Friday, June 25, 2010
Never
When will (US) bound auctions begin to fail?
"Unfortunately, 99% of the inflationistas have a very poor understanding of reserve accounting so their arguments have not only been wrong for a very long time, but they never really carried any weight to begin with (as one reader eloquently put it – “at some point being right has to count for something†– the inflationistas have been horribly wrong throughout this downturn). So what is really happening when the government auctions off bonds? Let’s take a look."
Posted by bellwether @ 02:27 PM (3220 views)
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