RE: RE: RE: SBB update... Here is a comment from Ceasar Bryan. This says it all:
"What is so strange is that investors seem happy to lend governments money at a negative interest rate, certainly on the 2-Year.
I find it astonishing that people want to invest in governments with a negative return, yet they appear to be fearful of investing in solid companies, with strong balance sheets, and dividend yields of 3%, 4% and sometimes 5%. It appears to be somewhat of a dichotomy. "
Apparently, folks have liquidated their holdings in solid companies so that they can run out and buy government bonds that offer negative real interest rates. This is "brilliant" given that these bonds will soon be worthless either through default or through papering them over. You can't make up stuff like this, yet it happening for all to see.