Nowhere to run to baby…..

Posted on 08/09/2011

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…..Nowhere to hide.

Take a look at the 10 year

A stones throw from the 2008 highs and already above last year’s (pre Jackson Hole/QE2) levels.

Here’s the 30 year (with a 25 year time horizon): Also above last year’s levels, just below the 2008 levels and well above the Asian crisis levels in 1997. It’s good to have a frame of reference and realize that the US bond market is where smart money plays.

Something’s rotten in the state of ________________________ . (take your pick)

Lastly, take a peek at the Swiss Franc. A lot of good that “intervention” did last week huh?

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