Can Europe and Asia break the grip of US bond markets?
An often-overlooked reason stock markets are prone to bouts of irrational exuberance, as is the case now, is that there is too much money chasing too few investment opportunities around the world. Could we be on the cusp of breaking out of this vicious cycle of boom and bust?
There are some grounds for optimism on this score. They originate from an unexpected quarter – not from dangerously overpriced equity markets but from more staid bond markets beyond the United States, specifically in Europe…
المصدر: SCMP — Tech
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