The Diamond Collapse—and the Dangerous Myth of “Safe” Assets

The mainstream framing, “flight to safety,” “China is riskier so Treasuries yield more,” has it arse backwards. Safety in a bond market doesn’t mean “the government is more trustworthy.” It means “I can get my real purchasing power back at maturity.” On that measure, the US isn’t winning. It’s the […] The post The Diamond Collapse—and the Dangerous Myth of “Safe” Assets appeared first on Activist Post.

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Author: Editor