For decades dollarization has generated structural demand for U.S. treasuries, depressing the interest rates the U.S. needs to offer to service its debt.
Ein schwarzer Tag für die Demokratie in Europa.
#Magdeburg #failState #Sachsen-Anhalt
Ein schwarzer Tag für die Demokratie in Europa.
#Magdeburg #failState #Sachsen-Anhalt
probably decent primer for "really bad tail risks in order of badness"
probably decent primer for "really bad tail risks in order of badness"