Dieser Unterschied hinsichtlich der erwarteten realen Rendite ist ein Maß für die außergewöhnliche und irrationale Panik der Anleiheinvestoren.
That six-percentage-point difference in anticipated real yield is a measure of bond investors’ extraordinary and irrational panic.
Die irrationale Energiepolitik des Landes, die auf enorm verschwenderischen Subventionszahlungen an die Verbraucher beruht, muss grundlegend geändert werden.
The country’s irrational energy policy, based on immensely wasteful subsidies to consumers, must be fundamentally altered.
Die Sorge ist, dass in einem niedrigen Zinsumfeld das irrationale „Renditestreben“ der Anleger Verzerrungen im Finanzsektor anheizen könnte.
The worry is that in a low-interest-rate environment, investors’ irrational “search for yield” fuels financial-sector distortions.
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