Thread

1. jandrewrogers · 1789751616 · focus · HN ↗

   I think the more interesting story is the long-term decline in the quality of virtually all sovereign debt. Many things are anchored to the assumption that high-quality sovereign debt is widely available.

   1. iamnothere · 1789754412 · focus · HN ↗

      This is a great point, it’s not like there’s a good alternative. The idea of “safe” money might be over for a time. It could explain why so many central banks have been moving to acquire bullion.

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