James Carville, a political adviser to Bill Clinton, famously ranked the bond market above being president, the pope, or a baseball player on his list of things he would want to be reborn as. “You can intimidate everybody” he argued in 1993. Fixed income investors continue to be demanding stakeholders over three decades on. But although spendthrift governments are wary, they are not taking recent warnings from their creditors seriously enough.
比爾?克林頓(Bill Clinton)的政治顧問詹姆斯?卡維爾(James Carville)發(fā)表過一番著名的見解：他最希望在下輩子成為債券市場，超過總統(tǒng)、教皇或棒球運動員。“你可以嚇倒所有人，”他在1993年這樣說道。30多年后的今天，固定收益投資者仍是要求苛刻的利益相關者。然而，盡管支出過度的政府保持著警惕，但他們沒有足夠重視債權人近期發(fā)出的警告。
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