Rio Tinto’s latest iron ore trading network

One of the reason why Australia was able to stay out of the economic crisis is due to China’s interest in Australia’s resources. Regardless of past criticisms, the trade and business between the two countries…

Just an Illusion: Economic Recovery

It is easy for the few to influence and create an illusion for the many. With the economic crisis, many governments are eager to project a sense of recovery- a fake confidence. Bob Chapman examines…

The FRB’s “Operation Twist”: Europe and America Grim Economic Prospects

Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields.The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective? We may never know, because the Fed hides what they do not want anyone to know. These results might not seem important but US Treasury instruments are the foundation of the global monetary system.