Bond Losses of $1 Trillion if Yields Spike, BIS Says (Jun 2013)

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Source: CNBC – Bond Losses of $1 Trillion if Yields Spike, BIS Says

Notable excerpts:

Bondholders in the United States alone would lose more than $1 trillion if yields leap, showing how urgent it is for governments to put their finances in order, the Bank for International Settlements said on Sunday.

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Scandinavia’s Weakest Nation Finds Welfare Habits Too Costly (Aug 2013)

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Source: Bloomberg – Scandinavia’s Weakest Nation Finds Welfare Habits Too Costly

Notable excerpts:

Scandinavia’s weakest economy can no longer afford the kinds of entitlements its citizens were raised on, according to Danish Finance Minister Bjarne Corydon.

“We live in a world of global competition for jobs,” the 40-year-old minister said in an interview in Copenhagen. “For any finance minister wanting to be taken seriously, it’s something to deal with. That requires a modernization of the welfare state.”

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Polish Government Nationalises Private Pension Funds To Allow It To Borrow and Spend More

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Source: Reuters – Polish central banker says pension changes can boost economy

Notable excerpts:

A Polish central bank policymaker has defended the government’s decision to transfer more than half of private pension fund assets to the state, saying the move would give the economy a vital investment boost.

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Fed Scaring People Betrays Low-Rate Addiction, Denmark Says (Aug 2013)

living_beyond_meansSource: Bloomberg – Fed Scaring People Betrays Low-Rate Addiction, Denmark Says

Denmark’s Economy Minister Margrethe Vestager said the reaction to the Federal Reserve’s talk of scaling back stimulus as early as next month has made clear just how addicted people have become to record-low rates.

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