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The seeds of the next crisis are sown as new government rules force pension funds to buy the...

The seeds of the next crisis are sown as new government rules force pension funds to buy the long-term sovereign obligations of the U.S., U.K., and EU at what - in the future - will be looked back upon as one of the worst times ever to do so. "Financial repression works well," says Jerome Booth of fund manager Ashmore, "but it is distortionary ... Anyone who invests money in sovereign bonds has got some explaining to do."
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    The pension funds ALL KNOW.that if they get in trouble...the government will bail them out....look at what they did at GM....everyone thinks they have the government backing them up...
    8 Oct 2012, 01:09 PM Reply Like
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