Thursday, January 28, 2010

A Bed Of Nitroglycerine

Bill Gross, adding to his ring of fire article this week, told the Guardian that "the UK is a must to avoid.  Its gilts are resting on a bed of nitroglycerine."  High debt with the potential to devalue its currency present high risk for bond investors."

His continued pressure on government debt should add strain to the already unstable environment.

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