Consumer Confidence Dives; Treasury Yields Plunge to April 2009 Levels; An Economic Depression is Here - Congress, the Fed to Blame
The week is not over yet but this looks rather ominous. Treasury yields are back where they were in April of 2009 at the start of the so-called "recovery".
More here from Mish's Global Economy
Big Call From Jeff Gundlach: "The US will 'Politely Default' on its Debt"
“If the world starts to behave differently,” he said, “you need to sell immediately, because you don't have much time. So I suggest that all of us watch the way the markets react to bad news regarding risk. If their behavior changes, you have to sell very, very quickly.”
Gundlach is full of doo-doo but the comments are prescient and a riot.
Click here for more from Zero Hedge
No comments:
Post a Comment
waddaya think?