The financial crisis upended a lot of things about the established order. Swaggering bankers were brought to their knees. Spendthrift Americans started saving—briefly. A decades long deregulatory fetish in Washington fell out of fashion. And people started dumping stocks, and buying bonds.
But that was then. Bankers are no longer bashful, especially about eviscerating attempts to regulate their industry. Rates of American saving are back to their normal low levels. And now it seems, their single-minded focus on bonds is abating. Check out this chart, from Deutsche Bank analysts.
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