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A Lesson In Inflation


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#61 Bearman

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Posted 09 January 2004 - 10:03 AM

MBS market getting annihilated

MBS stands for what? TIA

#62 buttugly

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Posted 09 January 2004 - 10:03 AM

The market is SAFE, at least until Jan 30 - when we get
4th QTR GDP.

Plus astrology says WINDOW of opportunity for
crash in FEBRUARY only.

#63 Guest_jrmfl_*

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Posted 09 January 2004 - 10:05 AM

The market is SAFE, at least until Jan 30 - when we get
4th QTR GDP.

Plus astrology says WINDOW of opportunity for
crash in FEBRUARY only.

? safe ?

in relative terms, what do you mean "safe"?

#64 MrHanky

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Posted 09 January 2004 - 10:05 AM

Kudlow: "Higher mortgage rates means more buyers" 
Cmon!

Believe it or not,that would be true for a few weeks.lots of people would panic buy homes before rates got out of control.

it would be the blowoff top of the housing market




10 ten year yield getting crushed right now....like I said in m2m,I think rates go alot lower from here

Nothing


#65 Bearbones

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Posted 09 January 2004 - 10:05 AM

MBS market getting annihilated

MBS stands for what? TIA

mortgage-backed securities

#66 Guest_jrmfl_*

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Posted 09 January 2004 - 10:07 AM

Believe it or not,that would be true for a few weeks.lots of people would panic buy homes before rates got out of control.

it would be the blowoff top of the housing market

yes, infaltion tends to drive money... to be consumed, in that it is worth less going
forward... or is it worthless?

either way.

#67 An Ant

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Posted 09 January 2004 - 10:09 AM

I think they were ready to unleash +300,000 new jobs.

However, they changed their mind when the homebuilders crashed yesterday.

T-Bones must be propped at all costs.

Any and all methods necessary to jump start a new refi and spend boom.

1/3 of the entire Global Derivative Float is on the move right now.

Trillions of MBS Bagholders "readjusting" their bra straps.

CSFB raised LEN and NVR ?
Did't LEN just broke neckline yesterday ?

#68 Hypertiger

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Posted 09 January 2004 - 10:09 AM

HYPER
You are da man!
Here come lower mortgage rates

If I would have had guts I would have said the unemployment rate would drop when they cut extended benifits before Christmas which means they would not have to count 80,000 per week...But I was not paying too close attention...

To date 30% of the workforce that can claim benifits has been recycled into lower pay structures or oblivion...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#69 GregFokker

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Posted 09 January 2004 - 10:09 AM

Al Green in the Control Room at the Marriner S. Eccles Building this morning

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  • post_2_1072394248.jpg

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#70 Lock Limit Down

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Posted 09 January 2004 - 10:09 AM

If anyone out there has any doubt the futures are not being managed look no further then the reaction to the jobs report. In days of old we would be down huge if not limit. News is noise of course. However a miss of this magnitude on the most watched economic indicator indicates paint is not in short supply at the futures pits this morning.
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#71 Bearbones

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Posted 09 January 2004 - 10:10 AM

Several studies have shown that the major bond market mover is the employment report. More than GDP, CPI or any other, the labor report has been shown to have the highest correlation with bond price movements.

#72 GregFokker

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Posted 09 January 2004 - 10:10 AM

Terror alert back to yellow (because of the jobs report?)

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#73 machinehead

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Posted 09 January 2004 - 10:10 AM

at 8:52 dollar at 85.25

Today's date can be written as 1-squared / 3-squared / 2-squared.

Next Friday is 1-squared / 4-squared / 2-squared. That's the one I'm worried about ( = "& 911" upside down ).
"GOLD -- it's not just for misers anymore."

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#74 buttugly

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Posted 09 January 2004 - 10:11 AM

SAFE as my mortgage lending subsidized job.

NEW LENDING all but dried up.

Yesterday one of the lending guys just disappeared.

Turns out someone slipped him $30k to slide
an approval past the CREDIT guys.

All very hush hush.

Not even sure if lower rates will do the trick!?

#75 DrStool

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Posted 09 January 2004 - 10:11 AM

For you bond guys. 8-13 day cmap is 4.03 to 4.08. 4.10 is resistance. That's where you should see selling come in. If they don't break 4.10, sell all your bonds, because the bond market will go to hell if they don't.

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