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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Monthly Archives: July 2012
Barclay’s LIBOR-fixing reflects cesspool culture of global investment banks
The world is reacting in “shock” at the LIBOR-fixing flap at Barclays. The truth is that this manipulation has been happening for years. I first heard stories about interest rate fixing as far back as 2007. Hell the world’s … Continue reading
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UKIP’s Nigel Farage on EU Summit “breakthrough”
Here is a direct link.
US economy contracts in June
Mesmerized by the parade of naked emperors populating press conferences in Europe, the business media continues its trademark rear view today proclaiming June the best stock market gains since 1999 (infamous peak anyone?). This morning we learn that the US … Continue reading
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