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Notes to myself, possibly of interest to others.
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Tuesday, May 25, 2010

Shedlock: We have a global slowdown on our hands

Yield Curve March 2008 Through May 2010

click on chart for sharper image

Please note that vertical red oval. This cannot possibly be blamed on North Korea although the economic cheerleaders sure will try.

See Tensions Mount in Asia; North Korea Prepares for Combat; South Korea Won Sinks to 8-Month Low; Futures Sink, Nikkei Hammered Again for details on rising tensions in Asia.

This action in treasuries is not in any way shape or form synonymous with a recovery but rather a global slowdown. Equities are not remotely priced for this event.

---Mish Shedlock, 5/25

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