The big news yesterday was the sell-off in the bond market. “All eyes on sudden spike in US Treasury yields,” says the headline in the Financial Times. The yield on the U.S. 10-year note rose above 3% for the first time in three months. The two-year note, meanwhile, moved above 1% yield. What does it mean? We are bearish on U.S. government paper – in all its forms…
February 11th, 2009 | Bill Bonner | 8 comments | ContinuedAll Posts Tagged With: "automarkers"
Housing Prices Are Still Going Down
The latest news from America tells us that housing prices are still going down in 4 out of 5 cities. Homebuilders’ wives are hiding the shotguns and pouring out the whiskey…
November 20th, 2008 | Bill Bonner | 6 comments | Continued