From the Desk of Ian Culley @IanCulley
International credit spreads are contracting.
Investors are running from imminent global collapse by reaching for emerging market bonds over risk-free US Treasuries.
Wait, perhaps I heard it wrong.
It could have been a US economic collapse.
Or was it the Chinese yuan replacing the US dollar as the world’s reserve currency?
Honestly, I don’t pay much attention to the doom and gloom. (But I do find it amusing.)
I’m not the only one ignoring the bad vibes.
The markets are also disregarding the fear mongers… [Read more…]