Charts of the Week Topics Covered This Week Include: What Is The All-Time Low 10-Year Yield? What Is The All-Time Low 10-Year Yield? -2 Where Have All The Bulls & Bears Gone? Where Have All The Bulls & Bears Gone? Earnings Preview … Still Not Good Housing Charts An Updated Look At The Credit Markets… Continue reading Charts of the Week
Bloomberg.com – Treasury 10-Year Yield Falls To Record Treasury 10-year note yields fell to a record low as investors sought refuge from the deteriorating credit conditions of European sovereign borrowers. The yield reached 1.6713 percent, less than its previous all-time low of 1.6714 percent on Sept. 23, as controversy about Spain’s plans to fund a… Continue reading What Is The All-Time Low 10-Year Yield?
<Click on chart for larger image> MarketWatch.com – 6 reasons Spain will leave the euro first Commentary: Spain is too big to rescue, and doesn’t want it anyway The euro debt crisis, like any really spectacular geoeconomic event, is spawning its own special vocabulary. We’ve already had Merkozy, now relegated to the footnotes, and are… Continue reading Worries Over Spain … SPexit?
Bloomberg.com – Greek Exit From Euro Seen Exposing Deposit-Guaranty Flaws The threat of Greece exiting the euro is exposing flaws in how banks and governments protect European depositors’ cash in the event of a run. National deposit-insurance programs, strengthened by the European Union in 2009 to guarantee at least 100,000 euros ($125,000), leave savers at… Continue reading Grexit
Zero Hedge – InTrade Euro Exit Odds By Year End: 40%… And Some Pair Trade Arbs With the EUR imploding following the recent note out of witchhunt target extraordinaire Egan-Jones, and the apparent inability of the ECB to handle the sandtrap on the 18th (they were supposed to announce the magical mystical bailout announcement 20… Continue reading The Troubled Euro
The Financial Times – Martin Wolf: The riddle of German self-interest How, I wonder, do Germany’s policy makers imagine they will halt the eurozone’s doom loop? I have two hypotheses. The first is that they believe they will not. They expect that life for some of the vulnerable economies will become so miserable that they… Continue reading Germany And The Eurozone
MarketWatch.com – Ireland expected to back EU’s fiscal compact Ireland is expected to ignore warnings of further austerity and back tighter, European Union–imposed budget and debt controls in a referendum Thursday, as it seeks economic stability through future access to the EU’s emergency funds.The Irish government agreed to the tough rules on taxes and spending… Continue reading Ireland
The Wall Street Journal – EU Proposes ‘Banking Union’ The 17 countries that use the euro should consider setting up a “banking union” that allows them to share the burden of bank failures, the European Union’s executive arm said Wednesday in a report on the currency union’s crisis-fighting efforts.To further stop expensive bank bailouts from… Continue reading Sharing The Burden Of Bank Failures In The EU
MarketWatch.com – Paul B Farrell: Warning: America’s new Age of Austerity starts now Warning, tighten your belts, America’s new Age of Austerity is already here, today. There I said it. I admit it. And you better too. Prepare now. Could be like the 1930s depression austerity. You’ve seen the warnings all across the major newspapers… Continue reading Austerity In The U.S.
<Click on chart for larger image> Forbes – Housing Double-Dip Worsens As Prices Fall To New Lows; Recovery Nears The feared double-dip in housing markets continues to grow deeper, with the Case-Shiller indexes hitting new post-crisis lows, reversing back to levels not seen since mid-2002. The rate of decline appears to be slowing, though, leading… Continue reading Home Prices Fall Again
<Click on chart for larger image> MarketWatch.com – Sizzling natural gas may be summer fizzle A double-digit pop for natural-gas futures puts them among May’s best performing investments, but for the notoriously volatile and weather-dependant commodity, timing is always the trickiest part. Natural gas slipped under $2 per million British thermal units in April, to… Continue reading Natural Gas
Real Time Economics – Global Inflation Cooled in April The annual rate of inflation across developed economies fell again in April as oil and food prices rose more slowly. Figures released by the Organization for Economic Cooperation and Development on Tuesday showed consumer prices in its 34 member countries rose 2.5% in the 12 months… Continue reading Global Inflation Slows