China's Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; "Worthless" Certificates of Confiscation
MishTalk
JANUARY 7, 2016
May 22, 2008: 2008 Market Oracle : US Treasury Bonds Fast Becoming Certificates of Confiscation. The flattening of the yield curve will squeeze further the net margins of banks and ROA and ROI of insurers and non-bank financial firms, discouraging lending and risk taking. yield well below 2%, and perhaps below 1.5%
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