The most bullish aspect of markets at present is that yield hungry investors are being pushed by the actions of central banks into riskier assets. The lack of apparent value in the bond market remains the most powerful argument for equities. This has led in our opinion to misguided speculation about “bond- like equities”. We have to tell you that no such investments exist. Bondholders fix their remuneration (and have recently been willing to do this at historically low rates of return). Unlike bonds,…
‘The Value of Growth’
28 Jan 2013
Posted by Barry Norris