When it comes to the bond market what the players are after is cheap money.
But there was in fact no need for public works, since cheap money would have the same effect by increasing private investment.
The big guys have found cheaper money from banks and through commercial paper.
The key was the cheap money provided by central banks.
The era of cheap money may finally be nearing its end.
Advances in technology should make managing money cheaper over time.
Both those changes would help the cause of cheaper money.
We can now be sure that easily accessible, cheap money does not create stable growth.
It is opening up the path to cheap money in a number of states.
We have to look at late payments and access to cheap money.