[Bruce_the_vii]

Here's a paragraph on how a German Bank misplaced $77 billion.

http://www.economist.com/node/21536662

The paragraph is the last of a series, at the bottom of the web page, and under "every penny counts". As the money is in a bank taken over by the government it's added to the national debt, inflating it 2%.

The news just keeps on getting more bizarre.

[Bruce_the_vii]

In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.

[Proculation]

Bruce_the_vii wrote:

In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.

What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.

[Brenda]

It's ALL virtual and speculation. Isn't it scary, that speculation rules the world?

[Macguyver]

Just to clarify they FOUND $77B.

[Bruce_the_vii]

Proculation wrote:

Bruce_the_vii wrote:

In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.

What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.

Hey, who's money is it. Is it Arabs, Banks and the Chinese.

[Bruce_the_vii]

Macguyver wrote:

Just to clarify they FOUND $77B.

Happily.

[Proculation]

Bruce_the_vii wrote:

Proculation wrote:

Bruce_the_vii wrote:

In the meanwhile, er, who is the "bond market". I've read a lot of articles on economics, that's my background, but I still don't know who the bond market is. Who has all that money. The bond market is controlling the world but I don't know who exactly it is.

What do you mean by 'who' ? The 'bond market' is simply the transactions of bonds.

Hey, who's money is it. Is it Arabs, Banks and the Chinese.

People too. In Canada, most bonds are owned by Canadians via funds and banks.

[Bruce_the_vii]

I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.

[sandorski]

Stonecutters Guild. I'd say more, but don't want a granite tuxedo.

[commanderkai]

Bruce_the_vii wrote:

I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.

Why? Anybody can take part in the Bond market. It's a long, long term investment if you can partake with a decent amount of cash. No doubt wealthy nations and individuals will dominate the market...because they have plenty of assets to use to invest.

[Proculation]

Bruce_the_vii wrote:

I'd like to see some numbers, like how much of the bond market is the very rich is the USA. Or how much is China, Japan and the Arabs.

I have to agree that the USA is another thing. I think about half their bonds are held outside the country.

[Bruce_E_T]

I think that is about right. They are also held by a wide variety of buyers the biggest of which are China and japan.