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#5: Tom McClellan on Engineering Effective Stock Market Models

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Negative Effects of Passive Money on the Bond Market

Lebanon is one of the larger issuers compared to the size of their economy. Money's flowing into passive, so the demand for Lebanese bonds is kind of off the charts. People are willing to loan the money at a 5% yield. But this is not a new phenomenon. It just happens to be happening in certain ways right now in 2017.

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