Does this make any sense to you (from a historical perspective)?
This makes total sense -well put. I see what you mean completely - more searchers, means in general, more supply and so forth.
I apologise for continuing to drag you back into this thread (
), but I think overall, and of course now in retrospect, this conversation is a good read for anyone who wonders about how things work (why some things have value and some don't in the eyes of each individual). And this last post by you I think is an excellent reminder to us about why some notes are priced the way they are.
I think I am going to retire from this thread as well.
Again, well put, wtw.