3 ms·
'Cash' is an easy term for 'safe liquid investments' aka BH is buying US treasury bonds because rates are high. So basically the Fed goaded BH into financing t
by justrealist 3y ago
'Cash' is an easy term for 'safe liquid investments' aka BH is buying US treasury bonds because rates are high. So basically the Fed goaded BH into financing the federal deficit.
Efficient? Well, that's for you to decide.