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chrisgoodwin
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>Elevating markets: A signal of reviving bank lending?  - Alasdair Macleod - Finance and Eco.
This is just short termism: as long as the bubble floats, it is very pretty. But when it bursts (UTTERLY unpredictable) "things" will not be pretty at all. Blood in the streets, war, "whatever it takes" (= "I am a politician: I don't know what to do. I'll do anything to not have to say the poisonous words, "I was wrong" - so anything else is acceptable. Please, perlease, some one, anyone, SAVE ME! Find me a policy to postpone the evil day.) This is not investment. It is playing Russian roulette with the world's central banks. They lose.
AND you lose. (I married into a family of farmers and medical people -doctors,nurses, physiotherapists - I might just survive.)


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Beginning of the headline :Earlier this week Bill Gross who runs Pimco's bond fund made a conditional case for investing in high-yielding bonds, even though on first cut the yield benefit appears insufficient to justify the extra risk. Put bluntly, he suggests that investing in bonds issued by insolvent Eurozone governments or second-rank corporate borrowers could be profitable. Mr Gross is following some other smart and usually sceptical fund managers in appearing to throw in the towel against persistently low bond yield... Read More
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