Among much else, the legendary economist John Maynard Keynes is rightly famed for his memorable phrase-making. One of his most enduring is ‘the euthanasia of the rentier’. In evocatively capturing the fate of the saver in a world of vanishingly low interest rates and bond yields, it has rarely been as apt.
Bond investors are now paying for the privilege of loaning money to the Irish government. Remarkably, the yield on the Irish...
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