Worried about the Monday open? You probably should be, but really, the S&P downgrade isn’t the big worry.
It’s Italy.
Italy has the third largest bond market in the world (after the US and Japan), and it’s teetering on the brink of disaster.
The …
The silence is deafening. While the rest of the nation is heading back toward a double dip, Washington continues to obsess about future budget deficits. Why?
Republicans don’t want to do anything about jobs and wages. They’re so intent on unse…
Whenever I unleash a tirade at home about how Federal spending has leaped 40% in three years and how the government is now borrowing 42% of its spending, my wife points out that nobody cares because the deficit doesn’t impact them at all. This alwa…
With both the Fed and FCBs buying longer Treasury paper the best they could do was to keep yields from rising. Everybody else it seems…
From Charles Hugh Smith…
The Fed has galloped into a box canyon with no escape; no matter what it does, QE3 will “disppoint” the markets.
I think we can safely predict that “Quantitative Easing 3” (the next round of fiat money creation) will “d…
The Treasury began to pay off the weekly $25 billion in SFP CMBs this week resulting in a net paydown of $12 billion at Thursday’s…
January 29, 2011
Stocks and Bonds, Parting Ways
By PAUL J. LIM
SINCE the financial crisis, bad news for the bond market has generally meant trouble for stocks.
That’s because equity investors have looked to corporate and foreign bonds to gauge the…
Global Bond Growth Rate Decelerates to Pre-Crisis Levels: Credit Markets
By Sapna Maheshwari –
Jan 20, 2011 7:02 AM ET
The global bond market’s expansion is slowing for the first time since 2005 as governments withdraw stimulus and credit conditio…
A Fed-Induced Speculative Blowoff
Why are Treasury yields rising despite hundreds of billions of Treasury purchases by the Fed?, queries John Hussman. The current debate says the Fed’s policy of purchasing Treasuries has caused yields to rise in the …
Link
To da floor.
