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All too often, an acquisition motivated by the allure of a specific brand, such as PepsiCo's purchase of Quaker Oats to obtain Gatorade, also brought a legacy—from breakfast cereals like Cap'n Crunch to dinner favorites like Rice-A-Roni—that complicated the portfolio manager's task.

Capitalism doesnt work on paper..  Communism does..  Capitalism works in practise..  Communism doesnt...

Why aren’t bond investors reacting with more alarm to the process of money creation?  One possibility is that, with inflation and deflation both plausible consequences of a debt crisis, investors are spreading their bets, buying gold as a hedge against the former and bonds as a hedge against the latter.  Another factor is different time horizons. Inflation may be the eventual result of QE in a few years’ time. But in the short term the risk appears to be deflation.