[noneeeed]

I think it was an episode of Planet Money a couple of months ago, that had an interview with someone senior in the bond world. She seemed really quite worried about the current state of the market.

There is so much capital desperately trying to find a home that they are having to invest in companies with very little oversight or influence. In the past they would have been the grown-ups in the room, applying some scrutiny and skepticism to everything. But now companies can simply go somewhere else if you turn them down.

She seemed to think that there were a lot of companies being kept afloat by this easy money that could easily go pop in the near future, or companies that should have gone bust ages ago but are limping along with cheap credit.

It does seem that whether or not we are headed for an imminant bust, the economy is in a pretty peculiar place at the moment with negative interest rates etc.

[andrekandre]

do you have a link to that? (can’t seem to find it myself)

i would really like to listen to it because intuitively i’ve felt the same way and wonder what others who are-in-the-know have to say about that.