Yeah sure.
Your fantasizing about it?
So, what would be better for Ireland's investors? Bonds going to 2% rate or going to 10% rate?
Shit I wish I'd bought some "national solidarity bonds" during the recession, sexy interest rates but there was too much talk of burning the bondholders, as if 80% of those people weren't Irish citizens/pension funds, etc.
well yeah, 80% of bonds are in pension funds, and the baby boomers are now starting to use those funds, soooo...massive amounts of fake wealth are now going to be removed from the system, which pretty much means that the fed will have to have eternal easing in order to negate the effect of it all by creating inflation in financials.
What I was getting at tho was my Govt was offering "Solidarity Bonds" when we were broke, offered 30% completely tax free (for Irish citizens) after 10 years with bonuses for holding them the full term and additional bonuses if they increase in value over the term.
The Fed has publicly stated in more than a few places that they are not going to be doing this anymore. Which means all the bubbles they have inflated are going to pop soon. The fall is the end date. Junk bond holders already appear to be jumping ship. Many of them weren't even looking for risky investments, just something that would outpace inflation (which low risk 'safe' bonds could never hope to do and of course would inevitably get fucked over by interest rate hikes long overdue anyway).
