[fdr]

That's a lot of financial devices painted with a broad brush, and I think the charge that so may central banks are knuckled under with fiscal dominance is simply not sustainable. The ones that are, we tend to hear about.

Because there's a lot one could write about each of: equities, real estate, gold, silver, platinum (which have very different industrial exposures), and bitcoin, which have many price drivers.

So let's try something more parsimonious: what do you make of people, institutions, etc that bid on short and even long-dated sovereign debt around the globe, and come up the collective discovered price of, say...3.5%, annualized, for maturity in a month? https://www.treasurydirect.gov/auctions/announcements-data-r...