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the world is awash in cash


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#1 da_cheif

da_cheif

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Posted 12 November 2019 - 10:47 PM

The world is awash in cash. Certainly enough cash sloshing around out there to continue to fuel the bull market for some time to come.

"Ridiculous": $1 Trillion In Orders For $7 Billion Chinese Bond

When Shanghai Pudong Development Bank sold $7 billion in convertible bonds last month, investors placed more than $1 trillion worth of orders, making this a 140 times oversubscribed offering, enough to shock even the most seasoned China investor, the FT reports.

That $1 trillion in bids was almost as large as the entire stock-market capitalisation of Apple or Microsoft — the two biggest companies in the world. "It was a ridiculous amount," said Gerry Alfonso, head of research at Shenwan Hongyuan Securities in Shanghai. It is also a testament to how desperate the world has become in chasing yields and return, as well as just how much excess liquidity there is in the market at the moment

zerohedge.com