Добро пожаловать в новую реальность!

Share on FacebookShare on VKTweet about this on TwitterShare on Google+Share on LinkedInShare on Tumblr

Инвесторы начали платить за то, что они ссужают свои средства компаниям, сообщает The Wall Street Journal.

Немецкие производитель потребительских товаров Henkel AG и французская фармацевтическая компания Sanofi SA разместили свои облигации таким образом, что покупатели отдали больше, чем они получат взамен.

Henkel продала 2-летние облигации на 500 млн. евро, Sanofi 3-х летние на 1 млрд. евро, с доходностью -0,05%.

Ряд стран уже выпускают долговые бумаги с отрицательной доходностью. На начало месяца более 13 трлн. долларов, размещенных в облигациях, торговались в отрицательной зоне. Однако  это первый случай, когда частные организации разместили свои бумаги с доходностью ниже нуля.

Согласно последнему опросу ЕЦБ, опубликованному 29 июля, компании занимают средства на рынке с целью успеть воспользоваться моментом, пока ставки по кредитам находятся на близких к нулю уровнях, и, таким образом, снизить долговую нагрузку.

Средняя доходность по европеским корпоративным облигациям


wsj1

Источник: The Wall Street Journal

На этом фоне ряд инвесторов уже переключились с европейского рынка на американский, где доходность до сих пор положительная.

«Сейчас большинство компаний с высоким кредитным рейтингом имеют возможность разместить свои облигации с нулевой или отрицательной ставкой», — сказал Марк Линах из BNP Paribas SA. «Это новая реальность, в которой мы сейчас живем».

Доходность по коротким корпоративным облигациям Европы 


wsj2

Источник: The Wall Street Journal

Резюме

«Новая реальность», к которой мы пришли, не соответствует действующей финансовой системе мира. Вполне возможно, что в скором будущем мы даже услышим о том, что теперь денежная система работает совсем по-другому, однако не стоит в это верить.

В итоге глобальная экономика может столкнуться с дефолтами стран и их правительств. Дойдет до того, что кроме регуляторов никому не будут интересны долговые бумаги, а это приведет к схлопыванию пузырей. Также развитые страны мира могут начать страдать от гиперинфляции, так как за последние несколько лет было напечатано около 3 трлн. ничем необеспеченных долларов.

На наш взгляд, мировые регуляторы затеяли очень опасную игру, последствия которой никому пока не известны.

Кумулятивный баланс крупнейших центральных банков мира (трлн. дол., % к ВВП)


zh

Источник: zerohedge.com

 

Другая статистика:

  1. Баланс Федеральной Системы США
  2. Баланс Европейского Банка         
Share on FacebookShare on VKTweet about this on TwitterShare on Google+Share on LinkedInShare on Tumblr

