago
Sounds like a problem with (this type of) bonds in general as a financial instrument if their pricing is not contingent on actual market forces but rather the word of an expert.
- anthonypasq 7y agothey are priced based on the market, but rated by an agency. bond pricing is easily understood math. People just trust the agencies when they rate bonds highly, even if they shouldnt be