Bonds are selling off as June contracts are close to expire …
WHY???
Inflation is ramping, credit crunch seems managable … so the Hedges are SOLD.
And now the speculation starts … WHAT’s NEXT???
Interest rates HAVE TO RISE!!! Next step of FED and ECB will be UP … a rate HIKE!!!
This is reflected first in selling of long […]

Weekend ahead … time for weekly charts
Euro and OIL are working on a reversal today … EXACTLY at their targets …
Both had a nice uptrend, starting the second half of JULY 2007 …
the time, when everybody got aware of the huge problems within the financial system in the USA and this was the […]

Looking at Axel Weber’s comments, telling the world, that there is NO possibility of an ECB rate cut in current inflationary surroundings,
yes, he is reliable, but who does remind him, that 1987 the German Bundesbank triggered the crash by hiking rates???
Sometimes you need flexibility
Even worse in its long term implications could prove, that […]