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World gone mad

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World Gone Mad, Part 2: “Perpetual Preferred”

10/10/2016(0)
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors desperate to keep the ... Read More
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World Gone Mad, Part 1: “Huge Demand” To Lend Italy Money For 50 Years

06/10/2016(0)
    You read that right. Not only is Italy selling 50-year bonds, but people are lining up buy them. Italy’s first 50-year bond sale had huge demand (Reuters) ... Read More
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