FALSE ENDINGS AND TRUE VALUES

摘要

All good action-adventure authors, like Lee Child, Tom Clancy and the late Vince Flynn, use the false-ending technique. Just when the reader thinks the bad guys are caught or the bomb has been defused, something even more catastrophic happens. And once again the game is afoot. The bond market has been following this exact script. Quantitative easing and the Federal Reserve's $85 billion monthly bond-buying spree made investors feel safe. They intellectually knew interest rates were artificially low, but they still felt safe. Plus, all that liquidity has helped thrust equity markets to lofty heights.