Global Central Banks Go to Defcon 4 - “Fire up the printing presses, gang!” Or at Least Swaps
http://confoundedinterest.wordpress.com/
Look at Euro bond yields versus US yields. US yields actually ROSE. IT ISN’T A LIQUIDITY PROBLEM, IT’S A SPENDING AND DEBT PROBLEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Remember the "liquidity" sophistry in 2008?