"There have existed, in every age and every country, two distinct orders of men -- the lovers of freedom and the devoted advocates of power." ~ Robert Y. Hayne
Unstoppable $100 Trillion Bond Market Renders Models Useless
“After unprecedented stimulus by the Fed and other central banks made many traditional models useless, investors and analysts alike are having to reshape their understanding of cheap and expensive as the global market for bonds balloons to $100 trillion.” It's alarming to think what will happen when the day of reckoning comes for the “unprecedented stimulus.”
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