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Bond bubble: a most unhelpful analogy

By Brad Crombie, Global Head of Fixed Income, Aberdeen Asset Management

Financial bubbles have existed for only marginally less time than investment markets themselves. This is because our tendency to get excited and carried away causes them.

There is, however, a serious risk of misusing the term 'bubble'. It metaphorically implies an obvious ending: the bubble bursts. And we all know how that happens: very quickly, and very violently. You simply can't pop a bubble gradually. Physics won't allow it.

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