The debt bubble has to burst

Announcement by Business Spectator - 11th of March 2010 - 12:47 PM

This week is the one-year anniversary of the historic stock market rally which has seen US shares climb by almost 70 per cent – and we’re getting set to celebrate in style.

Most global markets are coming close to testing their January highs, the oil price is back above $US82 a barrel, and the carry trade – where traders borrow in low-interest rate currencies such as the US dollar and the yen – to invest in riskier, higher yielding assets – is roaring along.

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