Tuesday, 21 August 2012
Everybody will still remember the devastation of the global economic recession of 2008/2009. Guess what, the 30-year US treasury yield is currently back to the level it reached in the midst of the crisis. Pretty remarkable since there is no large global recession at the moment, although lots of gloomy indicators all over the world and some countries indeed in negative territory. Malaysia seems to have escaped the gloomy mood, most likely caused by the recent economic stimulus.