My latest over at The Huffington Post. A wonkish look at the safe asset shortage and the waning efficacy of quantitative easing: http://www.huffingtonpost.com/european-horizons/yes-the-world-does-have-a_b_14636524.html
My latest at The Huffington Post: http://www.huffingtonpost.com/european-horizons/to-do-whatever-it-takes-t_b_9774500.html
Every bond in Japan is yielding less than .4%. Germany’s ten-year yield is hovering around 25 basis points. The 10-year U.S. yield is less than the Federal Reserve’s inflation target Continue reading Do Record-Low Yields Really Indicate Substantial Duration Risk?