Bond bubble remerges… details behind the gov’s latest debt struggle… The slow demise of snail mail… USPS forecasts record losses… Customized drugs: Patrick Cox on a breakthrough set to revolutionize health care… Bill Jenkins with another sign the euro is overvalued… his price targets below…

The yen slipped on Tuesday in choppy trade while the dollar struggled against most currencies as earnings of Goldman Sachs and U.S. retail sales surpassed expectations, stoking modest hopes for an economic recovery

Stocks, base metals and crude oil made further headway last week. Long-term US bond yields came down a bit following a successful 30-year bond auction and some pro-Treasurys comments from Japan’s finance minister. The dollar dipped while commodity-link currencies rallied.

The Treasury is having a tough time hawking US debt these days.  This from today’s Financial Times: The 30-year Treasury yield rose to 4.30 per cent on Thursday from 4.10 per cent the day before after bids at the government auction came at lower prices than expected.

Dollar plunges to 13-1/2 year trough vs yen, below 88… European, U.S. government debt touch fresh historic lows… Morgan Stanley’s, PNB Paribas’ losses lead stocks lower… Oil slips; OPEC’s record cut doesn’t offset demand slide

Sometimes you have to just stand back and admire the extremes a real bubble can produce. What you have now, as Bill explained last night at the Doomer’s Ball, is the last greatest bubble of them all, the bubble in U.S. bonds. It’s reaching staggering levels.

Global stocks decline as gloomy economic news flow resumes… Euro zone services activity falls to a fresh record low… Central banks expected to cut rates aggressively… MSCI World stock index down 0.4 percent

Global stocks flat… Oil falls, trades around $53 a barrel…  Europe shares down 0.3 percent, Japan up 1.7 percent… Wall Street facing poor start… Dollar rebounds, bonds rise

At least the traders in the futures market “know” what the Fed will do next. They’re betting on a rate hike – you can tell because the futures markets are starting to discount an interest rate hike by the Federal Reserve in October.

As I said yesterday, I spent all last week touring Europe, and checking out the local investment scene. And as I traveled from Milan to Zurich, I found the same sort of dangers threatening the Eurozone that have plagued the U.S. economy since last summer.