Monday, June 28, 2010

Unemployment Benefits- hot topic!

Check out the top 20 list from Alexa,


Hot Topics

When you have young, savy internet users looking up unemployment benefits, it's pretty clear that the so-called "recovery" is just an illusion.

At the same time, you gotta wonder why everybody cares so much about Pinta Island turtles all of sudden...

Wednesday, June 2, 2010

Brazil facing Greece-like difficulty?

Mentioned at Zero Hedge, Brazil's long dated government bonds (due 2021) have had a failed auction. It's interesting how little news coverage this has gotton.

The Brazilian currency however has fared OK. Perhaps this isn't so big of a deal in the eyes of institutional traders. Given the highly negative correlation of USD/BRL to US stock indices, it does look a bit scary, given the last big volatility hike (late 2008) occured at similar exchange rate.