Flight to quality?

Since June, bond yields have fallen to the point where the U.S. government is getting paid to borrow money right across the entire yield curve. The 10-year is 3.8%, while inflation in the U.S. is 5.6% . What gives? This is either a flight…

Writedown news: 21 Aug 2008

Below are the latest writedown stories from the web that I have seen. For the full timeline of news, visit my credit crisis timeline. Bloomberg recently updated their tally of writedowns to arrive at $503.8 Billion to date. That is on…

Round-up: 21 Aug 2008 – lite version

Oil surges above $120 as tensions rise - Fin 24 (A bit of a delayed reaction, if you asked me. Oil gapped way up $5 today. Huge move. Last I saw it was at $121)Lone Star Funds to take over IKB - BBC News (So I guess American buyout shops…

Chart of the day: Total US Debt

Back in May, I showed you a chart of Total U.S. Debt which demonstrated that the United States was an increasingly indebted country. This chart was for all domestic debt minus financials and it topped out at about 225% of GDP. Below is…

Jobless claims: 432,000, down 12,000

U.S. jobless claims were down 12,000 this week to 430,000. However, the 4-week average increased to 445,750 and is now 125,750 higher than a year ago. Over the past 4 or 5 weeks, claims have spiked up in part due to the extension of…

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