Bond yields are headed near 4% and not even Fed Chairman Ben Bernanke can stop the “inevitable shock” that’s coming.
That’s a fresh view from Goldman Sachs’ s former chief economist Jim O’Neill, writing an op/ed column for Bloomberg on Wednesday, entitled, “Can Bernanke avoid a meltdown in the bond market?”
His answer? Not really.
http://blogs.marketwatch.com/thetell/2013/06/12/jim-oneill-get-ready-for-4-bond-yields-quite-ugly-days/?mod=WSJBlog&utm_source=feedly
Pimco Sees 60% Chance of Global Recession in Five Years
“The global economy experiences a recession every six years or so, and the frequency of global recessions tends to increase when global indebtedness is high and falling as opposed to when indebtedness is low and rising,”
http://www.bloomberg.com/news/2013-06-11/pimco-sees-60-chance-of-global-recession-in-five-years.html
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