…. the financial world is deeply perverted.
It’s a landscape in which toxic debt can be packaged up – and leveraged.
Where ‘money’ can be conjured onto the books of the banks.
And stock prices shoot UP when the economy is going DOWN.
But things just got a lot weirder.
For the first time ever the real yields on so called ‘high yield’ European bonds have turned negative.
Which means investors will be buying assets, with no real returns, effectively losing them money, if inflation persists.