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Chapter 115: Interest Rates and Bonds (3)
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... ot, my heartbeat remained calm and steady.
A “bond market crisis,” a “bond massacre”... Honestly, compared to a real financial crisis, wasn’t this kind of mild?
‘Okay, erasing a trillion dollars is definitely a big deal though.’
A trillion dollars in the 1990s was a colossal amount of money.
For reference, the amount wiped out during Black Monday in 1987 was $500 billion.
And that trillion was just from the U.S. If you included the entire global bond marke ...
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