Our FEATURE today focuses on the $40 Trillion US bond market which is one-in-a-half times larger than our equity markets. A major article in the Wall St Journal says that this gigantic debt trading arena is now subject as never before to price reversals and disruptions. The devaluation of currencies and debt defaults threatens to create a global monetary crisis. Other topics include: A Bottom in the Commodity Market?, Bankruptcies in the oil patch, a re-evaluation of John Maynard Keynes, Xi's visit to the US, The Pope, John Boehner , the Jefferson Prophecy and Monica Crowley.
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