Yesterday, I wrote about what I called the “idiocy of the masses” and showed how it can be rational for investors to buy more and more government bonds of a country despite the mountain of debt increasing ever more.
Beyond the tipping point in debt
Beyond the tipping point in debt
Beyond the tipping point in debt
Yesterday, I wrote about what I called the “idiocy of the masses” and showed how it can be rational for investors to buy more and more government bonds of a country despite the mountain of debt increasing ever more.