COMMENT: Hi Martin
I am a macro manager. I read your article on April 9th about Public/ private.
I agree it will happen but Commercial banks hold only a tiny part of the US Treasury as you will see from the graph attached. They will probably buy on the way up and China reserve growth is slowing making domestic buyers the prime target . There is scarcity of quality collateral with all new type of regulations (Dodd, Basel III etc..)
Thanks for your good work. Continue reading