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

Published by Eric Parnell

Registered Investment Advisor

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