Anogther reason to learn financial markets is to be able to spot a fraud. When news reports surfaced this week that two guys had billions of treasury bonds in a suitcase, I knew it was a fraud and a fake. How?
Having traded bonds in the 1980s I knew T bonds do not exist any more in physical form. There are so many the government made them electronic issue, not paper bonds. Yet many on right wings blogs and tv shows, Glenn Beck for example, wanted to know what was going on. There is no substitute for knowing what you are doing.....
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