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POMO Arigato - Update

Tyler Durden's picture




 

UPDATE: POMO ends and... Dow drops 100 points

 

When conspiracy theory becomes conspiracy fact once again...

It seems 15,115 is key for a month-end close in the green for the cash Dow (currently 15,024) - even as IBM drags 30 points out of the Dow today

 

But, but, but correlation does not mean causation

 

Charts: Bloomberg

 

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Fri, 06/28/2013 - 11:19 | 3703352 digitlman
digitlman's picture

What a fucking shit show.

Fri, 06/28/2013 - 11:21 | 3703360 cifo
cifo's picture

Painful to watch too.

Fri, 06/28/2013 - 11:25 | 3703384 Bay of Pigs
Bay of Pigs's picture

Polish that Turd!

Fri, 06/28/2013 - 11:35 | 3703423 prains
prains's picture

lipstick on a feral pig

Fri, 06/28/2013 - 11:39 | 3703435 knukles
knukles's picture

Hah ha ha ha ha
And you thought that this was manipulation, deceit and invasion of rights (controlling markets)

Hows about this one.  The Consumer Financial Protection Board (Frank-Dodd creation) not only does not protect consumers, but likewise aggregates data upon citizens aka spying...

http://www.usnews.com/news/blogs/washington-whispers/2013/06/27/governme...

protection througn spying
burn the village to save it
war is peace
slavery is freedom
tired of taking it up to the elbow while....

Fri, 06/28/2013 - 11:55 | 3703494 DeadFred
DeadFred's picture

Contractors selected by the CFPB "shall provide a persistent consumer identifier making it possible to follow consumers over time,"

Booz Allen Hamilton??? Just a guess.

Fri, 06/28/2013 - 12:13 | 3703530 RSloane
RSloane's picture

Sadly you are probably right.

Fri, 06/28/2013 - 12:21 | 3703564 noless
noless's picture

He is

Fri, 06/28/2013 - 12:35 | 3703609 iDealMeat
iDealMeat's picture

Use cash..  problem solved..

Fri, 06/28/2013 - 13:11 | 3703726 prains
prains's picture

No _ use your air miles card, nothing gets tracked wtih that, LOL

Fri, 06/28/2013 - 12:16 | 3703552 WTFx10
WTFx10's picture

Another turd polished

Fri, 06/28/2013 - 16:06 | 3704487 putaipan
putaipan's picture

knuckes- so that is what "the consumer report authorization" form submitted when applying to any job is about....the same form which asks if you've ever been commtitted of a crime. hmmm.

Fri, 06/28/2013 - 11:40 | 3703452 nope-1004
nope-1004's picture

Fed's public PR hit campaign in response to rising rates over the last few weeks has been comical.  Shows rates need to be kept low.

 

Fri, 06/28/2013 - 11:54 | 3703491 Floordawg
Floordawg's picture

You can't polish a turd...

but you can roll it in glitter.

Fri, 06/28/2013 - 12:16 | 3703541 WTFx10
WTFx10's picture

Mythbusters proved YOU can polish a turd.

Geez, just look at the scum that own and control us they are the shiniest turds on the planet!

Fri, 06/28/2013 - 12:13 | 3703531 SheepDog-One
SheepDog-One's picture

QUICK more gold spraypaint on the turd!

Fri, 06/28/2013 - 11:20 | 3703355 semperfi
semperfi's picture

Bernanke Put - gauranteed to last a lifetime no matter what the dummass motherfucker says.

Fri, 06/28/2013 - 11:23 | 3703370 PersonalRespons...
PersonalResponsibility's picture

Did he put that gaurantee on the box?

http://www.youtube.com/watch?v=a5dpBpaFiMo

 

Fri, 06/28/2013 - 12:12 | 3703528 DeadFred
DeadFred's picture

So I'm a TBTF bank with treasuries that are getting scarcer by the day and are near their lows of they year so I take my bonds out of their daisy chain of collateral and sell them to the Fed and then use that money to buy into an hour long ramp of a market that can't seem to break above its 50 dma. Time will tell if I'm Master of the Universe or Forrest Gump.

Fri, 06/28/2013 - 11:21 | 3703358 So Close
So Close's picture

Until it does.

Fri, 06/28/2013 - 11:21 | 3703359 BennyBoy
BennyBoy's picture

QE999 and hourly POMO = FINANCIAL NIRVANA!

Fri, 06/28/2013 - 11:22 | 3703362 razorthin
razorthin's picture

So far just filled the gap down - which would be technically expected even in a normal market.

Fri, 06/28/2013 - 11:22 | 3703363 Dr. Engali
Dr. Engali's picture

I have an add on my screen telling me gold is goind to $750. More and more "analysts" are throwing out that price recently. It should be intersting to see how gold performs next quater now that the momos have it off their books.

Fri, 06/28/2013 - 11:29 | 3703403 Bay of Pigs
Bay of Pigs's picture

Run Doc! We're all gonna DIE!!!!! LOL.

The "SELL GOLD NOW! hysteria has reached Full Retard status.

Fri, 06/28/2013 - 11:39 | 3703440 semperfi
semperfi's picture

which means its time to back up the truck

Fri, 06/28/2013 - 11:31 | 3703408 disabledvet
disabledvet's picture

again "Chairman Bernanke has been fired." obviously he's in 'till January...but the "sense of the Senate" (and all Government in the United States) has spoken.

Fri, 06/28/2013 - 11:57 | 3703498 astoriajoe
astoriajoe's picture

I think you mean an "ad" on your screen.

To me, an add, is that you're looking to add to your gold stash at $750.

Fri, 06/28/2013 - 12:09 | 3703519 Bam_Man
Bam_Man's picture

Yeah, Gold to $750/oz while oil doesn't budge, staying above $100/bbl.

That makes a lot of sense.

Fri, 06/28/2013 - 12:11 | 3703523 NotApplicable
NotApplicable's picture

Perhaps $750 is the level that makes the upcoming force majure a "win-win" scenario for the banksters?

Fri, 06/28/2013 - 12:27 | 3703580 Bam_Man
Bam_Man's picture

Or maybe $750/oz is the "appropriate price" for the NY Fed to pay for the 380 tons they owe the Germans.

Fri, 06/28/2013 - 11:22 | 3703369 Everybodys All ...
Everybodys All American's picture

Bernanke has destroyed the US Capital Markets. That will be his legacy.

Fri, 06/28/2013 - 11:32 | 3703413 disabledvet
disabledvet's picture

unlike Greenspan who get's an efficiency apartment in Brooklyn with bunch of crack heads Ben Bernanke gets the Freedom Tower.

Fri, 06/28/2013 - 11:39 | 3703444 john39
john39's picture

The market was rigged all along... Just much easier to see now.

Fri, 06/28/2013 - 11:36 | 3703428 CPL
CPL's picture

Alternatively he could be the man that made the world rethink the cost of central banking and currency as a tool.  Serendipity is a good thing.  The randomly discovered silver lining.

Viagra is a good example of lemon's into lemonade.  It was originally developed as a heart medication which did an awful job because it got blood flowing improperly.  Researchers did notice however tents being popped because it opens blood vessels around the Corpus Cavernosum which allows for the tent pole to rise to the occasion.

 

Fri, 06/28/2013 - 12:15 | 3703543 NotApplicable
NotApplicable's picture

Like we need a bunch of power hungry old men walking around with boners!

Fri, 06/28/2013 - 12:33 | 3703604 CPL
CPL's picture

Yet here we are.  

It's a benefit to us all that the only people left with power they can steal power from is each other.  That becomes a lemonparty.org situation. 

Fri, 06/28/2013 - 11:39 | 3703448 semperfi
semperfi's picture

don't forget to give greenspam some credit

Fri, 06/28/2013 - 12:13 | 3703533 NotApplicable
NotApplicable's picture

Bernanke, being a mere puppet, did shit, in all honesty.

Global capital markets were destroyed in the Coup of '13. It just took them a hundred years to make off with all of the capital, undermining our efforts at sustainable standards of living.

Fri, 06/28/2013 - 11:23 | 3703371 corporate slave
corporate slave's picture

C'mon. You can always look for a correlation with something. Just in the middle of the POMO I saw a flying elephant

Fri, 06/28/2013 - 12:38 | 3703482 Jim in MN
Jim in MN's picture

That was Dumbo....still think it's a coincidence?

Fri, 06/28/2013 - 11:23 | 3703372 vote_libertaria...
vote_libertarian_party's picture

What exactly is the theory of how it works?

 

The Fed buys bonds from the Primary Dealers.

The PD take that cash and buy stocks for only the time the Fed is buying bonds?

 

Seriously, 'splain it to me?

Fri, 06/28/2013 - 11:35 | 3703422 disabledvet
disabledvet's picture

the banks that aren't bankrupt do this (as you can see by their stock prices there are many like that.) those that are broke (cough, cough...BofA...cough cough) stick it right back to the Fed "and make .75%" and then loan out the difference. the good news is that BofA appears to have "survived May and June."

Fri, 06/28/2013 - 11:46 | 3703473 jldpc
jldpc's picture

The PD pay cash to the Treasury Dept on purchase - but really there is no "cash" tranasaction, it is all debits/credits on their account at the FED. "Cash" is an outdated term, concept, and notion. "Cash" today means "instant credit." ""Instant credit" means immediately available for a transaction of your choosing. When the PD or other large buyers/holders have excess cash, they deposit it or leave it at the FED and earn overnight interest. These are very large users of cash and credit. They extend credit to 3rd partys or use it themselves in the form of margin accounts, or letters of credit, or credit default swaps. The 3rd partys due the same for the smaller brokers; and all of them extend margin credit to almost everyone who can open their eyes and breath. Lately the money has gone to two places, stocks and mortgages brokers to lend to relaty customers. Most of the latter is bought by FANNIE and FREDIE. (Same game just different balnce sheet.) They also have gigantic in-house brokerage and commercial lending divisions. The latter often finance large corporations daily business and long term contracts. But in the end, it is all debits/credits for each user who has a stated limit on the credit/borrowing side. The size of the outstanding debt of the USGov, no matter who holds it, is dangerous, because it is used as collateral for other debt; hence the pyramid -house of cards worries. In the end it is all just multiple layers of "promises to pay." The leverage is probably close to 50:1. As many fear, it only takes one of these "major" players to default and break a chain. Notice what happens when there is trouble - it is like yelling "fire" in amovie theatre with only one small exit. Most don't survive.

Fri, 06/28/2013 - 11:46 | 3703474 jldpc
jldpc's picture

The PD pay cash to the Treasury Dept on purchase - but really there is no "cash" tranasaction, it is all debits/credits on their account at the FED. "Cash" is an outdated term, concept, and notion. "Cash" today means "instant credit." ""Instant credit" means immediately available for a transaction of your choosing. When the PD or other large buyers/holders have excess cash, they deposit it or leave it at the FED and earn overnight interest. These are very large users of cash and credit. They extend credit to 3rd partys or use it themselves in the form of margin accounts, or letters of credit, or credit default swaps. The 3rd partys due the same for the smaller brokers; and all of them extend margin credit to almost everyone who can open their eyes and breath. Lately the money has gone to two places, stocks and mortgages brokers to lend to relaty customers. Most of the latter is bought by FANNIE and FREDIE. (Same game just different balnce sheet.) They also have gigantic in-house brokerage and commercial lending divisions. The latter often finance large corporations daily business and long term contracts. But in the end, it is all debits/credits for each user who has a stated limit on the credit/borrowing side. The size of the outstanding debt of the USGov, no matter who holds it, is dangerous, because it is used as collateral for other debt; hence the pyramid -house of cards worries. In the end it is all just multiple layers of "promises to pay." The leverage is probably close to 50:1. As many fear, it only takes one of these "major" players to default and break a chain. Notice what happens when there is trouble - it is like yelling "fire" in amovie theatre with only one small exit. Most don't survive.

Fri, 06/28/2013 - 11:23 | 3703373 The Master
The Master's picture

This is the chart CNBS does not want you to see.  Instead, they march out momentum-chasing charlatans who swear there is no correlation between QE and rising equity markets. Fuck 'em.  They deserve every bit of pain that's coming their way.

Fri, 06/28/2013 - 11:23 | 3703377 surferexx
surferexx's picture

thx for the POMO twitter reminder this morning.  Bought SPY calls right after the tweet!

Fri, 06/28/2013 - 11:24 | 3703378 Temporalist
Temporalist's picture

This is the beginnings of a major equity secular bull market...that is major bullshit piling up for years.

 

Perhaps this is the result of losing all those wrapped and bundled FRNs...that cash had to go somewhere and now we know it was invested "properly" in stocks.

Fri, 06/28/2013 - 11:24 | 3703380 Bangin7GramRocks
Bangin7GramRocks's picture

Keep waiting for the Washington Generals to win. I understand the game is rigged and am happy to be entertained by the Globetrotters. Quit fighting it! You will disappointed again and again.

Fri, 06/28/2013 - 11:36 | 3703426 disabledvet
disabledvet's picture

there's a lot of truth to that unfortunately. "Give them Greece." maybe that will help.

Fri, 06/28/2013 - 11:25 | 3703385 put_peter
put_peter's picture

Chigago PMS got some lacquor.

Fri, 06/28/2013 - 11:25 | 3703388 thismarketisrigged
thismarketisrigged's picture

im very impressed, wipes off 130 off dow in less than an hour. this man is powerful.

 

we cant have a losing month. the dow needs to finish up 0.61 pct to close june positive.

 

nasdaw and s&p need i believe 1.25 percent or something like that.

 

expect a monster pump in afternoon

 

god forbid markets fell 100 pts, intervention is needed.

Fri, 06/28/2013 - 11:26 | 3703390 Undecided
Undecided's picture

Thats one spicy meatball!

Fri, 06/28/2013 - 11:27 | 3703394 slotmouth
slotmouth's picture

It looked like it stopped at 50 DMA again. All investors are gone, there are only day traders and algorithms left in this market.

Fri, 06/28/2013 - 11:27 | 3703395 Reformed Sheep
Reformed Sheep's picture

Totally irrelevant, but an amusing way to read ZH from the perspective of Da Hood...

http://gizoogle.net/index.php?search=zerohedge&se=Gizoogle+Dis+Shiznit

 

Fri, 06/28/2013 - 11:31 | 3703407 Dr. Engali
Dr. Engali's picture

That's pretty funny.

Fri, 06/28/2013 - 11:39 | 3703442 maskone909
maskone909's picture

thanks thats pretty good~!

Fri, 06/28/2013 - 12:00 | 3703502 thecoloredsky
thecoloredsky's picture

I'm literally in tears. This should be today's Friday Humor except 'google diz shiznit' on marketwatch or bloomberg.

Da last few minutes up in Europe done been marked by a funky-ass bounce off tha post-FOMC plunge lows (just as up in tha US) but todizzlez weak close up in all tha highest-beta most-levered momo trades suggests thangs is not done wit yet fo' realz. As tha followin two charts show, once tha 'taper' uncertainty fuckin started (and US Treasuries started ta leak), Europe has been (almost) a one-way street worse...

Fri, 06/28/2013 - 12:00 | 3703505 Al Huxley
Al Huxley's picture

Nice, thanks.  How the hell do you find something like that?

Fri, 06/28/2013 - 12:23 | 3703569 1C3-N1N3
1C3-N1N3's picture

Shiiiiiit.

Partial Screenshot

Fri, 06/28/2013 - 11:28 | 3703402 rosiescenario
rosiescenario's picture

Did some of that free POMO / PD money find its way into the silver market?

Fri, 06/28/2013 - 11:31 | 3703410 Bay of Pigs
Bay of Pigs's picture

No, thats just the ZHers and other bottom feeders grabbing a few extra coins.

 

Fri, 06/28/2013 - 11:41 | 3703455 TheRegulator
TheRegulator's picture

I had to give you a greenie for that... 

Fri, 06/28/2013 - 11:29 | 3703404 Inthemix96
Inthemix96's picture

Never mind.

Our chancellor here has cut the welfare bill by another £11.5 billion quid for the coming fiscal year, all the while debt goes up (as it will, they borrow the cunt at interest), while increasing forgein aid by another £800 million, bringing the money they buy other fuckers off at £12.22 billion for the coming year.

And saddling the whole country bar them and their mates with the bill.  These fuckers have guaranteed the end wont be quick when the population gets their hands on them.  Mark my words boys, folk here will keep them alive for years while torturing the fuckers daily for the crimes they commit against not just us, but the world as a whole.

You listening B.Liar?  Your skins coming off with a blow-torch son, or a tattie peeler.  When they get you, you can pick which one you fucking cunt war criminal.

:-)

Fri, 06/28/2013 - 11:40 | 3703451 disabledvet
disabledvet's picture

"the force is strong with this one."

Fri, 06/28/2013 - 11:56 | 3703496 Satan
Satan's picture

Lol...Your posts are becoming more and more unhinged everyday...
I love it.

Fri, 06/28/2013 - 12:12 | 3703526 Inthemix96
Inthemix96's picture

Satan,

Seeing as you are the master of evil, and can come up with more ways than yours trully of skining a cat, your judgement is misplaced.

I just want B.Liar, you can have the rest, deal???

Keep it up fuckers.

;-)

Fri, 06/28/2013 - 12:28 | 3703585 Satan
Satan's picture

I was going to make Blair fuck his wife...with the lights on.

But that blow torch thing has me intrigued...

Fri, 06/28/2013 - 12:41 | 3703631 WAMO556
WAMO556's picture

I am ALL for the pineapple being shoved in their arses, prickly end first, of course. Got that idea from LITTLE NICKY.

Just saying.

Fri, 06/28/2013 - 11:30 | 3703406 nomorebuyins
nomorebuyins's picture

Big leg down this afternoon. Out of control soon.

Fri, 06/28/2013 - 11:33 | 3703415 Miss Expectations
Miss Expectations's picture

Does anyone else see what I see?

http://radar.weather.gov/Conus/northeast_loop.php

Fri, 06/28/2013 - 11:39 | 3703447 infinity8
infinity8's picture

WTF!?!?

Fri, 06/28/2013 - 11:48 | 3703479 Arkadaba
Arkadaba's picture

a glitch in the matrix?

Fri, 06/28/2013 - 12:03 | 3703506 Sabibaby
Sabibaby's picture

Disco Party

Fri, 06/28/2013 - 12:16 | 3703551 Herd Redirectio...
Herd Redirection Committee's picture

Nothing to see here, move along!

Back in reality: WTF! 

Fri, 06/28/2013 - 11:50 | 3703485 infinity8
Fri, 06/28/2013 - 12:19 | 3703558 Herd Redirectio...
Herd Redirection Committee's picture

Energy weapons...  Whats in Milford?

Fri, 06/28/2013 - 12:33 | 3703600 thelibcentury
thelibcentury's picture

wtf?? accuweather has it too.

edit: http://www.accuweather.com/en/us/milford-de/19963/weather-radar/337529

satellite glitch? what the hell is this?

 

can we get some debunking stat?

Fri, 06/28/2013 - 12:36 | 3703616 Herd Redirectio...
Herd Redirection Committee's picture

Don't believe your lying eyes.  Nothing to see here.

Energy weapons do not exist.

Fri, 06/28/2013 - 11:51 | 3703489 Jim in MN
Jim in MN's picture

HAARP!!!!!!!!!!!!  Watch out for tsunamis, meltdowns, and drunken celebrities.

Fri, 06/28/2013 - 11:33 | 3703416 q99x2
q99x2's picture

 Your title Pomo Arigato is causing my browser to experience Gay Christian ads.

Fri, 06/28/2013 - 11:39 | 3703441 Dr. Engali
Dr. Engali's picture

Maybe your pop up adds have a little bit more to do with what you are searching than they do with Tyler's headline . ;->

Fri, 06/28/2013 - 11:36 | 3703425 rubearish10
rubearish10's picture

We're one day closer to waking up to zero confidence in the USD. How many days left? Dunno but.......

Fri, 06/28/2013 - 11:37 | 3703432 docinthehouse
docinthehouse's picture

When do they have to settle up all the CDS losses on the interest spikes in HY and IG???

Fri, 06/28/2013 - 11:37 | 3703436 wagthetails
wagthetails's picture

can't wait to see how MSM "explains" this today.  anyone want to take a stab?

Fri, 06/28/2013 - 12:50 | 3703657 Smuckers
Smuckers's picture

Nope, there's only one or two stabs I really want to take.

Fri, 06/28/2013 - 11:38 | 3703439 Yancey Ward
Yancey Ward's picture

I'm just a man who's
Circumcision went beyond his control

Fri, 06/28/2013 - 11:43 | 3703462 augustusgloop
augustusgloop's picture

since no one has posted it yet: 

http://www.youtube.com/watch?v=3cShYbLkhBc

Thank you very much, Mr. Roboto! Brought me right back to 7th grade. 

Fri, 06/28/2013 - 11:45 | 3703465 Xibalba
Xibalba's picture

A Brave New World

Fri, 06/28/2013 - 11:45 | 3703468 Its Only Rock N Roll
Its Only Rock N Roll's picture

several players want that 10y UST to close below 2.50% today....too bad that's a market they can't paint the tape on!!!

Fri, 06/28/2013 - 11:46 | 3703476 Inthemix96
Inthemix96's picture

Oh, and another thing,

You know that family that lives down the road?  You know that one with the fucking retards for kids, they pop them out like fuck and us tax payers pay for them from craddle to grave, never done a days work in their entire lives?  Expect us lot to keep them, and leach like fuck at any excuse, and this new bedroom tax doesnt apply?  You know this family?

One of the homes they live in has 240+ bedrooms, that one?

Aye, well them fucking dole scroungers will be getting a £5 million pound dole increase next year, to bring the fucking parasites total to £38 million for a years idle-ness.

You know that family dont you?

Inbreded, retard cunts, from what I've been told.

;-)

Fri, 06/28/2013 - 12:32 | 3703597 Herd Redirectio...
Herd Redirection Committee's picture

I always wondered what does the term Royal mean.

Does it mean the rest of us are un-Royal?

Fri, 06/28/2013 - 11:50 | 3703486 The Invisible Foot
The Invisible Foot's picture

Lovely chart Tyler.

Fri, 06/28/2013 - 11:56 | 3703497 Atlantis Consigliore
Atlantis Consigliore's picture

POMO the twitter feed on HFT to us day traders so we can front run with the FED, and MF  Brokers...lol.

ill pay ya a piece of my piece for a 2 minute lead time like the other wall street crooks do.

LOL,  Free and fair regulated markets?  LOL, 

I d rather play a rigged card game in Vegas with Hookers.,  More honest even 

with the VEGAS fake bolt ons....

 

Fri, 06/28/2013 - 11:57 | 3703499 JesusUp
JesusUp's picture

Ben the magician levitational

is not so much the master criminal

the pumper dumper impresario

is just a hairless weasel

Fri, 06/28/2013 - 11:58 | 3703500 Atlantis Consigliore
Atlantis Consigliore's picture

Get Corzine in here next FED chief,  stat....I beg your PARDON???  

Fri, 06/28/2013 - 12:07 | 3703515 Satan
Satan's picture

Off Topic

If you google " fuck the NSA". " fuck you Bernanke" and " fuck Corzine"

ZeroHedge makes front page. :)

Fri, 06/28/2013 - 12:16 | 3703545 nmewn
nmewn's picture

lol...and if you Google "creepy ass cracker" the states star witness in the Zimmerman trial pops up.

Yes...the prosecutions star witness.

Which is kinda weird...the MSM constantly informs us only white people can be bigots ;-)

Fri, 06/28/2013 - 12:08 | 3703516 chart_gazer
chart_gazer's picture

The prop desk, bankers, secret trading desk etc that are the feds servants have $2-3T at their disposal already without printing another $. A few more billion pomo really doesn't matter. This is coincidence, the markets are trading on technical levels and the manipulators have more than enough ammo to move them when and where they want.

Fri, 06/28/2013 - 12:37 | 3703618 Mojeaux18
Mojeaux18's picture

POMO Arigato, Mr Roboto

Mata au hi made

POMO Arigato, Mr. Roboto

Himitsu wo shiritai

Fri, 06/28/2013 - 13:05 | 3703704 1929agin
1929agin's picture

Time.. purchased by the FED and Central Banks.... but, The relentless Deflationary crash appears to be gaining traction,

Commodities for manufacturing prove the" truth ", China is NOT buying from Australian miners, Copper, Iron ore, etc falling dramatically.

Gold peaked Sept 2011

$ US Dollar has now, after 2 year climb, quitely, has broken to upside with 50 Day crossing above the 200 Day

WTIC, Oil peaked April 2011 @ 114.83

$ Euro peaked Feb 2013, now (head/shoulder formation) looking to go much lower

Equities will be the final sign after clearly, all commodities have collapsed. The FED/Central Banks can only hide so many facts about this world econonmy failure to Deflationary crash. Already the $nya index trading below 50 Day ma, $wlsh index trading under 50 Day ma

Bond market jitters? All is well 20 year, TLT below both 50,200 Day ma, 10 year ? Dont think so

China/Japan/European markets?

QE limited by the price of Oil and strong US Dollar, imo

 

 

Fri, 06/28/2013 - 15:08 | 3704183 besnook
besnook's picture

there is no deflation. there is only a strengthening dollar and a poor economy that has driven commodity prices down. qe is has been given lots of room because the dollar is the currency of last resort as the highest rung on a ladder in a flood.

in fact, with the exception of precious metals, commodities are the only asset that does not lie. the world economy is tanking....and interest rates are going up. the world is a greek tragedy.

Fri, 06/28/2013 - 15:34 | 3704316 1929agin
1929agin's picture

**De-Flation**just a matter of time...slowly working its way around the world, $$Trillions of dollars in the ponzi scheme slow the process

 

 

Fri, 06/28/2013 - 15:39 | 3704348 besnook
besnook's picture

deflation in a fiat ponzi scheme is an oxymoron. it is illogical and even impossible.

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