Another good article by Allister Heath for City A.M.:
If you want proof that the global economy’s woes are increasing, as a result of extreme imbalances, look no further than some countries’ borrowing costs. Germany has set a zero per cent coupon on its 2-year government bonds (or Schatz) due to be sold today – in other words, borrowers will not be paid for the privilege of lending money to the German state.
Strange times indeed. I recommend the whole article.