How Bonds Ate the Entire Financial System

A very short, very wild history of the market that will shape the next financial crisis. Financial Times: Bonds have long been considered the most boring bit of finance. They occasionally crop up in literature, almost always as a signifier of dreariness. The Great Gatsby's narrator Nick Carraway was a bond salesman and Sherman McCoy in Tom Wolfe's The Bonfire of the Vanities traded them. Bonds have never figured in the popular imagination in the same way as stocks, say, or corporate M&A. The