Sunday, 15 February 2009

Finance is a fashion business

Everyone seems to be talking about corporate bonds. Really.

The logic is as follows: we do not trust stocks, we don't like savings and property is a busted flush, so ... er ... bonds!

Obviously it is crazy investing in something you do not understand, and even crazier to advise others when you know little more, but since when did that stop financial journalists pushing product?

Did I (not) hear someone say "rising default rates"?

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