hn • r/hackernews
Comment on: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
I have thought a lot about this. I am not sure that I have an answer because the way in which everyone (inc. myself) thinks about financial markets appears to be totally wrong (I am in the UK, we have had several rounds of QE since 2010...every time, the BoE gave a different explanation of how QE works).But it is easier to comprehend that, most obviously in the EU, there is a shortage of risk-free assets. It is less that there is too much money and more that there is a mismatch between assets required by investors to match liabilities and what there actually is. My guess is that over the next