"Listen to the markets," writes Martin Wolf. Historically low bond yields in most of the G-7 are...

|By:, SA News Editor

"Listen to the markets," writes Martin Wolf. Historically low bond yields in most of the G-7 are saying "borrow and spend please." The trouble with such analysis is that markets fluctuate. Six months ago yields were far higher and rising. Were the markets then saying, "stop borrowing and spending please?"