Who is hiding all the T-Bills?
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ahhrunforthehills
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Who is hiding all the T-Bills?
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Last edited by ahhrunforthehills on Thu Nov 19, 2020 8:01 pm, edited 1 time in total.
Re: Who is hiding all the T-Bills?
It's funny how the demand for money (aka, hard cash) and the demand for loanable funds (loaned cash at interest) can be so much different.
I think that's the trait of a balance sheet recession... in the 70's and early 80's, people had the balance sheets and wages to side-step inflation by bargaining for higher wages and taking on debt.
Not any more. People want cash, even if it earns them 1%, but people DON'T want to borrow to get it, even if it's at 3-5%.
I think that's the trait of a balance sheet recession... in the 70's and early 80's, people had the balance sheets and wages to side-step inflation by bargaining for higher wages and taking on debt.
Not any more. People want cash, even if it earns them 1%, but people DON'T want to borrow to get it, even if it's at 3-5%.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine