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Bond Market Tremors Get Louder
It appears the cracks in the armor of the central bankers created by an over-enthusiastic BoJ's impact on the quadrillion JPY JGB markets are now rippling through the global market place. While every talking head that dares to speak has proclaimed the weakness in bonds as nirvana for equity bulls, it seems they were wrong, very wrong. As bond market tremors ignite everywhere, so equity markets come a little unglued at the prospect that the Fed, ECB, BoJ, and PBOC may not be so omnipotent after all...
Bond markets...
Stock Markets...
Charts: Bloomberg
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I feel the earth move under my feet
I feel the sky tumbling down, tumbling down!
Though they call it Terra Firma
it desolves beneath my feet
http://www.youtube.com/watch?v=w010hI3kj8M
'Terra FIRMA' is an eggshell thin collection of tectonic crusts floating on a sea of molten mantle magma...
~~~
Pretty much describes Wall St. when you think about it...
Prone to occasionally destroy everying on the surface when you least expect it.
Yep, sounds about right.
At least we have freedom of speech... Oh wait!
Are you on the Main Core (red) list? Main Core: A List Of Millions Of Americans That Will Be Subject To Detention During Martial Law @ shtfplan.com. If not, what have you been doing with your life? We know you are on there, francis. Cheers!
I'll be like the Klaus Kinsky character on the train in Dr. Zhivago
~~~
"I'm the only free man on this train ~ The rest of you are cattle"
I don't know about you guys, but I just got my Simon Black WormHole-Hover-Round on QVC and I plan on retreating to a Chilean Andes lake fortress with the rest of the True American Patriots.
Don't forget to pack your 'Rouchefoucauld' timepiece so you'll always know what time it is in Beverly Hills & Gstaad...
Won't forget that ... keeping in mind that platinum-rhodium-carbonite-buckyball atomically-correct timepieces will hold their value when bartering for useful goods (like vicuna fur and banana juice) when tshtf.
Kinsky free, cattle (goyim) for the rest. Got it!
Nothing of note here, move along.
Keeping an eye on the following levels:
Copper futures: 3
Crude futures: 85
Russell futures: 900
10 year futures: 125
Lots of stuff breaking if any of these have sustained moves below these levels. The 10 year is particularly interesting.
won't matter - Travis started banging the VIX right after the open and that stopped any stock selloff in it's tracks... all else will follow
Now that we've got the all-clear on Europe and the debt problem in the US is resolved, we know that they can really start to crank rates and bring the bond market down.
That's why the Fed and the ECB are shaking in their boots; the bond market is looking that good.
LET THE GAMES BEGIN!!!!!
Calm Down People, it's Tuesday for crying out loud.
The Dow will end the day Green.
BTFD 4eva
Bob Piss-on-me
Steve Lies-man
Who's the first hack to mention 'it's Tuesday and the mkt should go higher?' or something to that effect
Confidence is great while you have it!
To be reviewed with fiat. Ettu!
pour me sum more o' dat Koolaid
Is the world finally going to admit it is BK!! oh how I have longed for this day http://tinyurl.com/n8hmfya
I'm sorry but I'm laughing my ass off. Directly under Tyler's post is an ad that tells people how they may qualify for a free mobility scooter. It may give bond holders something to look forward to.
Do a google search for 'Snorg Tees'. Then reload the page for much better ads.
Do a google search for 'ladyboy' & you'll get the Booz Allen ads...
Bonds getting creamed, stocks about to follow. Commodities ex oil getting obliterated....
If I were one twisted dude, you know what I would do? I would break the buck on the money markets and float the nav's. Make sure there is absolutely nowhere to hide. But that's just me. I'm sick, I know I know...
Ask not what your country can do for you
but WTF you can do for your country ...
http://www.youtube.com/watch?v=7xxgRUyzgs0
BUY BONDS ROFL
(or gold... even better, silver).
really, what WE can do for our country??? come on now....thats so last century..................the country better take care of me..........its my RIGHT as an american..........
Snake Plissken doesn't give a fuck about your country or Ghengis Khan...
According to the Fox Business page, the sell off is due to markets worrying over how long 'easing' can continue. That is the red flag thrown at the Fed, who I am sure will respond with even more easing, because at this point more is even better. Bernanke is not going to spend his few short months left in embarassment. POMO to the max. That's why I think repair is in order, although I maybe wrong.
But as any gas station grease monkey knows, you put too much air into the leaking tire too fast and it blows up. Be careful out there fake money pump monkeys.
