Greenspan Warning, Yaksha Question and Manic Markets

Ratings agency Fitch estimated the value of negative-yielding government bonds to be around $9.5 trillion — these are sovereign bonds if held to maturity would translate into losses for the investor.

Analysts at Goldman Sachs say annualised returns on S&P 500 at current levels could be single digits or negative for the next 10 years.

Fact is, since the easing of rates, credit growth has fallen further and investment is at a record low.

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