European bond yields still on a negative yield bonanza... That is bond investors are willing to pay euro gubberments to stash their money in those bonds!?

http://online.wsj.com/ar...577520480011435426.html

I dont get it? Africa gubberment bonds are positive and some double digit yields. Why take negative yields?! Yawa!

A wise man changes his mind sometimes a fool never. Time to restrategize, hope for the best but plan for the worst.

http://finance.yahoo.com...ope-says-155504860.html

I wonder if energy stocks will be a good enough hedge

The Libor system, which sets inter-bank lending rates, is "structurally flawed", the chairman of the US central bank has said.

Democratic senator Robert Menendez said the Libor scandal represented the "culture of greed and lying" in the banking world.

Mr Bernanke also called for action to address the massive tax rises and spending cuts looming in the US. If these were not changed, the US could fall into recession, he said.

At the end of 2012 tax cuts brought in by the George W Bush administration are due to expire and $1.2 trillion (£770bn) in automatic spending cuts will take effect.

Central bank chairman Ben Bernanke told US senators that the fiscal cliff, as it is known, needed to be tackled "sooner rather than later".