Mish's Global Economic Trend Analysis |
- Record Low Yields Once Again on US Treasuries
- Germany in Recession: Private Sector Sees Fastest Falls in Output and New Business Since June 2009; New Export Orders Collapse
- Mish on Capital Account: Discussion of Social Media Panic in Italy, Soaring Yields in Spain, and the Upcoming 20th Euro Summit, Bound to be Another Failure
Record Low Yields Once Again on US Treasuries Posted: 24 Jul 2012 12:18 PM PDT Curve watcher's anonymous is noting record low yields across most of the US Treasury yield curve. US Treasury Curve 2012-07-24 click on chart for sharper image The above image is just off the absolute lows. The 30-year touched 2.45% and 10-year 1.39%. Legend
Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List |
Posted: 24 Jul 2012 08:28 AM PDT The vaunted German export machine is sinking into the abyss. The Markit Flash Germany PMI® shows German private sector sees fastest falls in output and new business since June 2009. Key PointsFlashback January 09, 2012: Dimwit Comment of the Day: Christine Lagarde, IMF Director says "Europe May Avoid a Recession This Year" In what is likely the silliest comment of the year so far, Christine Lagarde says Europe may avoid recession this yearFlashback January 12, 2012: German Economy Contracts in 4th Quarter; Spain's Industrial Output Plunges 7%; UK Trade Deficit Widens; European Banks Wisely Hoard Cash If Europe heads into a prolonged recession (and it has already started), Germany cannot help but get sucked into it. Approximately 28 percent of German GDP is derived by exporting goods to EU countries and Switzerland.Flashback February 23, 2012: Don't Worry, It's Only a "Mild Recession" The economic clowns in the EU have finally acknowledged something that was blatantly obvious at least six months ago (and a lot longer if one factored in the likely effects of multiple austerity programs in numerous countries).Such nonsense went on for months actually. Economists were behind the curve every step of the way even though it should have been blatantly obvious what was about to happen. Global Recession Revisited On July 6 I wrote Plunging New Orders Suggest Global Recession Has Arrived Clearly I am not changing that prognosis although I do wish to reiterate the definition of "global recession as per my post Case for US and Global Recession Right Here, Right Now; Recognizing the Limits of Madness; Permabears? Contrary to popular myth, recession does not mean two consecutive quarters of economic contraction. Rather, two consecutive quarters of economic contraction is a sufficient, but not necessary condition.Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List |
Posted: 24 Jul 2012 12:20 AM PDT I had the pleasure of being back on Capital Account with Lauren Lyster on Monday for a discussion of social media panic in Italy, soaring yields in Spain, and the end of the line for Greece. I come in at about the 18 minute mark, but positioned the video to automatically start play at the 17:15 mark, which is the start of the segment. That way you can hear a brief introduction from Lauren. For detailed information about the discussion in the above video, please see...
Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List |
You are subscribed to email updates from Mish's Global Economic Trend Analysis To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |