Even so, say the authors, the mechanics of death-spiral bonds were not necessarily the cause.
ECONOMIST: Lawyers turn their attention to ��death spiral�� bonds
Other writeoffs besides those on stocks and bonds are at risk at death.
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That is why the death of Kim Jong Il has opened a rare opportunity that bets on these bonds could pay off.
WSJ: North Korean Bonds? Now Could Be the Time
Thus someone needs to be buying lots of bonds in order to keep prices up and yields down, to stop this death spiral happening.
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