The One Instrument That Has Relative Political

It Is Hard To Imagine That, Having Downgraded The Us, S & P Will Not Follow Suit On At Least One Of The Other Members Of The Dwindling Club Of Sovereign Aaas. If This Were To Materialise And Involve A Country Like France, For Example, It Could Complicate The Already Fragile Efforts By Europe To Rescue Countries In Its Periphery.

How Long Can Interest Rates Stay Negative? Think About This. Not Only Are You Lending Your Money To Governments, But You're Paying Them Interest For The Privilege Of Doing So.

[when] The Market Is Trying To Get To Terms With, First, Lower Global Growth, Particularly Out Of Emerging Markets And China. And, Second, The Market Is Worried The Central Banks Have Run Out Of Ammunition. So Put These Two Things Together, And Then Investors Are Repricing The Market Lower.

We Normally Think If You're Going To Lend Someone Money, You Should Get Some Reward For Doing This. In Europe, It's A Tax!

The World Is On A Bumpy Journey To A New Destination And The New Normal.