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Economy - International

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Article Image News Link • Global, Michael Pettis

For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still have a very long way to go.

Article Image News Link • Global, by Tyler Durden

We warned that the shine was coming off Draghi's rally late last week but since mid-morning on Friday, Spain's 10Y spread has risen a very notable 36bps and the 10Y yield has just broken back above 6% for the first time in over two weeks.

Article Image News Link • Global, by Staff Report

It has been a puzzle to us why the United Nations would want to encourage alternative currencies and why there has been a surge of feedback comment on alternative websites about "usury" and the evils of interest.