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A comment on NY Fed rescues overnight lending market with $53B. Parent comment
The thing about financial instruments is that they scale infinitely better than "real assets".
It's like seeing Amazon, Google etc. spend so much on cloud computing, and then asking if real computers are valued less than virtual ones.
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The thing about financial instruments is that they scale infinitely better than "real assets".
It's like seeing Amazon, Google etc. spend so much on cloud computing, and then asking if real computers are valued less than virtual ones.