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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.

Comments:
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)

well...
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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