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That's not an answer. Japan and the EU can't handle those flows so again there is no other place to go.
by tick_tock_tick 9mo ago
That's not an answer. Japan and the EU can't handle those flows so again there is no other place to go.
- johnnyanmac 9mo agoEven if it's hopeless, the best strategy when everything is falling is to bet evenly. Whether or not those countries can "handle it" doesn't matter. You're not betting in winning, you're betting on minimalizing losses. Huge difference in behavior.
- XorNot 9mo agoYeah people talk about this as though US treasuries didn't have a negative yield for a considerable amount of time. People were literally paying the US government to hold their money because it was better then the alternatives: the options can all be bad, but some can be worse.