Should we be as worried as the markets are about equities, or should we more fear low bond yields? It really depends on our time horizon.
The Investor
It’s a torrid time for stock markets, but why would anyone sane prefer to buy government bonds at historically tiny yields?
I’m finally worried by the sovereign debt fears that have stalked the world for three years, but my concern is in the small print.
They said they hoped they’d die before they got old – but they didn’t, and here’s the graph to prove it. Plus the week’s good reads.