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Bonds Are Not Forever: The Crisis Facing Fixed Income Investors by Lack, Simon A. is a book available to read on EtoBox.

What is Bonds Are Not Forever: The Crisis Facing Fixed Income Investors about?

Bonds Are Not Forever: The Crisis Facing Fixed Income Investors 5 Copyright 6 Contents 9 Preface 13 Acknowledgments 15 Chapter 1: From High School to Wall Street—The Bull Market Begins: Inflation Memories 17 As Bad as It Gets 20 Trading in Gilts 21 The Old Class Structure 24 A Nineteenth-Century Market 27 Finance Starts to Grow 28 Is Finance Good? 32 Investing After the Bubble 36 Chapter 2: A Brief History of Debt 39 Interest Rates in Ancient Times 39 Medieval Credit 42 The Beginnings of Modern-Day Finance 44 Borrowing Reaches the Mass Market 47 Student Debt 55 Big Borrowers in History 59 What We Owe Now 61 Chapter 3: Derivatives Growth 67 Welcome to New York 68 Early Derivatives Growth 72 Swaps Take Off 77 Size Isn’t Everything 81 Derivatives Reach Omaha 83 Norwegian Wood 85 Chapter 4: Bond Market Inefficiencies for Retail: A Simple Market Model 89 Stocks Are Fairer Than Bonds 92 Why Change Is Slow 95 Structured Notes 97 The Internet Threatens the Swaps Oligopoly 100 Municipal Bonds 103 Chapter 5: Trading Derivatives: Before Banks Were Exciting 109 Computers and Swaps 112 Should Banks Innovate? 113 Growth in Innovation 115 Volcker’s Problem 118 Bring Me Clients with a Problem 119

Author

Lack, Simon A.

Language

EN