Stacy Summary: Thanks for the great headlines.
Huge gilts row barely registers as UK sleepwalks into stagnation (h/t Mike/Liverpool)
Europe braces for credit card defaults (h/t Mongo)
Kevin Rudd warns interest rates to rise fast (h/t Mini US)
Chinese steelworkers beat manager to death (h/t Wilson)
Oil: The market is the manipulation (h/t Lord Rothschild)
Tags: chinese steelworkers · credit card defaults · gilts · kevin rudd
Stacy Summary: These headlines contradict any pronouncements on ‘green shoots’ and ‘bottoms.’ Speaking of bottoms, did you see the Bruno / Eminem clip? You will have to hunt that down for as soon as it goes up on Youtube, Viacom has it taken down. Also, I am looking for interesting New Zealand, Australian and/or other [...]
Tags: black swan · bond vigilantes · bradford & bingley · fdic · gilts · hyperinflation
Stacy Summary: The global currency and sovereign debt grid are once again in today’s headlines; and those headlines are ominous for the economic futures of US & UK.
China sold US Treasuries heavily in January and February
Are bond market vigilantes saddling up?
China must make yuan convertible to extend influence
Baugur properties transferred to its chairman’s personal [...]
Tags: Add new tag · baugur · bond vigilantes · channel islands · china · enron · gilts · goldman sachs · iceland · jon asgeir Johannesson · nanomaterials · us dollar · US treasuries