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Having So Much Fun 4/2/24

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I almost forgot to give us this day our daily thread. 

I will sum it up in one word. 

Doink. 

New 5 day cycle projection 5175. 

14889y

For moron the markets, see:   

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DrStool

  

3 hours ago, Jimbo said:

THE GREAT BOND ESCAPE

From 2009-2019 the FED had created the perfect gulag system for free debt.

It made all the borrowers...........home buyers, private equity, commercial real estate buyers very very rich.

Where bond holders worked away for .....nothing in return.

The perfect wealth transfer machine.

Until the virus print created all that inflation.

Until the great bond gulag escape of March 2022.

Now the FED is in full "Band Aid" mode.

Its desperately keeping the ten year around 4.25%.

Still subsidizing the borrowers. 

 

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So now that the $125 billion in net new Treasury coupon issuance was put away yesterday, let the deluge of paydowns refill investors' cash coffers. The End Is Not Nigh March 26, 2024

Date Security Type Total Offering Total Publicly
Held Maturing
Net New Cash or
(Pay Down)
04/04/2024 Bills $205,000 $219,006 $(14,006)
04/02/2024 Bills $215,000 $240,961 $(25,961)
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Here's the impact of the liquidation necessary to fund that $125 billion payment that came due yesterday. Supply absorption ain't free. Next stop 4.50, or instant reversal? The End Is Not Nigh March 26, 2024
1488nn

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The global conflict in the Middle East, the war in Ukraine, geopolitics and the US/China international fight, the EU Green Deal and many other activities are driving inflation.

Got XLE? COPX?

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It's raining money, hallelujah! 

Date Security Type Total Offering Total Publicly
Held Maturing
Net New Cash or
(Pay Down)
04/09/2024 Bills $205,000 $240,975 $(35,975)
04/04/2024 Bills $205,000 $219,006 $(14,006)
04/02/2024 Bills $215,000 $240,961 $(25,961)

$85 billion in a week. That'll start your engines.  Gold Goes Space Needle

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