Molson Hart

"Under the following conditions", bonds would not be at 20%. You need to try to think before making statements in finance. Study some finance.

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

Let us stop. I don't play games with counterfactuals and "ifs". Your reasoning means every bond trading at discount & every stock trading lower should be treated as a profit for the issuer. Stop now.

Nope, that’s not my reasoning. Read the rest of what I wrote and just agree because I am obviously correct.

Your thread is simple baby talk. I don’t know why you think people don’t get it. You’re ‘conditions’ do not exist. Taleb is taking about reality and you want to talk about another dimension. “In my conditions the magic spell would mean...”

Another way to see it, Luke is that the bonds at 20% are giving a probability of default. Someone who does not need further cash has ~0 probability of default over same period. I muted the fellow who seems entitled to ignore finance 101

“The first method for estimating the intelligence of a ruler is to look at the men he has around him.” -Machiavelli You surround yourself with sycophants.

Why don’t you “just agree because I’m obviously correct” Are we appealing to weak authority too? “I always think it’s a sign of victory when they move on to ad hominem” - Christopher Hitchens