Get Up and Dance

That line about dancing by Chuck Prince is the perfect quote for any age and any asset class where institutions intentionally take risks they know are foolish, but risks they believe are manageable because there’s a greater fool looking to get on the dance floor after them.

The greater fool theory is the driving force behind the bid for negative-yielding debt, whether it’s European government bonds or European investment grade corporate debt . . .

 

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EnochRoot
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EnochRoot

This article is listed with a Premium tag but I’m having trouble viewing it. Is it actually a Pro article?

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Harper Hunt
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It is a Pro article and has been retagged. Sorry for the confusion!

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