Comment by immibis
1 year ago
It seems like it would be a good idea to move the global financial system off the shaky ground before it opens up into a bottomless sinkhole, but what do I know about global finances?
1 year ago
It seems like it would be a good idea to move the global financial system off the shaky ground before it opens up into a bottomless sinkhole, but what do I know about global finances?
Where do you put all the money? If there was a deep and liquid euro market, or if China removed capital controls then maybe.
The question doesn't make sense. Money can't be "put" in places - it always circulates.
OK, so I have $1 trillion in Treasuries, and I sell them. What do I do with the cash? Presumably I'd like other government debt. The trouble is that I need to put this into another market, so what do I choose? The total euro government bond market is 8 trillion euros, so I'm probably gonna move that market in a way that's not good for me. That's the point I'm trying to (badly, apparently) make.
Am I missing something here?
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