elwind45

FedEx, Royal Bank of Scotland, Tell the Real Economic Story

And then rates rise in rest of world. The dollar continues its fall ( being held up to allow large overseas bond holders to cash out) to new lows. The trade doesn't benefit from falling dollar because trade is down.(higher world rates) forces our bond market to sell off because lack of confidence with dollar. Level 3 assets are the rot in the system, and will force a re-pricing of risk! Central bank is full of junk bonds ( how could it not be)??