Over My Shoulder

Dylan Grice: Popular Delusions - The Bull Case for Safe Havens

October 29, 2012

Last week’s Outside the Box from Dylan Grice made the case for the need for safe havens, due to expansive monetary policy. But what is a safe haven anymore? Exclusively for my Over My Shoulder subscribers, I got permission to use this follow-up companion piece.

“Government securities are the default safe haven in times of heightened risk aversion. But what happens when Government finances are the cause of the tension? Where are the safe havens then?”

Download - popular_delusions_20121023.pdf