Owe If you owe it to yourself, do you really owe it? After years of quantitative easing (“printing money”), the world’s central banks own 1/5 of their respective countries’ debt. But central banks are owned by their States. So, the owners of the government debt are the governments themselves. Funny money Guessed the Word? …
Tag: central bank
Ultra-long No repayment in a lifetime doesn’t deter today’s investor. Austria’s first 100-year bond in Sep attracted twice the usual number of investors. Neither lender nor borrower will be around to see the bond repaid. Central bank quantitative easing fixed-income purchases have drained liquidity, dropped yields to record lows and caused risk mis-pricing. Guessed the Word? …