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June 10, 2010
The Next Bubble?
The Wall Street Journal had an article this week citing some money managers as seeing a bubble in bonds. One might expect bond-pushers to address these concerns specifically in their disclosures to investors. But somehow I see them relying on some combination of "truth on the market," boilerplate cautions about the future, and investor "sophistication" to conclude silence is golden.
SJP
June 10, 2010 in Current Affairs, Investing, Musings, Securities Markets, Securities Regulation | Permalink
