4 ms·
I think the more interesting story is the long-term decline in the quality of virtually all sovereign debt. Many things are anchored to the assumption that high
by jandrewrogers 8d ago
I think the more interesting story is the long-term decline in the quality of virtually all sovereign debt. Many things are anchored to the assumption that high-quality sovereign debt is widely available.
- spwa4 8d ago[dead]
- iamnothere 8d agoThis is a great point, it’s not like there’s a good alternative. The idea of “safe” money might be over for a time. It could explain why so many central banks have been moving to acquire bullion.