Sunday, 17 October 2010

Treasury 30-Year Yields Rise Most in 14 Months on Prospects for Inflation
Treasury 30-year bonds tumbled, pushing yields to the biggest weekly increase since August 2009, on speculation that Federal Reserve efforts to spur the economy will reignite inflation.


Gold Spikes to $1384 as Dollar Sinks on Bernanke Speech
Gold and silver both spiked sharply at the start of New York dealing on Friday, briefly nearing yesterday’s record levels as Federal Reserve chairman Ben Bernanke spoke on monetary policy, and the US Dollar sank.

G20 protester barred from speaking to press as condition of bail
A man accused of having incited violent protests at the G20 economic summit in Toronto last June has been subjected to what his lawyer describes as “staggering” bail conditions.

France on brink of fuel shortage as strike bites: Sarkozy sends in police to break fuel blockade
Strikes spread to all France’s refineries today, raising the prospect of a nationwide fuel shortage.

Is The Congress About To Pass A Bailout, And Save The Banks From The Mortgage-Putback Crisis?
It was a depressingly news-filled week for bankers on the mortgage front.

MIT Warmist Throws in the Towel! ‘Global warming not worth the fight
‘Costs of mitigating climate exceed benefits’ — ‘There is little point in surrendering our national economy to green adventures’.