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Bond Losses of $1 Trillion
if Yields Spike, BIS Says

Reuters, by Staff

Original Article

Posted By:woofwoofwoof, 6/23/2013 5:34:07 PM

Bondholders in the United States alone would lose more than $1 trillion if yields leap, showing how urgent it is for governments to put their finances in order, the Bank for International Settlements said on Sunday. The Basel-based BIS lambasted firms and households as well as the public sector for not making good use of the time bought by ultra-loose monetary policy, which it said had ended up creating new financial strains and delaying rather than encouraging necessary economic adjustments.

When, not if. And probably soon. This is the cost of Bernanke´s Gambit. The piper must be paid.


Post Reply  

Reply 1 - Posted by: NorthernDog, 6/23/2013 5:46:15 PM     (No. 9390087)

Sounds like a ticking time bomb. ´´Safe´´ low-yield bonds will see their values plummet when interest rates rise. No wonder our fearless leader is scouting-out a future home in Africa.

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Reply 2 - Posted by: Blue-Z-Anna, 6/23/2013 5:56:08 PM     (No. 9390096)

So...diamonds is woithless ???

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Reply 3 - Posted by: secondtimelucky, 6/23/2013 7:18:01 PM     (No. 9390161)

2 - they´ll always be a goil´s best friend...

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Reply 4 - Posted by: woofwoofwoof, 6/23/2013 8:07:17 PM     (No. 9390180)

I dunno, strangely gold is going down at the same time, things is weird. Eat, drink, and be merry, for tomorrow we may diet.

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Reply 5 - Posted by: voxpopuli, 6/23/2013 10:57:49 PM     (No. 9390279)

i´ll just bet the Kenyan in Charge has got a great idea to solve this..
like doing an EO getting us into some Climate Change type of deal this Tuesday..

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Reply 6 - Posted by: Justavoter, 6/23/2013 11:16:16 PM     (No. 9390293)

Gold is dropping because all of the traders in paper gold is having to cover their positions

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