576 Trackbacks / Pingbacks

  1. Google
  2. door bondage swing
  3. bondage toys for couples
  4. vibrators to wear in public
  5. male enhancement that really works
  6. best personal massager
  7. rechargeable rabbit toy
  8. how to choose a vibrator
  9. Larissa Bonesi Photos
  10. viagra
  11. viagra
  12. viagra
  13. viagra
  14. viagra
  15. viagra 2019
  16. pc games for windows 8
  17. free download for pc windows
  18. free download for windows 7
  19. legislation
  20. tummy tuck in jaipur
  21. spins hack pro
  22. khóa học trang điểm cô dâu
  23. VIAGRA
  24. goku vs yomama
  25. best anal plugs
  26. chicks
  27. free v-bucks
  28. anal plug trainer
  29. VIAGRA
  30. robux hack
  31. omegle text chat
  32. prostate massage
  33. Sex
  34. Topmediamarkt.com
  35. xxx
  36. hot vibrator
  37. vibrator
  38. Job2
  39. Free Microsoft Softwares
  40. butt plug review
  41. adam and eve review
  42. 검증사이트
  43. 토토메이저
  44. 황금성
  45. pizza coupon codes
  46. free robux generator
  47. escort directory
  48. how to use vibrating dildo
  49. legal
  50. regulation
  51. Bond Cleaners
  52. apk for pc free download
  53. 먹튀검증
  54. 먹튀사이트
  55. 바카라사이트
  56. buy cbd capsules
  57. cbd oil near me
  58. using anal sex toys
  59. how to use dildo anal
  60. 먹튀사이트
  61. Bond back cleaners
  62. Littlest Pet Shop
  63. PORN DOWNLOAD
  64. super bowl wings
  65. Film Streaming
  66. Threema
  67. cheapest solar rooftop system
  68. anal vibe
  69. Whitney Simmons workout plan
  70. teach a kid how to read
  71. free download for windows 7
  72. app apk download for pc
  73. apps download for windows 7
  74. free download for windows
  75. apps for pc download
  76. app download for windows 10
  77. pc games for windows 10
  78. ceiling lights
  79. enlargement pumps
  80. best penis extension
  81. software informer
  82. Amsterdam escort
  83. businesses for sale Canada
  84. best hand cream for calluses
  85. how to use dual vibrator
  86. realistic pocket stoker
  87. load central
  88. vibrating bullet
  89. Famous hunters
  90. GENM 023
  91. commercial flourmill
  92. holmes blackboard
  93. fast food near me
  94. breakfast restaurant near me
  95. disvutir
  96. Contract Security Services
  97. travel news and tips
  98. HOW TO GET FREE V BUCKS
  99. apps download for pc
  100. prostate
  101. #weekend
  102. giant dildo
  103. asmr vibrations
  104. Blackhat Seo buy backlinks
  105. buy backlinks ppbn trackback seo blackhat
  106. Elasticity
  107. Donovan
  108. realistic vibrator
  109. 메이저 사이트
  110. bondage toys
  111. best bariatric surgeon in mumbai
  112. bunny vibrator
  113. 더킹카지노
  114. 퍼스트카지노
  115. diet
  116. stroker for men
  117. FAKE NEWS
  118. Songs For You
  119. uk forwarding address
  120. toys for men
  121. TSUE
  122. sex toys for clit
  123. best photographer in hyderabad
  124. adult
  125. Dog Bandanas
  126. FREE ROBUX 2020
  127. jelly dildo review
  128. ebay.in coupon
  129. phen375 review
  130. rabbit massager
  131. sex toys
  132. most realistic dildos
  133. Ford Ranger Bình Dương
  134. CFL Grey Cup Live Stream
  135. frozen2 movie
  136. free windows app download,
  137. downloader apk,
  138. best cbd oil for pain
  139. PORN
  140. Gizmoist makeup bag
  141. dildo vibrator
  142. vibrating butt plug
  143. best cbd oil for pain
  144. XXX VIDEO
  145. penis extender
  146. robux promo codes
  147. gamesfriv
  148. CRAZYSHIT.CoM
  149. cbd oil for depression
  150. withinouttechnicians.info
  151. pest control services newmarket
  152. VIAGRA
  153. Anime Batch
  154. free download for windows
  155. https://searchtempo.com.au/
  156. فیلم های سکسی
  157. blagodarnost sinonim
  158. pocket stroker
  159. rabbit vibe
  160. LEGO 70421
  161. cbd oil for sleep
