I see the Eurozone getting into big trouble way before the US. Within the Union we have some banks that could initiate a spreading credit event of larger scale. Then there are the usual candidates like weak pension fonds etc....

kytt

CBs can't control the entire bond market for long. I think there will be a bigger sell off further down the road that could break some of the bigger fiat ponzis by provoking an incredible monetary intervention

TomK

econ

Government bonds: after the crash, now the planned theft of purchasing power

So will central banks hold rates higher to keep investors interested and gov debt funding going; or reduce rates to make gov debt funding cheaper? I cant see how they do both?...