RE: The Primacy Of Income: The Era Of Gains is over

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The Primacy Of Income: The Era Of Gains is over

in interestrates •  6 years ago  (edited)

Why I disagree with this section of the article:

During a recession there are defaults on bonds(And that's why funds with junk bonds lose so much value during a downturn). This is the same as saying: "The money disappeared".

Well, if during a crisis the money simply disappeared and the central banks started to "flood the world with liquidity" or print money like crazy, that "new money" would offset the money that disappeared.

Although, I still agree with the rest of the article.

Btw, great post!
Thanks.

interestrates
6 years ago by

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