How Treasury Yields Affect the Economy:

1. Though signs of economic recovery  is weak, I am rather confident  that real recovery is on the way. The positive signs should not be temporary.
2. I am speculating that the lower sales projections might merely  be those senior managements'  efforts to lower their performance benchmark and thereby greatly  increase their year end remuneration, should they  exceed the mark  by a lot.
3. Real concern: Possible disruption on Asian economies when Fed  taper QE3.  India, Indonesia and Myanmar are among the most vulnerable. Although Singapore is expected by many analysts to weather the possible disruption (and I agree with them), it would not escape unscathed  if  any Asian economy falls victim to the currency attack. Reason being currency speculators, who have made a heap from collapsing other Asian countries, would earn more bullets to fight against the rest of the Asian economies. The impact: A giant snowball running through Asia, sending Asia economies falling like bowling pins.