In the news:
http://business.financialpost.com/investing/worst-bond-crash-in-30-years...
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/116663...
Torygraph reporting that Quantitative Easing in the eurozone has gone horribly wrong, ties it in with a report written on behalf of HSBC that warns that in any next recession, states lack the necessary fiscal lifeboats to deal with crisis.