- advertisements -
The one month at -0.0005% brings new meaning to the term "Pay the man".
Money for nothin' and chicks for free;)
Cue Plunge Protection Team...ready in in 5...4...3...2...
nothin' fo money and hoes for rent
and chicks for free
and chicks for free
for free bitchez?
Trash holding up well today. CMG green, BIDU about to go green. Obviously great stores of personal wealth.
i checked google trends....flash crash dropped back to almost zero...now that no one is expecting it, maybe we can get it
5 year TIPS has been negative for a year.
Nobody wants to touch commodities as well. So where else can the funds go?
Funds are getting low. Might as well just buy some beer and consume it. Then recycle the liquid waste back to Mother Earth.
That's what the government is doing to our future... P*ssing it away.
It's about the bier bitchez. I'll have something Belgian.
Twist and shout!
Any day now, I'll start liquidating my Treasury portfolio (mostly 5 year).
But not yet. First, Bill Gross has to start buying......
You must be dumb enough to think your smarter than Bill Gross
I am sure Groos is still shorting Treasuries and dollar cost averaging the short. Bill Gross is not a short term trader so allthough he has not done well so far, this is only the very beginning of his trade. He is most likely dollar cost averaging in then will hold for years, then all the idiots that thought his trade was over and done after 3 months will eat their words.
Um, I went LONG 10 year notes in Feb, and my profits are locked in. Bill Gross went flat/short.
Who's the dummy, dummy?
Ester: Who you calling ugly sucker?
Fred: YOU! I could push your face in some dough and make gorilla cookies.
Ester: Fred Sanford, you're a messy fool!!
Fred: uh, an, an' you a cessy pool!!
you shouldnt take bills public words for granted. remember, monetary policy must be surprising to have an effect.
Right. Bill often says one thing (for public consumption) and then does the opposite, or later reverses course. He even contradicts himself from time to time. If you like I can dig up some examples. He did not start investing yesterday after all.
yes pay the cat burgler to guard your money
No, better to be fully invested in equities, right? Dow 15k bitchez!!! Fucking moron.
???? Youre long treasuries????
The Fed Funds 'target' Rate is not quite at zero yet. There's still some room to move.
Why do people buy treasuries of one or three month duration at effectively 0% interest. Why not just keep the dollars and save on the transaction costs. Seriously im curious where the buying comes from and why. Thanks.
Because they are stupid. And some funds have to be invested per their prospectus.
No problem with that approach if you only have $100 to invest, but if you are managing $10 billion you can't put it on deposit at a bank and you can't put it under your mattress.
Wouldnt I keep the cash in the same place I keep the trrasury notes, where ever those are?
Explain what you mean by 'cash' if you don't mean currency. Because non currency 'cash' needs a holding vessel such as a savings account or CD, money market fund or a treasury bill.
or a mattress....
EDIT: of course for a mattress, you need 'cash' currency, i.e. pieces of real paper.
I think you would be safe in the low mid range- where you will not get skunked by falling prices( long) or submerged by negative- I need it now borrowing- short notes.
Hanging on to currency and cash is very,very hard in deflation.
It gets stolen, it gets taxed, it gets diluted, it gets confiscated(reverse repo) and swapped for debt.
Yes, the dollar is essentially trash, but its a transactional vehicle that everyone needs. And when they need it, they need it NOW.
You can elect to place your funds in a zero percent certificate of indebtness. Like the name states, you get zero percent in this "account". You can check it out at treasury direct.
In a cruel twist of irony.....safety.
Keep the dollars? Where? In the matress?
How about Chipotles? CMG up $0.72. Good lord.
Uh, how about today's S&P (and HY and oil and any other risk asset) sellers?
love the name...
Hey Ben, how much to hold these for a month?
He already has you by those. The question is, how much to hold this?
We are paying him, and we are not holding it. It's inside us.
Well we are holding it with a sphincter.
Credit Agricole is in Default. World Must know it
Largest bank in the world by bank deposits. Not so fast there...
OT2 is it? QE3?
I suspect that it's only a matter of time before saving money is considered an act of terrorism.
I wish that were funny. But when TPTB get scared they do make all kind of "new rules" and saving money, holding gold, and feeding your children instead of theirs could become "illegal and treasonous".
Citizen, you must be in debt. To not be in debt is economic terrorism... sure, why not?
Ignorance is strength!
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.