Overnight SHIBOR Goes Whoosh

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Mon, 06/20/2011 - 00:02 | 1383834 slow_roast
slow_roast's picture

It's going up so that's bullish.

Mon, 06/20/2011 - 00:06 | 1383865 Thomas
Thomas's picture

Holy shit. During the 2007 mess the Libor rate cracked up by 0.4% overnight and THAT was huge.

Mon, 06/20/2011 - 00:20 | 1383874 HungrySeagull
HungrySeagull's picture

Data, Bridge of the USS Enterprise Saucer Section:

 

"Oh shit"

 

Star Trek Movie some time ago.

 

EDITED ... so much for the damn Boost Phase, now we are in cruise phase.

Mon, 06/20/2011 - 00:12 | 1383877 slow_roast
slow_roast's picture

Each bubble gets larger and more exaggerated it seems.

Mon, 06/20/2011 - 00:53 | 1384002 FEDbuster
FEDbuster's picture

Just had to provide link to the "Bubble Song", the Bernak's ringtone:

http://www.youtube.com/watch?v=vdED3rVgIu4

Mon, 06/20/2011 - 01:02 | 1384032 Barb Dwire
Barb Dwire's picture

you soooo should be on cnbc...

Mon, 06/20/2011 - 01:06 | 1384033 phungus_mungus
phungus_mungus's picture

Technically its a 100% increase over Friday... 

 

Fecal matter hitting the Westinghouse? 

 

Mon, 06/20/2011 - 00:04 | 1383840 Popo
Popo's picture

Well... it certainly isn't inflationary.

Mon, 06/20/2011 - 00:05 | 1383841 baby_BLYTHE
baby_BLYTHE's picture

Troubles a brewin' repaet of 2008... this time coming from Europe (near perfect repeat of Great Depression 1)

Mon, 06/20/2011 - 00:19 | 1383901 Boop
Boop's picture

Deja Vu - eerie...

Mon, 06/20/2011 - 02:09 | 1384151 disabledvet
disabledvet's picture

i liked your new pic.  HOT!

Mon, 06/20/2011 - 00:05 | 1383846 JimBobOMG
JimBobOMG's picture

Is this QE3?

Mon, 06/20/2011 - 00:02 | 1383851 takeaction
takeaction's picture

Am I reading the first graph wrong?  It is not a 3% increase, it is a 3 point increase....which is nearly a 100% increase overnight...right?

Mon, 06/20/2011 - 00:07 | 1383855 slow_roast
slow_roast's picture

If it goes from 3% to 6% that is a 100% increase, but also a 3% increase.

Mon, 06/20/2011 - 00:30 | 1383917 Fancy Bear
Fancy Bear's picture

Oh kids, behavioral science tells us it's a 3% "absolute increase", and a 100% "relative increase."

Mon, 06/20/2011 - 07:40 | 1384390 Urban Redneck
Urban Redneck's picture

nominal might be appropriate than absolute

 

Mon, 06/20/2011 - 02:30 | 1384182 ThoughtCriminal
ThoughtCriminal's picture

lookin at those charts, seems more like 3.924% move (from around 3.031% to 6.955% is a 3.924% increase), meaning more like 130% increase for overnight, similar for 1-week,
just sayin'

Mon, 06/20/2011 - 00:07 | 1383856 Tyler Durden
Tyler Durden's picture

It actually is a 3% increase. Which also is nearly a 100% increase.

Mon, 06/20/2011 - 00:06 | 1383864 takeaction
takeaction's picture

It is both....thanks

Mon, 06/20/2011 - 00:07 | 1383870 Thomas
Thomas's picture

Two mints in one!

Mon, 06/20/2011 - 00:09 | 1383880 SilverIsKing
SilverIsKing's picture

Who's on first?

Mon, 06/20/2011 - 00:49 | 1384001 blindman
blindman's picture


if it is both 3% and 100%, and both are
increases, what is the down side? ( don't
actually try to answer that ).*
also, is a 3% and a 100% increase the same
as 103 "fold" increase? ( same ).*
also, does this development mean that some one,
somewhere, just made enough money to buy a country
and all the people in it? ( same )*.
The Collapse of Nations All By The Hand Of Corrupt Bankers
Bob Chapman
International Forecaster
June 19, 2011
http://www.infowars.com/the-collapse-of-nations-all-by-the-hand-of-corru...

Mon, 06/20/2011 - 01:36 | 1384087 robertocarlos
robertocarlos's picture

3% is the same as 100%. My brain hertz.

Mon, 06/20/2011 - 02:04 | 1384142 blindman
blindman's picture


this might have to do with it?
http://www.ctbto.org/specials/1945-1998-by-isao-hashimoto/
.
check this.
http://theautomaticearth.blogspot.com/2011/06/june-18-2011-monetary-psy-...
...
"The latest Treasury International Capital (TIC) report shows that net inflows into Treasuries increased for the month of April, mainly due to foreign government purchases. So when can we expect all of those "private accounts" to get with the program?

