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There are three charts on the linked website - bonds, dollars and stocks. None of them are exactly measures of wealth. My question is about how their properties
by whatshisface 4y ago
There are three charts on the linked website - bonds, dollars and stocks. None of them are exactly measures of wealth. My question is about how their properties as mutual numeraires could allow them to all fall at the same time.
- someguydave 4y agoPeople are willing to pay fewer dollars for each asset class.
- whatshisface 4y agoPeople can't be willing to pay fewer dollars for the third asset class, which is dollars.
- chordalkeyboard 4y agotautologically the price of one dollar will always be one dollar but they can be less willing to spend those dollars on anything, and simultaneously less willing to sell assets they already own for dollars.
- someguydave 4y agoyou absolutely can pay fewer dollars for dollars delivered at some point in the future