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Treasury Bills Reprice For February Default Risk
Very short-dated Treasury-Bills have dropped in yield this morning but you can't just get rid of that risk by kicking the can and it would appear that the February Treasury-Bills are already repricing higher in yield in preparation for the next fight...
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The only thing that makes America exceptional is its can-kicking ability. We have no equal.
There's gotta be a football team looking for a field goal kicker....
I wanna puke this idiots in senate have nerve to call it courage what they did...
I thought courage was when you unarmed are surraunded with enemies armed to their teeth and still not surrendering...
Let this be a lesson to all you young whipper-snappers out there. Kicking the can works!
The can called and said ''we are running out of road''.........
Oh Goodie!
Now we get taper talk alongside default and budget talk
Three for the price of one.
For full three months
Y'all come on back now, ya hear?
There are no fundamentals left in the decision making process. In fact not only is alpha gone, but beta has become 100% dependent upon politicians.
Wheee!
That's what I was thinking, ...
1) Taper is still impossible, 'economy' will be even weaker and macro worse, so yellen will print like crazy, hole gets deeper - no change thar.
2) In a slowing economy the dems will try to spike the 'budget', so the politics will be poisonous and the austerity word will re-enter stage right.
3) If all they can do is side-step a default by three months, clearly a default is in the pipeline, and the global system must and will react strongly, to that undeniable reality. The US dollar system is not just terminal, we can hear the death-rattle.
4) EU banks clearly have massive losses to book (investors know any money in that mess is up for bail-in, plus these will hammer the EU economies, so tripple dip likely) and I bet the US banks do too (gonna need a bigger carpet), so again there can be no taper, just the reverse. The very thing that has everyone pissed, is about to get worse.
5) Private funds are going to be 'nationalized', thus permanently lost via bail-ins, as opposed to being lost in the still-not-happening equity collapses, as an alternate mode of systemic failure, so the hot panic-money flows will increase.
This whole incredible nonsense is the result of the flat refusal to just let banks collapse. So they will completely kill the economy instead, destroy the politics and geopolitics of the world, put everyone out of work and back into poverty, and then the banks and currencies will collapse anyway, because banks go broke when their customers go broke. And there is no way out of that via kamikaze-nationalization, because the nationals are broke, and the bank's debts are much bigger than the nationals.
You mean this time is not different? (hee hee)
Happy Hump Day, bitchez!
hahahahahaha this is some quality entertainment boys and girls. at least we are being provided a few more months to stack.
hang on, is there more of the same shit in February 2014?
Seems they can only kick the can a few months now. Soon it will be only a few weeks then a few days.
I wonder why they don't just issue some million year bonds and kick all of this debt a million years into the future. Then everyone can live in a castle and drink fine wine. What are we waiting for?
How long can we keep this farce going?
"Fight" .......lol
more of the same in 3 months time???
http://www.youtube.com/watch?v=WWaLxFIVX1s
This assures Wall Street the billion dollar bonuses will be paid as the stocks finish the year near their peaks. I'm sure all here realize that was the ONLY thing that mattered in these negotiations. Anything agreed to had to take us past 12/31/13 to bask in the overflow of bonuses to Wall Street.
stateside
Yes, notice how the next debate won't start til after the holiday break and after this year's bonus pools are safely established...would be wonderful to know exactly how our Senators' millions are invested...defense and finance companies would be the safe bet.
I wonder what these spikes looks like in the derivative war room.
One day in the not too distant future, the Grim Reaper will step out in the road, pick up that can that has been kicked then raise his boney finger straight out and point it at ALL of us. There WILL be far more pain later on.
The Ruling Class is Fucked. The laws of physics will grant the oppressed the terrifying justice of Revolution. We are organizing and people are waking up. We'll see how many of you self declared "anarcho-capitalists" are statists or not, depending on whether you fund the crowd or the cops. Give us some land back, we'll farm it for free, feed people during the crash and you can keep your head once the guillotine gets rolled out. Sharing isn't that bad, really. People and societies can change. If you trust these clowns to keep this system up for you, you obviously haven't been watching the summers of revolt in Turkey and Brazil, continuing the waves of Global Revolution since 2011. Dissapointed, over-educated middle classes can get mighty uppity.
Don't know what all the kerfuffle is about...Japan shows that you can safely go to 250% of GDP...$40T debt and THEN I start pulling out of the stock market....give or take 20 years....