Gone Too Far

If there was ever an indication that things have gone too far in global financial markets during the post crisis period, this is it. Last week, Argentina sold $2.75 billion in bonds that will mature in one hundred years from now with a coupon of 7.125%. For global central bankers that remain intent on flooding the financial system with liquidity, hopefully they are taking notice of this latest farce in global markets.

Please click on the link to read more on Seeking Alpha

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: