bubble, it is said very loudly, certainly. but the cost of developing debts can be overestimated already. if all sorts of pension funds increase their share in these markets, fairly narrow market, then the releases will be of less and less quality. yes and then, some comrades seriously believe, that the share of liabilities of emerging markets should correspond to their share in world GDP….
if the pension fund is really going to make money, not steam, then you need to buy an underwriter, which really will not keep the bonds themselves on the balance sheet. only release and release.
By the way, securitization, she is not dead for long. somehow need to be financed. and very likely, what options will go on the topic of all kinds of convertible bonds, etc..