First of all, the talk about running out of Treasuries to buy is silly. The deficit will be 700-800B for this FY, and higher next year because the 1 time Fannie/Freddie amount won't be there, and the Fed doesn't buy $ 1 Trillion/year of Treasuries. It buys about 550B of Treasuries (the rest MBS).
So there is plenty of Treasuries to buy. As for MBS, the Fed can just pay the banks more for each one that is marked to fantasy regardless. The banks won't object.
even if the equities markets drop 20%, would it be the THE crash that sends the world into a downward spiral???..........i think not.......or perhaps im just jaded at this point......too many false starts................
You just want a free sammich Kito. Or maybe to go halfies on a cucumber garden near the Canadian border.
rsloane, there is always room for more........................fonz and i are looking for at least 200 acres......we will be starting a zh commune..............
If you want to grow much more than cucumbers, tomatoes, & peas, you'd better bring some Q-tips to help pollinate... The bees have taken the last train for the coast...
pretty sad francis.....perhaps the government can create a new agency.......the NPA perhaps...........they would be responsible for national pollination...........they could hire, to start, 100,000 human pollinators with q-tips........it would boost jobs!!!.....help the cucumbers....win win!!!!!........whaddyathink??????
Don't laugh but they are already doing that in China.
Agreed. Which is why I've been exploring the possibility of starting a colony or two on my land. I would have to keep the bees out of site from passersby, sort of secret their hive activity away in a heavily wooded area. I had a conversation with Laws about bee keeping. He was right but I'm stubborn and have not fully admitted it yet.
what was laws right about with regards to bee keeping??
He said it would be either impossible or very expensive to find the bees needed to start a colony, and that their first winter could deccimate the entire hive. I was going to hit up the Amish that I buy meats and baked goods from because they keep bees behind their houses. I think it will be one of those moments when they pretend not to speak English again.
perhaps it might be better to bring holiday gifts to my local apiarist :)
I'm laughing my ass off, but it's sad. When the SHTF I'll be like Woody Harrelson in Kingpin, drinking the bull's milk.
I used to buy honey at the Teaneck farmer's market, it was sold by an Amish but he bought it from an apiary called Aucker's Apiary in Penn. I took my wife there one December morning for fun, and met the beekeeper and his wife who were very warm.
They said the industry was in turmoil because of a pesticide made by Bayer in Germany that had such a high nicotine content that the bee colonies were dying off at a higher frequency than they could reproduce. Apparently, they were suffering nicotine withdrawal. But, the beekeepers knew it was that and bemoaned their powerlessness to avert it.
That was about 8 years ago. I doubt the situation has improved.
The few Bee-keepers I know actually get paid to remove unwanted hives from houses.
That is how they replenish their stock.
It's not that hard [to start], but it's not all that easy either [to maintain]... There's a lot of shit to learn about diseases & funguses that can kill off a hive even if you get one going... Sloane, you're also right about the weather... This was a pretty harsh winter & it really did a number on the bees... You can tell mostly by the cloverfield activity [or lack thereof]...
~~~
If you can't make it with honeybees, then just toss some untreated lumber scraps around [or build a useless frame] & you might some borer bees [which would not produce honey, but get the pollination trick done]...
Things that attract butterflies work as well if you don't mind the caterpillars...
No lie, Francis. Its going to be tough first time around. We already have borer bees that we stack excess lumber around to nest them. We're also stripped bark off trees and split the wood and tossed it on their pile. I don't think people understand the devastation a decrease in the current bee population is going to cost us. We have flowers planted that attract butterflies but so far there are very few of those around.
The thing about the borer bees is that they spend half their time getting drunk on the lavender ~ lol
as should we all...nothin like divin your head into a bush and takin a large whiff...instant antidepressant...
LOL go me! We have about twenty lavender bushes planted near our lumber stockpile.
Around here we call em wood bees.
"would be stingin your butt if you mess with em"
some humble suggestions:
if you're that passionate about the bees, you should follow your intuition and make at least an attempt to give them a good home, no matter what the obstacles are.
you might want to consider a top-bar hive to start (sorry for the wiki, but in this case, it's a good entry point) lower cost in time & $, gentler learning curve, more room to experiment. you can make a simple one out of a 55 gallon pickle barrel cut in half. (DIY plans are all over the net, just remember the All Seeing Eye Is Watching!)
and if i were you, i would personally hit up the amish for a starter kit...honesty & humility works wonders. i've found that the passion of beekeeping transcends any cultural barriers in the end.
if you get em started soon, you give them a fighting chance to make enough honey before winter. and you could always build a small heathouse for them to keep them warm if necessary.
there's one parasite you have to be wary of more than anything : the dreaded Varroa Destructor. vampires they are, and will decimate a hive if you allow them the time to hit the steep 2nd derivative in their growth curve (sound familiar?). however, a simple dusting of powdered sugar and a spray of some mint/thyme/hops tea every now and again keeps the fuckers in check pretty good.
good luck mate.
