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Global bear rally will deflate as Japan leads world in sovereign bond crisis

By Implode-Explode Heavy Industries

"The contraction of M3 money in the US and Europe over the last six months will slowly puncture economic recovery as 2010 unfolds, with the time-honoured lag of a year or so. Ben Bernanke will be caught off guard, just as he was in mid-2008 when the Fed drove straight through a red warning light with talk of imminent rate rises ?"

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2010 (boomark / email).