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     Jun 5, '14


Bond meltdown cometh
By Martin Hutchinson

Extreme policies produce extreme attitudes among investors. Now, the nearly six years of zero interest rate policies - accompanied by quantitative easing - that we have seen in most Western economies are producing such an extreme attitude in the world's bond markets.

Bond investors' appetites for high yields have grown so far that they are seeking out risks far out of proportion to the additional



return they may receive. In turn, borrowers both corporate and state are forgetting the discipline needed to keep debts under control.

Needless to say, this will all end in tears, which will thereafter prevent worthwhile borrowers from accessing the funding they need. More ...

Martin Hutchinson is the author of Great Conservatives (Academica Press, 2005) - details can be found on the website www.greatconservatives.com - and co-author with Professor Kevin Dowd of Alchemists of Loss (Wiley, 2010). Both are now available on Amazon.com, Great Conservatives only in a Kindle edition, Alchemists of Loss in both Kindle and print editions.

(Republished with permission from PrudentBear.com. Copyright 2005-14 David W Tice & Associates.)





 

 

 
 



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