Globally the bond bubble has grown by more than $20 trillion since 2008. Today it is north of $100 trillion, with an additional $555+ trillion in derivatives trading based on it.
Submitted by Tyler Durden on 07/17/2009 07:40 -0500
Horrendous GE numbers, expect a whole lot of nonsense from CNBC today - here is also why GE Capital is praying for a CIT bankruptcy (Bloomberg and Reuters also Zero Hedge)
Chinese bond troubles: the most data-manipulative country unable to sell bills for third time in two weeks (Bloomberg)
California budget talks collapse, junk downgrade approaching (Bloomberg)
Dismantling the Temple: How to fix the Fed (The Nation)
And no green shoots here either: Bank of America credit losses soar (Reuters)