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I'm talking about the hypothetical scenario where swapping $200bn worth of equity will generate $200bn worth of cash without disturbance to the market. Obvious
by csomar 5y ago
I'm talking about the hypothetical scenario where swapping $200bn worth of equity will generate $200bn worth of cash without disturbance to the market.
Obviously, this couldn't be less true and the market will collapse even before the selling starts.
- carnitine 5y agoHow is that analogous to 200bn of bonds for 200bn of bank reserves?