Second Verse, Same as the First
It happened last October, again this past March and June and then again within the past few weeks. Equity indices rose and bond investors moved from sovereign to corporate issues.
Each time this happens, the dominant media meme again becomes "growth is back" -- and along with it logic, reason, rationality, optimism and all things good and right. This has been playing out ever since the 2008 crisis the same way with a net trend (since the equity market bottom in March 2009) of equities and sovereigns both rising. ...423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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