China's 'weaponising' Treasuries, automatic stabilizers, and investing versus losing money at WeWork

Treasuries as a political weapon

If you don't have the right model of the economy and markets in your head, you can lose lots of money. Case in point is 'The Widowmaker Trade' in Japan where speculators misunderstood the limits of monetary freedom enjoyed by the Bank of Japan and the Japanese government. Not only did people lose their shirts on a bet aga…

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