Suddenly, global credit markets are looking, shall we say, a tad unsettled…
[rentowności.png]I wonder if we’re (finally) beginning to see bond markets pricing in the post-financial-crisis orgy of fiscal recklessness (not to mention the tsunami of refinancing-related supply)?
If so, that’s not going to be very good for the public finances of countries that decided high debt levels don’t really matter, is it?
Oops.