Panic has become all too rational (Martin Wolf/Financial Times)

 

Martin Wolf / Financial Times:
Panic has become all too rational  —  Suppose that in June 2007 you had been told that the UK 10-year bond would be yielding 1.54 per cent, the US Treasury 10-year 1.47 per cent and the German 10-year 1.17 per cent on June 1 2012.  Suppose, too, you had been told that official short rates varied …

Panic has become all too rational (Martin Wolf/Financial Times)
Wed, 06 Jun 2012 08:30:06 GMT