"I am wary of the constant suggestion that futures markets are “predicting” rate cuts. Contrary to popular belief, futures markets really don't predict anything. Institutions and corporations exposed to rate movements use interest rate futures as a hedging tool to “lock in” rates. Clearly global uncertainty has led to fear that rate cuts might be necessary, which is why hedging has become more urgent. Such activity has pushed rates down. But by the same token I could say that a rise in the cost of fire insurance premiums implies more people are predicting their houses will burn down." Join discussion...

We can hear the money printing machines turning on... Join discussion...

Will the US lawmakers not raise the debt ceiling? Or will they not? Join discussion...

Bank for International Settlements (BIS) said, "We should make no mistake here: the market turbulence surrounding the fiscal crises in Greece, Ireland and Portugal would pale beside the devastation that would follow a loss of investor confidence in the sovereign debt of a major economy" Join discussion...

Start of a new trend? Join discussion...

The world's largest bond fund is betting against the 'safest' bond- US government debt. Join discussion...

Another wave of stock market correction is coming... Join discussion...

"Last July, NSW Treasury estimated that the state’s net debt and unfunded superannuation liabilities would rise from 100.5 per cent of total revenues in June 2011 to 108.3 per cent three years later. But in January, these forecasts got much worse. It’s now predicted that the state’s debt to revenue ratio will increase from 105.8 per cent in 2011 to 112.0 per cent by June 2014." Join discussion...

Even a small fall in commodity risks the Australian government's budget position. Join discussion...

Meredith Whitney has done it again, turning Wall Street against her with a contrarian call, this time on municipal bonds. Join discussion...