European Tribune - Comments - The Spectacle of Modern Investment Markets...

The Spectacle of Modern Investment Markets... | 54 comments (54 topical, editorial, 0 hidden)

Re: The Spectacle of Modern Investment Markets... (none / 0)

So, who cares?

Those who are trying to use the financial markets for what they have been touted as doing: pension funds for starters.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed May 5th, 2010 at 07:15:36 PM EST
[ Parent ]

Re: The Spectacle of Modern Investment Markets... (4.00 / 3)

But 1) that was a lie. 2) If you bought a 30-year gilt as part of a pension, the cash flows you'll be getting are independent of the price of the bond in the secondary market.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Thu May 6th, 2010 at 02:17:08 AM EST
[ Parent ]

Re: The Spectacle of Modern Investment Markets... (4.00 / 2)

Pension funds don't care, or shouldn't care, about daily bond market fluctuations. If they don't feel comfortable about owning gilts(!) overnight(!!!!!), they shouldn't own them at all.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu May 6th, 2010 at 07:50:53 AM EST
[ Parent ]

The Spectacle of Modern Investment Markets... | 54 comments (54 topical, 0 editorial, 0 hidden)

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