The Risible Myth Of The Savings Glut And The Lunacy Of Subzero Yields

When something like the truly freakish chart below appears, you’d think that even the Wall Street gamblers would get their collective heads out of the sand. The fact that in September 2017 Austria was able to issue a 100-year bond at a mere 2.1% yield was crazy enough. After all, the old Austria (Austro-Hungarian Empire) disappeared exactly 100 years ago at the […]
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