Rates are low, S&P downgraded, and Congress chastened

Why do these not go together? The obvious conclusion, the one needing a rejection, is that a humble Congress is safer for bondholders.
Another topic:

"The ECB should stop hiding behind its monetary orthodoxy and remember that if there is no more Union, there will no longer be an ECB either," said ING's Peter Vanden Houte. Telegraph

There is a future for the Euro, it is just that a banker in the thick of it will miss the vision. From the same atrticle:

This time we face the risk of double-dip recession without shock absorbers. Interest rates are already at or near zero in much of the OECD club. Fiscal deficits are stretched to the limits of safety.

Far from loosening, the US is on track to tighten by 2pc of GDP next year, and Europe by 1pc to 2pc, into the slowdown.

China has already pushed credit to 200pc of GDP. It cannot repeat the trick.

The Anglo-Saxons can print more money, but the gains in asset prices for the rich are offset by losses from fuel and food inflation for the poor. This is a destructive trade-off.Ambrose Evans-Pritchard