Why Bond Yields Refuse To Rise In This Recovery
- Wednesday, February 15, 2012, 3:40
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Governments are paying banks to buy their own debt, which will be used to bail out banks who loaned too much to over-indebted governments. Politically, this is a Machiavellian act of thievery which allows banks to re-capitalize without any official bailout or easily-identifiable money-printing.
http://www.forbes.com/sites/greatspeculations/2012/02/13/why-bond-yields-refuse-to-rise-in-this-recovery/
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