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This guy was on the CBC a few months ago and I was basically screaming at my radio. One choice portion of the show was when the interviewer (who was lapping it
by adamtmca 15y ago
This guy was on the CBC a few months ago and I was basically screaming at my radio.
One choice portion of the show was when the interviewer (who was lapping it up) asked what would be a good alternative to the stock market. He proposed bonds. He even went so far as to say that bonds would reduce the amount of volatility we see in the economy by reducing the impact of the "expectations market".
Yes. Replacing equity financing with debt sounds like a reasonable solution to reducing volatility.
What an absolute fraud.
- maigret 15y agoBut ultimately stocks have to pay a dividend. I agree that a bond-only system would lead to a lot of junk bonds, but mainly because lot of stocks are also junk. In any case, some bonds belong to a balanced portfolio. Too much people have too much of stock in their portfolio (also too much real estate, but that's another topic).