Thank you very much. Every tip is helpful. The Amish keep their hives at the back of their houses which is where their coal and wood burners are. They extend a roof from just over the hearth to shelter their hives [this is outside]. They also keep coal and wood burning in their barns during harsh winters and some hives have built in ground hives surrounded by hay.
Anyway thanks so much, I have so much more research to do.
i am just as jaded as you because I agree, the difference is I will be enjoying a wonderful free sandwich.
dont count your tomatoes until they ripen...................
I thought you were a sans tomato kind of guy. I feel lied to.
I only like tomato's with my mutton.
" true love is the greatest thing, in the world-except for a nice MLT - mutton, lettuce and tomato sandwich, where the mutton is nice and lean and the tomato is ripe"
"Good luck storming the castle."
...or 'mutton busting'
~~~
Hey fonz... You ought to get your 3 yo into this...
http://www.youtube.com/watch?v=OHLVW2dkN2g
"I hope we win"
i don't. I see treasuries getting bid again. That will be followed by people picking up beaten up div payers, that will send stocks up, which will send yields back up as treasuries are sold again.
we will stay in this cycle as yields climb higher. Something will give eventually.
Bonds may fall slower than most think, at least initially as Dud-Fwank produces the intended "stick save" ...
http://www.bloomberg.com/news/2013-06-10/bond-buffer-seen-in-demand-for-swaps-collateral-credit-markets.htmlWhat are you lookingup on the internet, Depends? Wheelchairs? AARP?
Bees. See other bee-related post.
Yes but the ads here reflect your online activities.
My last several online searches were for how to start an active bee hive and what materials were needed to build one. Also costs of maintenance and probability that the hive would survive its first winter. I then looked up information about bee keepers whose hives were taken over by the local gov't., lock, stock. and barrel. I would surmise that its the same local governments that sue people for collecting rain water in a barrel.
See? You put all those searches into the algorith and you get a Hover'Round ad!
LOL! Thanks for the laugh, Sheep, I needed one.
my last internet search was for golfing vacations and highwiian get-a-ways
AAaaabbbaaaaaaayayyyyy JJennnkinnnnnsss!!!!
"Hey, who's that guy squatting over the punch bowl?!"
Locked (3.85%) and Loaded (90% silver)
The emperors have no clothes, half inch dicks and no balls
they were in the pool
Kaaaaaaaa BOOOOOOOOOOOMMMMMMM!!!!!!
http://www.youtube.com/watch?v=Jffuzq2GpBI
I'm scared....hold me!
Have no fear - Kevin Henry is near!
Shut up Bernake. Keep lying or you disappear too.
US10YR - 2.29%
Wonder how high it can go?
See 1982.
see 1984, oh wait, that's the wrong thread.
Is this the beginning of the end? Is it starting? We shall see. I am so ready. 4 years of this phony growth crap. Am so sick of it.
Me too. Time for reality.
Don't know last time US bonds and stocks fell together, but that is a rare appearance.
we got a long way to go guys. sit back down.
google "monty python lancelot attacks castle"
It is a long way off, untill suddenly it isnt.
Right, I moved in to treasuries back in march b/c i thought we'd see a downturn in equities, but I'm getting hit right along with the stock market, albeit at a much slower rate. Staying in treasuries until 15% or more is taken off the S&P.
it's rough, especially if u own div payers that have lost 15% along the way.
My mind whispers: "Please crash, please crash, please crash".
It is time to let this charade go belly up.
The money will go into some other store of a wealth if not bond or equities- commodities?
commodities tend to crash in stock market collapses as well. Hence "Dr. Copper".
If UST yields continue to rise it would prick the stock, housing, and junk bond bubbles, and paradoxically, send UST yeilds right back down!
If central banks were not printing, you would be correct. Unfortunately for you, they are printing like mad and exchanging all those worthless paper promises for real assets. They will print as many bids as required. All "prices" will go to the desired levels, according to the script. Hedge accordingly.
