Jetlag Posted May 27, 2009 Report Share Posted May 27, 2009 I blame these guys: Link to comment Share on other sites More sharing options...
psyche doctor Posted May 27, 2009 Report Share Posted May 27, 2009 I blame these guys: Yup, you can kiss the low rates good bye! Link to comment Share on other sites More sharing options...
cwd Posted May 27, 2009 Report Share Posted May 27, 2009 No one, but it doesn't matter IMHO. The US imports it's stuff, so when the dollar goes down, prices must go up - demand is irrelevant. Mostly empty shelves with the few products that remain priced out of reach of almost everyone - that's the extreme outcome - but I've oversimplified I'm sure. Sounds about right to me. Link to comment Share on other sites More sharing options...
quanta Posted May 27, 2009 Report Share Posted May 27, 2009 The Game is Breaking Down- Professional Edition by Lee Adler, Wednesday, May 27, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit The Treasury market got bombed today in what could be turning into a crash. Yields soared in spite of near record levels of demand at today’s auctions. The problem clearly isn’t demand. It’s supply, and that problem will not be going away any time soon. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. You are soooo prescient: Since the moment on March 18 when the Fed announced that it would buy $300 billion in Treasuries over the next 6 months, the yield on the 10 year note has risen by 118 basis points, and I strongly suggest that if and when the Fed announces that it will buy more Treasuries, even more supply will be forthcoming from all corners of the market. This looks like a no win situation for the Fed. If you have been short Treasuries during this time, congratulations! I’m glad that you were paying attention. ☺ I was paying attention. That's when I bought TBT. Thankyou so much for your insight. The subcriptcatory is well worth it!!!! Q Link to comment Share on other sites More sharing options...
cwd Posted May 27, 2009 Report Share Posted May 27, 2009 It looks like the Banksters still have a few rabbits up their sleeve. JPMorgan likely to reap $29 Bln windfall on WaMu bad loans purchase 5/26/2009 8:29 AM ET (RTTNews) - JPMorgan Chase & Co. stands to reap a $29 billion windfall due to an accounting rule that lets JPMorgan transform bad loans it purchased from Washington Mutual Inc. into income, the Bloomberg reported Tuesday. Jesse Link to comment Share on other sites More sharing options...
Jimi Posted May 27, 2009 Report Share Posted May 27, 2009 Does Denniger post here as "Snorkels"? I've been meaning to ask. Link to comment Share on other sites More sharing options...
cwd Posted May 27, 2009 Report Share Posted May 27, 2009 We are so screwed. I have already covered how you can get it in both holes a fourth time - that is, all the bank has to do is fund the "so-called private party" that is going to buy these "toxic" assets with an intentionally-written-off loan, thereby guaranteeing no more than a 5% loss. It is impossible to prevent this from occurring, by the way; money is fungible so who's to say which dollar came from where? And since the banks will apparently get paid (by you the taxpayer) any difference between internal marks and the sale price, not only get to prevent more than a 5% loss off the market price, they do even better as they get to guarantee no more than a 5% loss off their internal mark! We just keep adding scams on top of scams; if $170 billion stolen from taxpayers to "bail out" banks via AIG isn't bad enough, this program will be some $500 billion (or more), and that's not even the total value since some banks have been buying up "distressed" ALT-A liar loans with TARP money in front of this program's announcement! I didn't think they'd be so brazen as to do it in their own name, which is nothing short of a direct instance of theft of public funds. RANT Link to comment Share on other sites More sharing options...
sarcastro Posted May 27, 2009 Report Share Posted May 27, 2009 Yup, you can kiss the low rates good bye! Awesome Businessweek cover! I LOVE when these people get their predictions, which is always what has ALREADY happened, get thrown in their face when it all blows up! What date is that from? Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2009 Author Report Share Posted May 27, 2009 Quanta- Thank YOU for your support! Much appreciated. By the way, I just realized I mistakenly wrote "suggest" when I meant "suspect." Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2009 Author Report Share Posted May 27, 2009 I blame these guys: What was the date of that cover. I seem to remember it from a year or so ago. The link suggests last July. Link to comment Share on other sites More sharing options...
Jetlag Posted May 28, 2009 Report Share Posted May 28, 2009 My WAG for pigmen's machinations to come Link to comment Share on other sites More sharing options...
Rationalize Posted May 28, 2009 Report Share Posted May 28, 2009 Banksters got a tough 0-3.5-0 Job. Borrow at 0, lend at 3.5+spread and be drenched in hookers and booze by midnight. "+spread" Bwa hahahahaha... No matter how wide open locked in the hedge is over cost, always charge an artificial spread. Link to comment Share on other sites More sharing options...
capitall Posted May 28, 2009 Report Share Posted May 28, 2009 What was the date of that cover. I seem to remember it from a year or so ago. The link suggests last July. http://www.businessweek.com/magazine/conte...08/b4022001.htm Feb. 19, 2007 Link to comment Share on other sites More sharing options...
Jetlag Posted May 28, 2009 Report Share Posted May 28, 2009 What was the date of that cover. I seem to remember it from a year or so ago. The link suggests last July. Sorry to "burst your bubble", it's from Feb-07. http://www.businessweek.com/magazine/conte...08/b4022001.htm LeeWhee commented on it. http://wallstreetexaminer.com/blogs/wheeler/?p=78 Still valid in my book as a contrarian indicator. I remember commenting on a follow up in business week magazine (where the author was basically boasting some months after the dare) that it could take from days up to a couple of years to confirm the contrarian signal and usually the longer it took, the stronger the signal. Link to comment Share on other sites More sharing options...
phatbubble Posted May 28, 2009 Report Share Posted May 28, 2009 Saturn moved a degree .. new touch points 8620 - 8500 HOD 8490 8380 - 8260 LOD 8280 8140 - 8020 7900 - 7780 7660 - 7540 Care to elaborate? TIA Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.