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The Curious Case Of Greece's Semi-Inverted Yield Curve
Here's one for the history books - this is what a semi-inverted yield curve looks like. The reason for the shaded area, and why the curve isn't inverted off the bat: the IMF has pledged your money, dear Americans, to make sure Greece can at least roll its immediately maturing debt. Americans, via the IMF and Ben Bernanke's Frankensteinian printing press are now guaranteeing the differential between 10% and 5% on Greek <1 year debt. And why? Is it going to prevent a Greek default in the end? Of course not, but at least US taxpayers can enjoy some of the the great moral gratification that being a part of the Komintern provides.
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i can feel the buy algos coming. Skynet is awakening.
and now we have a contango tax setting up for the next roll.
I want to vote out of the IMF and the rest of this Rockerfeller nightmare New World Order nonsense.
Looks like a chart of a heart attack in progress. One last convulsion and then a trailing off into blackness and the white light at the end.
I'll bid $10 for the Acropolis if it will help.
Rule 1-10. Always push the problems further into the future, no mater what.
Shit like this always happens when I go on vacations. Expect the worst for another 5 days. The worsest yet is not until September.
Must keep gold down.
The world suddenly turning to shiite but the Plunge Corruption Team determined to tell us its a sunny day.
Greece activated that EU-IMF "bridge loan" or what it's called, markets moving
That's how it works in default. They all drop by about the same points which means higher yields upfront