Yes, when people lose faith in a currency, yields go up... exponencially.
doesn't matter. there is nowhere left to hide. ALL markets have been FED-phucked!
Ever play a board game with a cheater. Once you figure it out, you stop playing. That's what is happening to all fiat.
That implys an imminet outcome of hyperinflation which is certainly possible. But personally, I think that is inevitable but not imminent. I think there will be another intermediate step ala 2008. After that, the central banks will up the ante.
There's just too much misallocation of capital for someone or something to not go bust. The FED has been printing since 1913 and that has that never stopped asset bubbles from bursting. I don't think we've seen enough loss of confidence in fiat by the public to see hyperinflation just yet.
Agreed. But if the deflationary cycle comes first, it will be short-lived. Imagine the size of the printing the CBs would go for.
I see hyper inflation every time I take out my wallet. I just had to pay $30. for a fucking air filter for my chain saw. JHC on a stick.
hi ho silver ! away!
The FED don't seem to be doing a very good job exchanging their paper for paper promises is the 10yr section of the curve.
we are down to 2.25% again. Now it comes back to equities, If people btfd yields will climb back towards 2.3%. If the market selloff escalates then yields keep dropping.
My 2 cents is btfd is still firmly in place but we close right around 2.3%
'People'....I gues you're meaning a few HFT robots humming along in a room?
Stawks down, Bawnds down, Dalla down, Goooooooald down!
OH BOY, THIS IS GONNA BE GREAT!
"I say Harry it is looking like our battle to conrol perception to keep the muppets minds off reality is starting to back fire. It looks like they are now afraid of everything!" "Oh, Yas, I've got my prepaid tickets to Brazil, a big chunck of change moved, and the mistress is already down there. Even the butler has been giving me the fish eye lately."
But, but, dividends, get paid to wait, and..........damn it, I've been Teppered and Tapered at the same time.
REVERSE BAUMGARNTNERED xd:)
SHORT SELLERS COMING
SELL IN JUNE and BE INMUNE xd:) (PETERSSEN DIXIT)
Remember when you're leveraged 25-1, and everything is, all you need is a 5% drop and you're wiped out.
We are beyond the point of "bond market tremor".
Bond market is simply a puppy right now and the stock market is a mouse.
The govs are ruling and the only thing stopping them is energy/commodity prices which lead to currency swaps, thus dollar avoidance.
That's what matters. Stocks have been dead since 2011. Bond market died in 2012.
At this point, bonds market is no longer a decision maker.
Bond market is another victim of government intervention
Correct, all paper is dying, time for the world to "go to the mattresses" and sort this all out (again).
Agree.
Convexity Bitchez
Just checked silver prices and was surprised to see them so low. Hard not to see silver as a buying opportunity.
0400 (NYT) Slamdown in the dark o' night.
Like vampires they operate.
The spoiled brat banks will cry that the central banks have taken away their lollipop.
They will stamp and scream until mommy and daddy central bank give them more free money from the taxpayers (lollipops).
I've been looking up "COWBELLS", on the interwebs. How come I'm not getting any cowbell ads on Z/H? WTF?
Try MOAR COWBELL!
There wont be any stock/bond market crash any time soon. Central banks are printing and there are no exit strategies or whatsoever. What we see here is just the new normal volatility - the big money has to move faster between asset classes to achieve profit by exploiting those who are not that fast.
Investors should start to panic once talks about a global monetary reform start, or some big nations start to drop bombs on each other.
This is all we need to know about "tapering" and the future of the the USD and bond market: http://www.breitbart.com/Big-Government/2013/06/10/Obama-Taps-Princeton-...
Stocks go down...algo bots buy bonds
10 yr almost back to unch on the day.
The rocket scientists haven't loaded the code that bonds are the danger.
Follow the 3 month T Bill rate - the Fed does.
http://bullandbearmash.com/chart/daily-3-month-bill-prime-rate-shows-bot...
When this rate moves higher, it's going to get messy.
why the fuck is this market coming back?
is ben fucking bernanke buying the dow and s&p today?
wtf is this shit?
If bond yields continue to increase & prices lower, Fed will likely increase it's bond purchases from 85 billion MBS/Bond purchase program to a higher number. Fed may have to socialize the entire bond market. Stock market is rising, inflation expectation may be higher in the bond market, so the Fed feeds inflation expectation, but does not want higher interest rates, so it has buy more bonds, thus feeding inflation expectation. US will either become Zimbabwe, or the Fed will allow the phony recovery to crash, which isn't much of a recovery, even if you choose to call it that.