Bond Babies

Quick note: quit bitching about yields lifting off the floor. Considering how retarded this economy is, we are blessed with incredibly low rates. For those of you who believe rates are about to take off, you need to go fuck yourself with some sort of poisonous cactus. That shit isn’t happening, when you have double digit declines in commercial construction.

Once the big auctions are out of the way, yields will settle down and we can get back to the business of stock market manipulation.

As for the Greek bailout: what a joke. They need to cut spending by 25% or face default. They will not be able to grow out of this hole and any short term funding, from the EU or IMF, will only serve as a bandaid solution. Spain is next.