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World risks fresh credit bubble, Switzerland's BIS warns

 
JUST HERE
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User ID: 25610447
United States
12/09/2012 06:51 PM
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World risks fresh credit bubble, Switzerland's BIS warns
Asset prices across the world have risen to heady levels not seen since the credit boom five years ago and may be losing touch with economic reality yet again, the Bank for International Settlements has warned.
“Some asset prices appeared highly valued in a historical context relative to indicators of their riskiness,” said the bank in its quarterly report.

Yields on morgtage bonds have fallen to the lowest level ever recorded. Spreads on corporate debt have narrowed to the wafer thin margins of 2007, even though default rates are currently three times higher than they were then for junk bonds and twice as high for investment-grade companies
[link to www.telegraph.co.uk]
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WTFRLY

User ID: 14318186
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12/09/2012 07:14 PM
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Re: World risks fresh credit bubble, Switzerland's BIS warns
Yea the bubble is on the verge of popping. The current macro trends can't continue at this pace. The problem is in two parts, deflation (maybe disinflation?) in credit based profits (mainly finance), while inflation is hitting the physical goods on store shelves. Inflation will really make itself known in food prices in the coming months.

[link to wtfrly.com]

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