Inflation and the Big (Bigger) Short – CMG Capital ManagementVW Staff
May 29, 2015
By Steve Blumenthal
“Negative-yield bonds now account for some €1.5 trillion of debt issued by governments in the euro area, equivalent to almost 30% of the total outstanding. Many expect even more of the global bond market to fall into negative yield territory. Half of all government bonds in the world today yield less than 1%.”
– John Mauldin
This is just not normal. The issues are global. David Rosenberg points out that nearly 90% of the industrialized world economy is presently anchored by zero rates. Wow. The race into . . .
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