Leta i den här bloggen

2019-10-02

The greater fool theory is at work in the bond market

Both sovereign and corporate borrowers are raising money at negative rates of interest. 

Buy on the assumption that the central banks will play the role of the greater fool through their asset purchasing programmes, thereby providing a profitable exit from a profoundly unattractive investment.

John Plender FT  30 September 2019


Inga kommentarer: