Friday, August 12, 2005

Bond Thugs!

Interesting article about bond bubble in US. Explains nicely how Fed's policy of low interest rates pumped up bond prices/real estate prices, and how cary trade became profitable for joe six pack. If they are correct, it does not portend well for US economy. No wonder the Pimco boys are up in arms.


Blogger Seduction said...

Welcome new Autoblogger, Lu Zhou
For as long as Lu Zhou can remember, he has been a car guy. Yep, he was that kid that enjoyed a sweet aroma of gasoline.
Thanks for all your hard work!

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2:20 PM  

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