Alternatives needed to boost bonds

In these days of technological revolution and the associated increases in productivity, one of the most crucial features of the new economic world is often overlooked. Governments and central banks have embarked on a course of extreme fiscal and monetary prudence, the like of which has never been seen before. The introduction of the euro placed upon formerly delinquent administrations a heavy burden of fiscal restraint. Who would have predicted, in years gone by, that countries such as Italy, Spain or Greece would impose financially painful yet prudent measures on its people? Indeed the...