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$38 Billion 3 Year Auction Closes At Second Highest Bid To Cover In History
And so liquidity overflows once more, with investors stampeding to get first into stocks and now into bonds, with the 3 year $38 billion auction closing at 1.414% and an all time high BTC of 3.27. But no, there is no bubble. It is just that investors are diversifying by buying bonds, stocks, commodities and gold all at the same time.
- $38 Billion 3 year closes at 1.414% (1.307% Low, 1.370% Mid), 1.776% previously
- Bid To Cover 3.27x, previous 3.10, average 3.00. This is an all time high BTC [actually November 2009 was the only time that BTC was slightly higher at 3.33, so for all you purists out there, now you know]
- Indirects at 50.7% vs average 50.91%
- Direct take down 16.5%
- Primary Dealer hit ratio 14.99%
- Allotted at high 22.27%
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10 and 30 yrs coming up!
There is a party in the fed's pants and everyone is invited!
I'm all atingle.
/sarc
A party in the fed's pants? I'm bringing condoms and toilet paper, because there's plenty of STDs and crap to go around.
Someone said let it Breath to me on Sunday night...
All I can do is say thank you Germany for your Austerity measures against Greece... The Fed now will own you going forward, Austerity be damned.
Swap that for Gold Bitches!!!
Tyler,
Noobie here....but your comments Crack me Up!!.....LOL
So, what's on the other side of all of this? I know the guns & gold crowd say we're going to look like Road Warrior. But, I'm wondering what it's really going to be like in the US in 10 years. I live near New Bedford, MA. That town was for 200 years the wealthiest per town per capita in the world (whale trade)... until the discovery of oil. Now it's a decrepit northeaster city.
So, what's the entire US economy going to look like? Can anyone envision it? Some kind of New Bedford/Sao Paulo/Buenos Aires type of blend?
Have you ever been to Erie, PA?
The Mon Valley outside Pittsburgh?
Haven't been there yet, but it sounds like all of the small textile cities around New England. Ouch
Been to Erie once. Scary town. Main street, downtown, still has wooden poles lining the street for electricity. Name any other city of any size that doesn't have buried power lines downtown.
Don't forget about the weather, Erie has four seasons:
Winter, June, July and August!
I'm betting on a blend of Haiti after the earthquake and Dubai.
Detroit anybody?
http://www.youtube.com/watch?v=cV2ngvYI_ZU
Have you been to Verdun?
this is completely nuts
Don't forget they are buying silver too :) 19.33 as we speaketh
JP Morgan is going to be mad at you for buying real silver and not their Charmin. LOL
They're buying Senators, too.
2010 numbers... who owns the whore from your state?
http://www.opensecrets.org/overview/index.php
The Supreme Court said they could
OK, the fate of everything is sealed. We have two years or less to prepare; time to hunker down.
But do not worry, we still each have our humanity! So enjoy life, as it is priceless. We create our own destinies, this in the face of positive and negative forces. Be happy, for each day is a blessing.
Soul Train Line Dance to Curtis Mayfield "Get Down":http://www.youtube.com/watch?v=POKipOsa-8A
" So enjoy life, as it is priceless. We create our own destinies, this in the face of positive and negative forces."
Mr. LH Means:
Cooked beans... learn it, know it, live it...
Yes, in more ways than one, haha!
“Gold Is Money, and Nothing Else.“
- JP Morgan, testifying under oath to Congress before the Pujo Commission, 1913
"Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear — as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits.”
-Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.
Mobilis In Mobili -Nemo
I would disagree with Morgan. Gold approaches the ideal form of money, but it's also much more than that. My background is stronger in science than in finance, so I would actually be highly skeptical of any mass delusions about gold not being gold.
And Stamp was refering to fractional reserve banking/lending, right? Banks like Goldmoney are still very nice to have, yes?
"Gold and silver are not by nature monie, but monie by nature is silver and gold." -Karl Marx
Excellent quote. I defer.
Ever see algos print an Island Reversal for S&P futures?
" gold is money and nothing else" one of my favorites
" gold is money and nothing else"
A lot of Beautiful Escorts would beg to differ.............LOL
Strippers too. Those gold coins tend to slip out of a g string.
and scientists, engineers, etc.
They have vaginas to store them in
Is this where the swaps are going?
That money has to leak out somewhere.
This and the blow party at the Fed every Thursday.
http://www.youtube.com/watch?v=9PR_rzF8ofw
Fuck yo couch Bernanke!
"They NEVER shoulda given you Banksta's money!!!!"
Figured it out..Bernie mack is making it rain !!!!!!!!
Help please: NBid to cover at 3.27 (all time high) means 3.27 more sellers than buyers, right? (tendered vs. accepted)
Just the opposite, huckman. Let's not try to make things worse than they already are.
Other way around.
Classic!
ha yes indeed, BTW, nice article the other day, GG
G_G,
I wish I could read Greek, but I think it's going to be a dead language before I could master it, so in the meantime, please speak really loud and use hand gestures.
ALL IS WELL!
Ignore that whole POG thing.
Mission accomplished!
Nothing a little "pull the plug on the stock market" couldn't handle.
it's only natural that after printing $1.5t by the Fed, and another 750T by the EuroBank, giving it 10X multiplyer, and distributing all of that "wealth" among 30K wealthiest people , they will speculate invest in all sorts of assets. What else are they going to do? they have 200' boat, ang a Gulfstream V, and 16 Bentleys/MBs/Ferraris, i.e. they have nothing else to buy, which in itself keeps inflation down....
The rumor mill is cooking...this is how one sustain 63 days of profitable trading in the FICC market. Tomorrow 10s and later a record 30s offering. The PDs juts need to get the prices down at all cost. Duration play boys n' girls
Hmmm. Gold hits an all time high at the same time you have a 3.27 BTC on the auction. Any theories?
It's sloppy sex, some in every hole.
LMAO!
Hasta la vista Espana. And you thought this was a rescue of you? The only thing better than the GD II is the talk of "GD II"--creating the greatest dislocation in the market since Ho Chi Minh marched into Saigon.