Specter of Another Bond Crash Haunts Asia

Kim Choong Soo is seeing ghosts, and that should scare you.

No, the Bank of Korea governor isn’t seeing ghouls or hearing things that go bump in the night. The nightmare preoccupying him involves Alan Greenspan and what traders call the Great Bond Market Massacre of 1994. Kim worries that history is about to repeat itself, potentially devastating Asian growth rates.

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