The chase for yield continues.
It's hard to see how this will not somehow end badly. Central bankers have created another kind of bubble, what we call in this instance a reverse bubble that bursts when rates go up more rapidly than investors expect.
Too many of these yield chasers will be left holding the bag, burned again in part by their own greed and by putting any trust in these clueless bureaucrats.
It might sound harsh but that's often the nature of reality.
http://soberlook.com
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