"Outside of equities, official accounts, which include foreign central banks, were the biggest buyers in the month with net inflow into Treasuries of $24.4 billion vs a net outflow from private accounts of $1.0 billion.;

A look at Treasury holdings by nations shows a $7.6 billion rise in mainland China, which is also a positive, to $1.15 trillion and a small decline in Japan to $906.9 billion. UK-based accounts, which are the third largest holders of US Treasuries, shows a $7.8 billion increase to $333.0 billion."

Well, with the rapidly progressing financial troubles of Europe and Japan, I suspect it will not be very long from now. In the meantime, as discussed in Bailing Out the Thimble with the Titanic, the Fed can continue to exert some influence over longer-term rates by selling insurance (IR swaps) on Treasury bonds through primary dealer banks, without any explicit monetization or anyone being the wiser (major investors). Eventually, the time will come when some form of QE3 is necessary, but that time will likely be sometime next year after asset prices have come down significantly. As for Gross, well, I still expect that financial shark to be well-positioned for the long-bond rally when it occurs, and in no small part because of his immensely pubic fear-mongering tactics."
( at link photo of shark jaws here )

Mon, 06/20/2011 - 03:02 | 1384210 robertocarlos
robertocarlos's picture

Good and scary stuff. Especially the Great White.

Mon, 06/20/2011 - 02:14 | 1384153 disabledvet
disabledvet's picture

What's on second?

Mon, 06/20/2011 - 05:59 | 1384321 Zero Govt
Zero Govt's picture

3% is on first, 100% after the interlude (grab your popcorn)

Mon, 06/20/2011 - 00:53 | 1384004 ebworthen
ebworthen's picture

Is that equal to the Doublemint twins?

Mon, 06/20/2011 - 00:06 | 1383852 slow_roast
slow_roast's picture

It is actually hints like this, while the idiots as Marketwatch and on CNBS go on talking about green shoots, that let those who pay a little attention to get short and sit back a little bit until it's impossible to not see the issues at hand.  Get short and wait.

Mon, 06/20/2011 - 00:08 | 1383873 Thomas
Thomas's picture

That's above my threshold of a "hint".

Mon, 06/20/2011 - 00:12 | 1383890 slow_roast
slow_roast's picture

Yes, but it's not headline story material for Marketwatch or MSNmoney so who really cares?  :)

Mon, 06/20/2011 - 01:35 | 1384093 Oh regional Indian
Oh regional Indian's picture

Hah! noice.
ORI

Mon, 06/20/2011 - 00:04 | 1383860 Bansters-in-my-...
Bansters-in-my- feces's picture

Pop-Corn...!!! Pop-Corn...!!!!

Get your Pop-Corn.....!!!!

Mon, 06/20/2011 - 00:24 | 1383919 augie
augie's picture

I'm thinking something stronger. 

Mon, 06/20/2011 - 00:36 | 1383953 DoChenRollingBearing
DoChenRollingBearing's picture

+ 80 proof!

Mon, 06/20/2011 - 00:46 | 1383991 cbxer55
cbxer55's picture

+100 proof.  ;-)

Mon, 06/20/2011 - 01:02 | 1384021 GtownSLV
GtownSLV's picture

180 proof and it will come from a still. The liquor stores will be empty soon enough.

 

Mon, 06/20/2011 - 00:46 | 1383992 augie
augie's picture

it'll be a vueve if we take out that 1252 on the /es.

Mon, 06/20/2011 - 00:57 | 1384009 Ahmeexnal
Ahmeexnal's picture

Redbull & Stroh 80 !!

Mon, 06/20/2011 - 01:39 | 1384095 Oh regional Indian
Oh regional Indian's picture

Mom-corns perhaps?

ORI

Mon, 06/20/2011 - 00:26 | 1383923 The Fonz
The Fonz's picture

commooon baby! Daddy needs an education in another country!

Mon, 06/20/2011 - 00:04 | 1383861 bankonzhongguo
bankonzhongguo's picture

This is all pre-programmed window dressing to otherwise pare down the number of still standing banks - the Alpha Banks. 

More banking chaos means fewer TBTF and thus guranteed survival for those at the center of this global assault on the human spirit.

The race is on to make it to the Basel 3 finish line.

 

Mon, 06/20/2011 - 00:11 | 1383886 Orly
Orly's picture

And isn't it funny how Goldman-Sachs has been greased up for the sacrifice over these past few weeks?

Mon, 06/20/2011 - 00:20 | 1383914 HungrySeagull
HungrySeagull's picture

And the Drums fill the jungle speaking collect the firewood and gather the feasting time.

Mon, 06/20/2011 - 00:23 | 1383929 The Fonz
The Fonz's picture

Man I hope GS hangs, but I have been assuming they wouldn't, too much regulatory capture.

Mon, 06/20/2011 - 00:41 | 1383966 Orly
Orly's picture

Think about it...

Goldman was at the center of the whole mess.  They had people in the Treasury Department, they were called before Congress.  We know the sins of Goldman!  Yeah, that's the ticket...

We demand a public trial!  The SEC has got the beef!

Live!  On TV!  The Trial of the Century!

There's Lord Blankfein doing his best Ollie North, going, "I do not recall that, Mr. Chairman.  I'll have my people..."

Oh, you know the rest.

It was set up this way...

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