The biggest risk to all markets today

lies in the loose monetary policy that has delivered ultra-low policy interest rates and contributed to low nominal bond yields, which remain in historically unprecedented territory even after the recent upward adjustment.

Investors search for more yield regardless of risk, and everyone — households, companies and governments — borrows to excess while debt servicing costs are minimal.

The result is an explosive growth in debt.

John Plender 15 April 2021


https://www.ft.com/content/edcaecb2-5f83-4909-9d96-cb4daa0f0401


Jeremy Grantham

https://englundmacro.blogspot.com/2020/06/stock-market-legend-who-called-3.html


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