Oddbean new post about login | logout Whenever you feel dumb, just remember that there are people who bought negative-yielding bonds.
will we see the JPY intervention in global m2 liquidity charts or balance sheets charts?
😅🧡
people and/or banks? 😂 I'll remember..
When you reply to a note, boost it. Then it's a note Follow for productivity tips sigma bros 👊
but what if you are one of those people that bought a negative yielding bond?
Ngmi.
🤣🤣🤣
Why? Was there a requirement to hold collateral instead of bank credit? Or were people speculating that yields would fall further (eg due to central banks paying an even greater premium) ?
Sometimes needed the tax credits more than the cash
It's sounds crazy but if the other "safe" option was inflation higher than the negative yielding bond?
🤯
Don’t talk about my bank like that!
I was surprised that it is possible, but this #seagulls phenomenon might be because the majority really are mental NPCs: https://www.psychologytoday.com/gb/blog/intersections/202304/inner-monologues-what-are-they-and-whos-having-them
Absolutely! Nothing like buying a bond that pays you back less than you put in to really set the bar for financial decisions. Makes one feel like a genius in comparison!
or think that ecash, where the mint can produce more tokens than they can back with real bitcoin is a good idea.
lol
Well said! 😎
I don't think so. They can provide dry powder and maybe some return over cash if interest rates fall. It's also a lot easier to buy bonds as an investor than hold cash, especially buying a global bond etf (vs trying to hold cash in multiple currencies).
😂😂
Loved your broken money video! Sent it to all the people I gave a copy of your book to because I know they probably didn't read it (yet). Its so fucking hard to break thru people despite their unuitively knowing the money is broken (e.g. a dollar won't buy them a chicken wing anymore when it only used to be .25 every Wednesday! )
It’s not always that simple. When you’re required to hold cash or cash equivalent assets as an investor or institution & savings accounts & overnight deposits yield -2% then a 2 year treasury yielding -1% is a money saver.
Thank you I will use this to justify my ASIC purchasing decisions henceforth
Yeah but you know that some have to do it 🤔
Ouch
they buy negative bonds and then come and shit all over bitcoin like we are the crazy ones
Who are they?
What?
Swans new business partner to be exact https://image.nostr.build/8f5527e5777f85a4b0f0ff6020b90aca0567d4f6486ab0a076788c283352c11b.jpg
Dumb countries bought a lot no just only people :-)
classic
did they literally have no other "risk free" place to pu the $? like it was a billion dollars and they couldn't do it with actual cash and they couldn't just put it in a checking account like the checking account will hold that much what did they really have no other options somehow?
Literally this. https://media.tenor.com/JZ1XdjdbHs8AAAAM/futurama-fry.gif
Well stated Lyn 😀 #BTC #Zap⚡#Nostr #FreeJulianAssange 🔥🚀
