by Pater Tenebrarum, Acting-Man.com:
Tossing Caution to the Wind
The latest piece of evidence confirming that the interventions by central bankers have created yet another giant bubble that will eventually land investors in hot water comes to us via Reuters. A major boom in the debt of so-called ‘frontier markets’ has begun. Readers may recall that the last time these markets experienced a similar boom was in the period mid 2007 to early 2008. Here are a few excerpts from the Reuters article:
“With the world’s biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record.
Please follow SGT Report on Twitter & help share the message.