SamuelRSmith on 24 April 2012
richardhutnik said:
If you have the power of the state to levy taxes, and get money, even if you won't lend again, someone else is likely to do such. |
And, without me buying, the demand falls, and yields increase. The only reason as to why yields are as low as they are is because of the central banks are buying up such a large chunk of the bonds - and printing money to do so. There's also the Chinese, so that they can fix the yuan... but they're not gonna be doing that forever.
