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Daily Archives: August 18, 2011
Bond yields fathom fresh lows
In the last recession, bonds yields bottomed in December 2008 when the 10 year treasury yield bounced at 2.074. Global stock markets bottomed 3 months later in March 2009. This morning the 10 year treasury yield took out that previous … Continue reading
C$ breaks down: will gold follow again this time as it did in ’08?
Interesting study of the close correlation between gold bullion and the Canadian dollar over the past cycle. Technician Cory points out the ominous gap at the far right now between bullion still up and the C$ down today. Will bullion … Continue reading
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Global recession begins and ends with the US consumer
Stephen Roach, the non-executive chairman of Morgan Stanley Asia, on why the US consumer is not able to lift the global economy.
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