There's an old saying, look and you'll find what you're looking for. Perhaps nowhere is that more true than in medicine. But then again maybe climate change is another sure-fire area.
Perhaps an exception to the rule today is in the financial markets. If you look for craziness you won't have to look very far or hard. There's more than enough to go around.
"Some Spanish government bond yields dipped below U.S. Treasury bonds, adding another twist to the year of surprises for the world's bond markets," the WSJ recently reported. Now we think technically the U.S. isn't in such great shape. Probably a more apropos description would be something like: An undeclared bankrupt country looking for a proper time and place to come out of the closet.
The U.S. for now still enjoys the international currency of trade, an advantage no other country has. But don't blink too long or you might miss it if there are not some serious and severe structural changes that have a lot more to do with bankrupt leadership than income inequalities or the trumped up caterwauling about the wealthy.
Now Spain, that's another can of beans. Unemployment there, generously noted, is between 20-25 percent, one section of the country wants to secede (Come to think of it, the same thing
is going in the US!), and much more. But we'll spare you the rest and just direct you to this site.
The point is Spanish 10-year bonds are now yielding less than U.S.10-year bonds and no one apparently thinks that crazy.
http://globaleconomicanalysis.blogspot.com/
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