Re:The money I saved as a child would buy one picogram of go...
by JumpCrisscross on Sunday April 17, 2022 @04:59PM
(#31064460)
> all of Africa, large swathes of Asia, much of Europe including Germany and Russia, most of South America
Were any of these seen, contemporaneously, as low-risk?
The backfire sovereigns in the last 100 years were limited to Austria-Hungary and the Dutch, trading economies derailed by war. The others aren’t trading nations, or were well-established basket cases when they issued their debt.
Most of the world has seen bond owners get eaten almost completely really. Almost all of Africa, large swathes of Asia, much of Europe including Germany and Russia, most of South America...