by Dave in Denver:
"...It's all fairy tales and fantasy anyway, but when the fairy tale turns into a horror story - for real - you have problems. And we have big problems right now. The economy is collapsing - GM and Chrysler badly missed sales estimates, all the manufacturing data is coming in substantially weaker than expected by our resident TV Einsteins, like Zandi, and housing is doing another el cliffo.
"But what really should be jerking people from Lego Land and into Friday the 13th is the Treasury bond market. The yield on the 10-yr Treasury is at a record all-time low and the yield on the 30-yr Treasury - the Big Daddy - is below it's lowest point during the Lehman crisis. That's not just warning signals flashing, that's the equivalent of financial nuclear air raid sirens going off..."