Oh No…
Treasury Yields Drop to Record Lows as Recession Concern Rises
http://tinyurl.com/66nnvz
“Nov. 20 (Bloomberg) — Treasury yields declined to record lows, with two-year notes dropping below 1 percent for the first time, as global stocks slumped and a deepening recession drove investors to the safest assets.”
The air is being sucked out the room.
A Sea of Unwanted Imports
http://tinyurl.com/5m65s9
“And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.
“This is one way to look at the economy,†Art Wong, a spokesman for the port, said of the cars. “And it scares you to death.â€
