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David Stockman: The level of complacency in world financial markets is downright astounding—–even stupid.
Today there are two more signs of extreme mania——a brokerage firm calculation that there are now $5.3 trillion of government bonds trading at negative yields and the cross-over of eurolibor into the nether world of negative yields, as well. Continue reading “This Is Nuts; $5.3 Trillion Of Government Bonds Now Have Negative Yields”