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: "weather"
Unshakable and Powerful China Has Succumbed not to Recession but to Nature
“Many trees have fallen… and the electric lines are down. It is as if we had suffered an aerial attack or lost a battle. This is a terrible disaster. We’re hungry and cold.”
March 5th, 2008 | Bill Bonner | 0 comments | Continued
