Coming Soon: The 100-Year Loan to a Bankrupt Government

by Simon Black
Sovereign Man

After every major financial crisis there’s always a retrospective analysis where we can look back and identify “the top”.

Looking back at the tech bubble of the 1990s, for example, all of my friends in technology point to the acquisition of Netscape by AOL for $4.2 billion as the obvious top of the tech bubble.

We’ve discussed many times before how 2016 is looking a whole lot like 2008, right before Lehman went under.

And the next time around, as people look back and try to find the top in retrospect, the following news may certainly be one of the candidates—

Yesterday we found out that the government of Ireland is set to issue a bond with a duration of 100 years. An entire century!

Continue Reading at…