Prof. Matteo Maggiori of Stanford University on investor beliefs, trading, and global capital flows
Scientific Sense ®
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How to Repay a Debt Expenditure
In a world where there is only one such camp, we can think about what happens when there are multipleof them. The us has this unique property to supply these assets and he wants to convince the world that they're very safe because he gets low interest rates. But exposed e might decide that it i physically too expensive. And people forget that these things tend to happen. It's not true that faced with this problem, the us will decide always to play it safe.
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