Louis Gave: Bond Market Liquidity Is the New Leverage

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Louis-Vincent Gave, Founding Partner & Chief Executive Officer at Gavekal Research, explains to FS Insider the impact a corporate debt downgrade will have on the markets when debt to GDP levels are extremely high and investors own large amounts of passive bond ETFs. Louis says he is frightened by a scenario that could play out in emerging markets and also cites reasons to doubt continued strength in the world's largest economy.

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About James J Puplava CFP

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