@bayon Money printing and buying bonds is what they have been doing for the last decade and now they think they can unwind that operation which entails not buying any more bonds and also selling the ones they have on their massive balance sheets. The $64k question is whether they will succeed doing that without creating a systemic crisis.
RE: Can the Bond Bubble be Unwound in an Orderly Fashion?
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Can the Bond Bubble be Unwound in an Orderly Fashion?
pls listen to the interview with Jim Rickards June 23rd, 2017
greetings from a #steemsilvergold member
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Right, I see. I'm relatively new to this strange world of finance, I came to it from cryptos. It's 'Alice in Wonderland' stuff, a market where an issuer buys his own product from himself with money he made from nothing, it seems to violate the definition of the word 'market'.
Thank goodness I discovered people like Jim Grant, and yourself. The Economist and FT just confused me further.
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