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"The harder it is to duplicate and easier to verify, the more liquid it is." What? A 5-year bond is hard to duplicate and very easy to verify, but it's not liq
by jd007 14y ago
"The harder it is to duplicate and easier to verify, the more liquid it is."
What? A 5-year bond is hard to duplicate and very easy to verify, but it's not liquid at all. I'm not sure that this guy knows much about how currencies and assets work...
- polarix 14y agoIsn't it? Just because you can't cash it in with the issuer doesn't mean it can't be traded for currency.