Global Yield Curves

Gold remained lower last week amidst the Euro strengthening as investors continued to cur their positions in Euro-gold. Moreover, lowering inflationary concerns in the US also reduced golds inflation hedge demand. Gold tracked losses in other assets after a drop in consumer sentiment index and falling TIC flows battered equities which resulted in the benchmark MSCI world index for stocks closing more than 2%.

I mean this is the S&P chart we are talk about.

You I also did think there was something funny with that chart!

But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.

Stationdealer, those percentage increases are wrong. The trough-to-peak gains are 10%, 8% and 7% and not all 5%.

Ashraf

http://www.ritholtz.com/blog/wp-content/uploads/2010/07/Dow-3-month-chart.gif

Watch this chart!!!!!
Tell what will happen next?

Beware Technical Trap, Lower Lows in S&P

-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)

read more

http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/

A snapshot of borrowing in major sectors expected to take place over the next three years or so. Experts worry that the amounts are so large it could leave the weakest borrowers, including some governments, without access to funds, possibly triggering another economic downturn.

http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html

FOMC tweaks lower growth and inflation outlook
by Peter Boockvar

Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk

Nice interactive map from Dismal Scientist (Moodys) showing the state of recovery of various nations:

http://www.economy.com/dismal/map/default.asp

next

http://www.youtube.com/watch?v=ct4BxPxRBO0

the cuddle report.