Why Bond Yields Refuse To Rise In This Recovery |
February 15, 2012 | February 2012 Bond Updates |
Governments are paying banks to buy their own debt, which will be used to bail out banks who loaned too much to over-indebted governments. Politically, this is a Machiavellian act of thievery which allows banks to re-capitalize without any official bailout or easily-identifiable money-printing. |
View more at: http://www.forbes.com/sites/greatspeculations/2012/02/13/why-bond-yields-refuse-to-rise-in-this-recovery/ |
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