Is that true of whole world? So FI bond slice of the pie is basically the value of all land on earth, modulo rounding errors?
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
so these are just bonds backed by... nothing? QE money?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
.
@vgr If we assume valuations were appropriate at the beginning of this series (before manipulation and bubbles kicked in) -
.
@vgr and we compound the growth at about 3.5% which is the global GDP growth over the time framepic.twitter.com/zScMV6skbS
- 3 more replies
New conversation -
-
-
just bank financing.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Which is why QE produces little inflation if any, despite massively increasing the money supply.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.