
#40: Grant Williams On Focusing On What's Important
Superinvestors and the Art of Worldly Wisdom
The Risk of Inflation in the Bond Market
The bond market if there's even a whiff of inflation is a remarkably dangerous place to be. The ECB had bought 85% of of issuance in the last year by the by the European sovereigns and a hundred percent effectively of the southern European sovereign debt now. Knowing that it could continue for any period of time or even get bigger should the market come under pressure is a remarkably risky bet to take let's just put it that way.
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