  162. YOLO PORN
  163. học trang điểm cô dâu
  164. vibrating butt plugs
  165. try me bitch ;)
  166. butt plug review
  167. pocket pussies reviews
  168. glass butt plug
  169. rabbit sex toy
  170. breakfast restaurant near me
  171. tacos near me
  172. CHEAP VIAGRA
  173. best products
  174. ROBUX
  175. vibrators
  176. ABP-936
  177. triple pleasure rabbit
  178. visit
  179. 더나인카지노
  180. strap on
  181. MKMP-315
  182. false prophets
  183. 예스카지노
  184. 퍼스트카지노
  185. puppy rottweiler
  186. waterproofing of wall
  187. How
  188. male stroker
  189. Rottweiler puppies for sale in Alexandria Louisiana
  190. Livesex
  191. powerdirector uptodown
  192. online research repository
  193. best vibrators
  194. waterproof vibrator
  195. vibrating underwear
  196. rabbit vibrator
  197. finger vibrator
  198. pleasure ring
  199. cock rings
  200. PORN VIDEOS ONLINE
  201. ketamine
  202. Xanax bars for sale
  203. Sims Villa
  204. Dank Cartridges
  205. realistic dildo
  206. wireless remote panties
  207. san diego personal trainer
  208. official website
  209. popeyes chicken near me
  210. how to get more instagram followers
  211. best cbd oil for sleep
  212. hacer tilin
  213. asus memo pad 7 k01a
  214. best cbd oil for pain
  215. good vibrators
  216. suits hoodie Jump suit plus size dressestailor near mebespoke
  217. sunglasses for women
  218. electric motorcycles
  219. jetsurf
  220. https://blockchainafrica.site/
  221. walmart wire
  222. onewire
  223. pornstar pocket pussy
  224. waterproof prostate toy
  225. best cbd oil for pain
  226. Nigeria
  227. Naija News
  228. FINCAR (1x10)
  229. app free download for windows 8
  230. download app apk for windows
  231. games for pc windows download
  232. apps for pc download
  233. my sources
  234. apps for pc download
  235. apk for windows 8 download
  236. Dank carts
  237. strap-on dildo
  238. rabbit vibe
  239. Outsourced Hosting Support
  240. https://merrydrug.net/
  241. best cbd capsules
  242. ehlers danlos syndrome
  243. best cbd oil for sleep
  244. Real money
  245. power washing portland oregon
  246. https://nouw.com/q9lbnuh020/free-robux-2020--36823440
  247. pocket male masturbator
  248. wireless wand vibrator
  249. personal finger massager
  250. power washing services
  251. mimai beach
  252. realistic vibrating dildo
  253. best anal butt plugs
  254. connectivasystems incest porn
  255. check visa gift card balance
  256. نقل عفش
  257. cannabidiol
  258. forex trading
  259. male toys
  260. Vape Shops Near Me
  261. massage me UK
  262. Get it now
  263. customer service number
  264. satta king qp
  265. all pak drama
  266. Unusual gifts
  267. anal sex
  268. increase DR fast
  269. viagra
  270. viagra
  271. Bandar Bola Terpercaya
  272. diet tea that works
  273. Aletha Lish
  274. viagra
  275. UnseenMMS
  276. THC Cannabis Oil
  277. Brass Knuckles Vape
  278. financial data live
  279. Joel Osteen Prayer Request
  280. Joel Osteen Website
  281. نقل عفش
  282. agence digitale paris
  283. cours de chant
  284. buy cbd oil
  285. детские аудиокниги бесплатно
  286. buy hacklink
  287. Jewelry
  288. Correduria Publica Cancun
  289. bimetal hole saws
  290. Windsor Music
  291. LogoDaliL Egypt Business Directory
  292. Grand Daddy Purple
  293. barbers apron
  294. I love u i hate u lyrics
  295. vapor shops near me
  296. robux hack
  297. INDIAN VISA APPLICATION
  298. past life by a birth date
  299. myprepaidcenter
  300. good lawyer
  301. india visa online
  302. Buy aderall online legally
  303. russian alphabet pdf
  304. virtual visa card buy for google AdWords
  305. Application Development Support
  306. Cloud Infrastructure Jersey
  307. all mobile price in bangladesh
