Now the banks can't do arithmetic
Bruce_the_vii @ Sat Nov 12, 2011 7:10 am
Here's a paragraph on how a German Bank misplaced $77 billion.
http://www.economist.com/node/21536662
The paragraph is the last of a series, at the bottom of the web page, and under "every penny counts". As the money is in a bank taken over by the government it's added to the national debt, inflating it 2%.
The news just keeps on getting more bizarre.
Bruce_the_vii @ Sat Nov 12, 2011 8:05 am
In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.
Proculation @ Sat Nov 12, 2011 8:10 am
Bruce_the_vii Bruce_the_vii:
In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.
What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.
Brenda @ Sat Nov 12, 2011 8:11 am
It's ALL virtual and speculation. Isn't it scary, that speculation rules the world?
Macguyver @ Sat Nov 12, 2011 8:11 am
Just to clarify they FOUND $77B.
Bruce_the_vii @ Sat Nov 12, 2011 8:13 am
Proculation Proculation:
Bruce_the_vii Bruce_the_vii:
In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.
What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.
Hey, who's money is it. Is it Arabs, Banks and the Chinese.
Bruce_the_vii @ Sat Nov 12, 2011 8:14 am
Macguyver Macguyver:
Just to clarify they FOUND $77B.
Happily.
Proculation @ Sat Nov 12, 2011 8:20 am
Bruce_the_vii Bruce_the_vii:
Proculation Proculation:
Bruce_the_vii Bruce_the_vii:
In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.
What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.
Hey, who's money is it. Is it Arabs, Banks and the Chinese.
People too. In Canada, most bonds are owned by Canadians via funds and banks.
Bruce_the_vii @ Sat Nov 12, 2011 9:28 am
I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.
sandorski @ Sat Nov 12, 2011 10:07 am
Stonecutters Guild. I'd say more, but don't want a granite tuxedo. ![[door]](./images/smilies/aaa.gif "Scared Door")
commanderkai @ Sat Nov 12, 2011 12:57 pm
Bruce_the_vii Bruce_the_vii:
I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.
Why? Anybody can take part in the Bond market. It's a long, long term investment if you can partake with a decent amount of cash. No doubt wealthy nations and individuals will dominate the market...because they have plenty of assets to use to invest.
Proculation @ Sat Nov 12, 2011 1:35 pm
Bruce_the_vii Bruce_the_vii:
I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.
I have to agree that the USA is another thing. I think about half their bonds are held outside the country.
Bruce_E_T @ Sat Nov 12, 2011 11:55 pm
I think that is about right. They are also held by a wide variety of buyers the biggest of which are China and japan.