Bank of America Concerned About “Double Bubble”

The fact that Bank of America has come out and said that they are worried about a bubble being created that may burst with both stocks and bonds is pretty curious, as at first glance you wouldn’t think either is suspect, at least if you understand a


Goldman Sachs opens bank branch in South Africa

It will offer fixed-income products, including foreign exchange and South African government securities, to corporate and institutional investors, and has executed its first transactions with clients.