When risk-on turns into risk-off…
US Treasury yields are now lower on the day (1.96% versus 2.035) . Equities are well off their highs (S&P futures 1345 from 1352) and the dollar is firmer across the board (save for the safe-haven JPY…)
Time for our Greek bailout theme song:

AUTOREFRESH 













Fool me once…
http://www.youtube.com/watch?v=8Ux3DKxxFoM
All is well in China, and so with AUD; think again. China Instructs Banks to Roll Over $1.7 Trillion in Debt to Avoid Mass Default. http://www.ft.com/intl/cms/s/0/dc7035dc-553b-11e1-b66d-00144feabdc0.html#axzz1mBooXZ4M
I like Greeks for 9 minutes!!!
Hammersmith Odeon, London, Christmas 1976 gigs – best ever live show. Not least for being a proper venue not some stadium where you need a screen to see there is a live performer!