At the "meeting", #RiadPonzi exhibited a lack of financial proficiency.
He said "We issued CDs at 6%, they are now at 20%, so we have profits."
Imagine a CEO saying: we issued bonds/stocks, their value collapsed, we make yuuge profits if we bought them back 50% lower!
I do get it and now you’re making me mad. I keep telling you that under the following conditions it is mathematically profitable and you keep ignoring my statement cite different conditions. Markets are volatile and misappraise as you know better than I.
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"Under the following conditions", bonds would not be at 20%. You need to try to think before making statements in finance. Study some finance.
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Out of respect for you and your work I will try to explain one last time. Also, I would appreciate it if you didn’t go ad hominem on me while knowing NOTHInG about what I have studied or who I am. 1. Country A needs money so they decide to sell $100 10y bonds at $97
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