Global Debt to Equity Ratio: 2005-2010 - By Paul Kedrosky - .... Interestingly, despite the massive increases in debt issuance in developed countries and despite declining capital markets, on a global basis our debt/equity ratio has declining in the last year. This is, of course, a function more of rapid increases in global equity markets than of debt destruction, ... -  Infectuous Greed Blog
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Is It Time to Go to Cash?  - Charles Hugh Smith - Maybe everything's as great as advertised; but maybe not. I've got a bad feeling about the current stock market. It's just an intuition, and certainly not advice (please read the HUGE GIANT BIG FAT DISCLAIMER below to remind yourself this site is the freely offered ramblings of an amateur observer), but I have a funny feeling that all the lies, manipulations, misdirections, obfuscations, frauds, ginned-up statistics and feel-good propaganda is about to come apart at the seams. - Of Two Minds

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CHART OF THE DAY: This Is What The Greece Endgame Looks Like - Vincent Fernando, CFA and Kamelia Angelova - Yes, you've been hearing about Greek bond yields rising for some time now, but now it is far different -- they're rising, and they've gone vertical ... - Clusterstock at Business Insider
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Fitch: Japan’s Rising Debt Threatens Sovereign Rating in Medium Term - ... Japan’s headline gross government debt reached 201% of GDP by end-2009, the highest ratio for any sovereign rated by Fitch. Public debt sustainability is the central sovereign credit issue facing Japan, whose Long-term local currency Issuer Default Rating (IDR) of ‘AA-’ is one notch below the Long-term foreign currency IDR of ‘AA’, uniquely among high-grade sovereigns. ... -  Research Recap

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Video: Angry Greek Pensioners - It is dirty or dangerous to be a baker, waiter, hairdresser, or radio presenter and therefore they should get an early retirement?  Really Greece? Really?  11.6% of GDP on pensions?! - Surly Trader

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Bond Market Will Never Be the Same After Goldman: Michael Lewis - Bloomberg

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Fed's Focus: How to Sell Its Mortgage Securities - By JON HILSENRATH - The Federal Reserve has acquired more than $1 trillion worth of mortgage-backed securities in the past 15 months. At their policy meeting in the coming week, Fed officials will try to decide how and when to get rid of them without jarring financial markets and the nascent economic recovery. - Wall Street Journal Markets