US 10yr note yield finally falls sub 2% - new lows...
Gold continues with highs in asia testing $1845 i.e. $155 away from $2000.
SNB dipped into US Fed bank FX swaps of $200M yesterday. Dexia bank (Belgium) took out $500M of last resort borrowing. The liquidity ground is shaky and wild moves in equities & fx will be experienced soon when swaps turn into the billions.
A number of global brokerage firms & lame stream media are talking of US sliding back into recession & taking the rest of the globe with it. As if we got out of recession as some officials claimed back in Nov 2009 with words like v-shaped recovery etc. Bure kabisa.
Stagflation is what we'll get for extending & pretending the ponzinomics.
http://www.dailyfx.com/f...ry_yield_record_low.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!