A bond MASSACRE is approaching
The flight from fixed-income is accelerating... Investors are withdrawing massive amounts of money from bond funds...

Top analyst Whitney stands by controversial call: Prepare for massive defaults and social unrest
"We're looking at the numbers. This is how it plays out." 

Baltic Dry Index Drops Another 1.9%, Hits 1,795

 

Fitch Downgrades Hungary To BBB-, Forint Plunges, SovX Surges

 

Difference Between AAII Bullish And Bearish Sentiment Highest Since 2004

 

Why The Fed Is Extending Its Central Bank Dollar Swap Lines

 

Crude Passes $91, As $100 Billion In US GDP Is Wiped Out In Minutes

 

"Government liabilities rose $2 trillion in Fiscal Year 2010: Treasury". The United States is bankrupt. This isn't a long story, either... and the link is here.



The Not So Funny Funnies