The US is on the verge of becoming 'the world's largest exporter of plastic decorative bananas' to clip a phrase from this morning's email update to subscribers. Well, Larry Summers certainly did his part to get a lot of people fretting that possibility right now after just weeks ago sooth-saying t ... Read more

Given that Bernanke's green shoots are withering on the vine it was a sure bet that someone else would find another feel good term to describe what is essentially not happening. That term is "pre-recovery". Please consider Treasuries Fall as Reports Show Improved Manufacturing Outlook . T ... Read more

Japan intends to raise $109 billion. It needs the money to try to halt the slide of its economy which, so far, has performed worse the most in Europe and North America. The market for raising sovereign debt is getting crowded, with the US pushing Treasuries at a record rate and the UK and other ... Read more

Barrons thinks that the yields US Treasuries are too low and are due to bounce this year, causing a major correction in the bond prices. Amongst the reasons cited are strong gold prices: One sign of trouble for Treasuries is the resilient price of gold, which has risen $150 an ounce since late ... Read more