anyone paying attention to this? I ask because I've heard before that the BIS is the central bankers bank.
http://www.telegraph.co.uk/finance/news ... warns.html
aren't central bankers and other politicians supposed to say things to build confidence?
BIS warns of bond bubble
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murphy_p_t
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Re: BIS warns of bond bubble
Yes I saw reports of this on Monday, thinking it through was a bit doomer;
* BIS says equity and fixed income prices unusually high
* QE has depressed Gilt (LTT) yields by 1.9%
* Uk house prices are still perceived as high, propped up by a government first time buyers scheme
* Interest rates are very low
Thats pretty much every asset class DOOMED by government intervention:)
I think Slotine has it bang to rights, don't fight the FED (BoE in my case).
* BIS says equity and fixed income prices unusually high
* QE has depressed Gilt (LTT) yields by 1.9%
* Uk house prices are still perceived as high, propped up by a government first time buyers scheme
* Interest rates are very low
Thats pretty much every asset class DOOMED by government intervention:)
I think Slotine has it bang to rights, don't fight the FED (BoE in my case).