  308. guitar licks
  309. buy products on sale
  310. cbd oil for dogs
  311. how to use a cock ring
  312. where can i post my blog for free
  313. prestashop dropshipping
  314. Online Casino Malaysia
  315. Software Application Development
  316. psychedelic mushrooms colorado
  317. Catolux
  318. Editorials
  319. Vape Shops Near Me
  320. san forex
  321. huge dildos
  322. best steroids uk
  323. MrPornGeek
  324. Leathercraft
  325. https://www.directorytogoto.com/united-states/akron/home-services/mold-removal-akron
  326. acne condition
  327. electrician near me
  328. cbd oil near me
  329. buy customised myob accountright form
  330. fapidy
  331. Premium VoIP Service
  332. Refacciones para maquinas de coser
  333. Dank Vapes
  334. ремонт на дюзи
  335. http://zpu-journal.ru/forum/view_profile.php?UID=159683
  336. pressure washing
  337. Amazon fire TV stick 4K
  338. CBD gummies 25mg
  339. Coventry Phone Repair Centre
  340. RoyalCBD
  341. full version pc games download
  342. games for laptop download
  343. pc games free download for windows 7
  344. games apps for pc download
  345. free download for windows 10
  346. BUY WEED ONLINE
  347. Dank cartrifges
  348. Hide me Vpn Crack
  349. Sex toys
  350. buy sildenafil citrate
  351. James Martinos
  352. strap on dildo
  353. is CBD legal
  354. Royal CBD
  355. full spectrum CBD
  356. mua bán nhà đất quy nhơn
  357. sex toys
  358. Georgetown Indiana
  359. Adam and Eve Magic Massager
  360. https://diamondcleaningusa.com/why-having-sex-in-a-clean-room-is-better/
  361. Royal CBD
  362. buy corgi puppies
  363. crm software for small business
  364. best CBD oil
  365. furniture shops in gurgaon
  366. CBD products near me
  367. CBD near me
  368. how to use a pocket pussy
  369. Vancouver moving companies
  370. THC Vape Oil
  371. https://myinforms.com/
  372. Blue and Yellow Macaw
  373. waterproofing contractors in bangalore
  374. Asian BBC compilation
  375. Cannabis Oil for Sale
  376. singapore cruise from india
  377. fda approved cbd
  378. full spectrum cbd vape
  379. buy cbd gummies
  380. mens stroker
  381. детские книги на русском языке
  382. kiu
  383. dildo for beginners
  384. Loan App Mobile APP
  385. dual pleasure vibrator
  386. vibrating penis ring
  387. remote control bullet vibrator
  388. krabi phuket tour package
  389. G Suite promotion code
  390. seo services web
  391. how can i get a home loan with poor credit
  392. male pocket masturbator
  393. debit visa card
  394. nigerian music
  395. 印度签证
  396. sexygirls shows
  397. dank vapes website
  398. THC Vape Juice
  399. amazon
  400. sex couple cams
  401. sex shows
  402. sexy
  403. CBD gummies
  404. аудио книги для малышей бесплатно
  405. Google
  406. Smoke Shops Near Me
  407. https://royalcbd.com/product/cbd-oil-2500mg/
  408. https://royalcbd.com/product/cbd-oil-500mg/
  409. https://royalcbd.com/product/cbd-oil-250mg/
  410. https://royalcbd.com/product/cbd-gummies-10mg/
  411. https://royalcbd.com/product/cbd-capsules-25mg/
  412. https://royalcbd.com/product/cbd-roll-on-gel/
  413. https://royalcbd.com/product/cbd-salve/
  414. https://royalcbd.com/shop/
  415. https://royalcbd.com/blog/
  416. Earn Online Money In Pakistan
  417. Coinpunk
  418. coinchomp
  419. Des blood VR
  420. vibrating realistic dildo
  421. فیلم سکس گروهی ‌ایرانی
  422. myBooks
  423. THC vape juice
  424. داستان سکسی مامان
  425. Pets store
  426. reptiles for sale
  427. Pets for sale
  428. free mp3
  429. Dank carts
  430. THC vape oil
  431. Maltipoo puppies for sale
  432. corgi puppies for sale near me
  433. English bulldog for sale
  434. chihuahua puppy for sale.chihuahua puppies for sale near me
  435. French bulldog for sale near me
