Sugar closed lower as the ISO continued to estimate big production and big supplies around the world. The close was weak and implies that further losses are coming.
In the last 24 hours the bonds have had quite a range falling as low as 142’08 as the market sold off based on comments from Fed Chairman Bernanke that the possibility exists that the Fed may slow down bond purchases by September.
A financial crisis is almost certainly in the cards for Japan, and it is just a question of timing. Unfortunately, the government may have fast forwarded that date.
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.