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主题:【原创】新年政治经济展望之五:国债陷阱(一) -- 井底望天

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家园 anyway, China will hold to

maturity and renew those loans. Therefore, what really matters is YIELD TO MATURITY ON DATE OF purchase, not current market value.

That's the difference between stock and bond, hehe.

Forget about face value, focus on real physical benefits from control over natural resources. Dr. Jing's advices are all helpful, but will fall on deaf ears.

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