  436. http://buycounterfeitmoneyonline.net
  437. Van chuyen hang hoa duong bien di Nhat
  438. Dank carts
  439. Puppies for adoption near me
  440. Siberian husky puppies for sale near me
  441. rottweiler puppies for sale
  442. pitbull puppies for sale price
  443. bullmastiff puppies for sale near me
  444. border collie puppies for sale in texas
  445. women sucking clit
  446. Dank cartridges
  447. https://5starlegitdocuments.com/our-services/birth-certificate/
  448. snapdeal lucky draw number
  449. Buy weed online
  450. https://counterfeitmoneyforsale.online/
  451. penis pump review
  452. jack rabbit vibrator
  453. penis enlargement pump
  454. https://www.funnyordie.com/users/Best-CBD-Gummies
  455. https://www.producthunt.com/@buycbdgummiesonline
  456. CBD
  457. CBD
  458. CBD
  459. CBD
  460. CBD
  461. CBD
  462. CBD
  463. CBD
  464. CBD
  465. CBD
  466. CBD
  467. CBD
  468. CBD
  469. CBD
  470. how to use strapless dildos
  471. how to use strapon
  472. how to use sex vibrator
  473. Snapdeal Lucky draw 2019 winner Name list
  474. ttp://www.tacktrunkoh.com/walmart-reward-playing-cards-a-good-giveaway/
  475. CBD for sale
  476. best CBD oil
  477. CBD for sale
  478. best CBD oil
  479. best CBD oil
  480. best CBD oil
  481. CBD oil
  482. CBD for sale
  483. best CBD oil
  484. buy CBD oil
  485. CBD oil
  486. buy CBD oil
  487. best CBD oil
  488. CBD for sale
  489. personal body wand vibrator
  490. best CBD oil
  491. silicone penis ring
  492. CBD for sale
  493. best CBD
  494. royal cbd products
  495. CBD for sale
  496. best cbd oil
  497. buy cbd
  498. royal cbd products
  499. https://freereviewnow.com/
  500. JUUL FLAVORS
  501. Exotic carts
  502. CBD gummies
  503. CBD gummies
  504. juul pods mint
  505. free download for windows 8
  506. apps download for windows 7
  507. app free download
  508. free download for windows 8
  509. free download for windows 10
  510. free download for pc
  511. app free download for windows 8
  512. free app for pc download
  513. app free download for windows 7
  514. app free download for windows 10
  515. pc games
  516. free download for pc
  517. fabhotel promo code 2020
  518. nill
  519. react native
  520. mobile app development company in Dubai
  521. how to give head
  522. best male stroker
  523. Ministeck
  524. best dildo
  525. adam and eve
  526. Weed Strains
  527. CBD salve
  528. CBD capsules
  529. more tips here
  530. THC Vape Oil
  531. CBD roll on
  532. male masturbator
  533. dildo
  534. anal plug vibrator
  535. yusufçuk kolye
  536. cannabis culture
  537. how to use a pocket pussy
  538. Blessed CBD
  539. how to have sex
  540. Balance your Books like a Pro
  541. male stroker
  542. vibrating remote dildo
  543. CBS oil benefits
  544. Buy Weed Online
  545. GLOCK
  546. professional hairdressing scissors
  547. barbering scissors
  548. left handed scissors
  549. Mark Konrad Chinese Scissors
  550. Agence de communication
  551. hairdressing scissors icandy
  552. Contact
  553. hairdressing scissors
  554. cbd oil Australia
  555. legit
  556. Ants removal service near me
  557. grid tie inverter
  558. mens rings online
  559. g gasm rabbit toy
  560. app for pc download
  561. free download for laptop pc
  562. app for laptop
  563. free download for windows
  564. free download for windows 8
  565. app for pc download
  566. app for pc download
  567. free download for windows 8
  568. free app download
  569. free laptop games download
  570. app free download for windows 10
  571. moonrocks weeds
  572. virtual card with cryptocurrency
  573. cannabis oil for sale
  574. study in ukraine
  575. ban hoc thong minh
  576. Social Security Planning

Оставить комментарий