The most important financial instruments on Earth — long-term bonds issued by sovereign governments are the next victims of too much government debt, including U.S. Treasury Bonds.
Greek government bond collapse the first victim and spreading
On October 8, 2009, Greece’s benchmark 10-year bond was selling for 112.295. Today, it has collapsed to 92.13.
And the drama of its yield surge is even more striking — from only 4.41 percent to 7.14 percent, a jump of more than 60 percent in less than four months.
Portugal’s 10-year government bond reached a peak …

The unemployment report on Friday was simply a disaster.
Based on the government’s payroll survey, the economy shed 85,000 jobs in December, many more than analysts had expected.
Worse, based on its separate household survey, the government reported that the job losses in December were 589,000 — over SIX times more.
So which of the two figures is more accurate regarding the true number of jobs lost last month — 85,000 or 589,000 jobs?
According to John Williams’ Shadow Government Statistics, it’s clearly the latter. Strip out the faulty seasonal adjustments from the government …