There are no clear answers, given the fluidity of the situation and uncertainty over whether violence will spread further...

Bill Gross, Nassim Taleb and Jim O'Neill believe T-notes could post losses comparable or even worse than those seen in 1994 due to the FED policy...

This is often the argument put forward to deal with the debt ! The acceleration in inflation would iron out all the root causes of the crisis or even make them disappear, the economy then suddenly regaining its lost virtues.

It is always sobering when one of this writer's year-ahead predictions appears obsolete after only a few days. And it was only last week that his belief that policy may remain easy during 2011 already started to be questioned