(https://twitter.com/wbmosler/status/1275875544307990528)
Lisa Abramowicz@lisaabramowicz1
Austria has the right idea. Just sold 13 billion1 euros of 100-year debt with yields of less than 1% in its second-ever century bond offering. Huge demand from investors. How soon before 100-year bonds are the new 30-year…. via @theterminal
Warren B. Mosler #MMT@wbmosler
The real price is paid when Austria spends the 13b and real resources transferred from private to public domain. Also I wouldn’t be surprised if the bonds were sold at a discount to their theoretical value inclusive of convexity, and were thereby a gift to the financial sector.
Megas Alexandros@MegasAlexandr12
What are you talking about Warren??
Warren B. Mosler #MMT@wbmosler
eta 2beste erabiltzaileei erantzuten
Austria’s sale of 13b euro of 100 year bonds.
2020 eka. 24
Megas Alexandros@MegasAlexandr12
eta 2beste erabiltzaileei erantzuten
Almost perpetual
eta 3beste erabiltzaileei erantzuten
0,88% yield
Crazy
If you by gold and lease it sistematically you can get better return
Megas Alexandros@MegasAlexandr12
as a confiscation …. I told you a few days ago that the president of Consob in Italy was also talking about it @mittdolcino @frankponch72
Pepito Sbazzeguti @frankponch72
Right, titles without expiration. No return of capital. another rip-off .. to steal private savings, without imposing taxes on assets
1 Amerikar bilioi bat = mila milioi europar.
