The play year-to-date has been that historical QE would push yields lower, as they have in the US QE process, but there appears to be sharp rotation away from JGB’s in recent days. Continue reading Japan and Manga Money
“Artificially pushing interest rates down and forcing investors into junk bonds has only one end. It’s just a case of when, not if “(Sohn Investment Conference).
The slump of bond yields seen recently is not the result of the successful policies of our governments. We have seen most growth estimates revised down in recent months. We are seeing a “bond fever” worldwide. Continue reading The Big Bond Bubble
“Rather than attempting to return to Their artificially inflated GDP numbers from before the crisis Governments need to address the flaws in Their Underlying economies” R.Rajan, Univ Chicago
“Governments are always Keynesian when it comes to spending. When it comes to saving They Become Stalinist “
We have read some terrible economic news for Spain . Unemployment of 27.16% and a deficit that reached 10.6%. A 7.1% excluding banking aid. Spain, for the fourth consecutive year, reached a deficit of more than 100 billion euro. That’s a level some politicians want to relax!!! . However, we have also received great news that we should not forget. The banking sector has recovered 25% of the deposits lost in 2012 and the corporate debt has fallen to 2006 levels. Continue reading Spain: Austerity, Yes Please
“Low rates make banks support zombie zombie companies” Nicolas Véron