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by jobtemp
698 days ago
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Yes and no. You get the market rate for your highly fungible regulated market instrument. Investors are not emotional they can sell that shit and buy anything else from Silver to TSMC shares in a heartbeat. What makes it shit? Being a penny more expensive than the quant's model. They can borrow from the FED real cheap using QE. But the only free lunch is the big bang! Printing money causes inflation especially in asset prices and causes bubbles. |
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