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Barry speaks with Robin Wigglesworth, editor of Financial Times' Alphaville blog and author of the new book 'A Fabulous Debt: The Epic Story of How Bonds Built the Modern World'. They discuss the bond market as the engine of the global economy, why the 30-year mortgage is "a miracle of the modern world," and when we should actually start worrying about US debt.
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Ive looked into bond etfs, theyre all losing NAV and i dont see many that have gone in the green over time. Maybe now is a bad time or im not looking well enough.