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Two bond "markets", one yield...
Charts: Bloomberg
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Next up the good ole' U S of A
LMAO
AD
Us muppets are all sashimi to the New World Order, whether in Japan, Europe or the States.
Axis powers reunion? but where is Italy?
The major indexes all have fractional gains so far, yet the UP Volume is only 30% of Total Volume. Looks a little bit like a pattern of distribution. But as the yield on safe sovereign bonds approaches 0, might as well BTFD.
Italy isn't invitetd this time. We replaced them with the Russians.
Another financial contagion and another reason to shit blood. Lots of "viruses" going around.
US 5-spot gettin' some luv today -- 9bps worth.
Things come in 3s
just sayin'
Once it's clear you can never pay your debts it's obvious you must be able to borrow for free,
Make ithe loss of yield up in volume.
Someone open up the Necronomicon Fed Doomsday book.
Listen Hearted.
"GOOD" things come in three's!
I thought it was celebrity deaths that came in 3's. Oh, I see your point.
How did that old song go again? I think I'm turning Japanese, I think I'm turning Japanese I really think so! Was this an old Oingo Boingo song? Don't think they were singing about bond yields however.
we've been running japan's playbook ... don't know why anyone would expect different result.
That would be The Vapors, which is quite close to what this whole thing seems to be running on.
Yesterday's theme was music. Today it is scheizer porn.
My bad and thanks for the correction. Now I remember one of Oingo Boingo's most popular songs, It's a Dead Man's Party. Probably even a more appropriate song for this party.
Just Another Day or No One Lives Forever always fit too.
Two men enter, one man leaves.
"Low-Yielder"
"There can be only One."
One step closer to Global bond / currency parity for the great reset.
Does this mean that the Germans will buy Pebble Beach? I thought that was the Chinese?
Somebody, please publish a program!
No, it's the Chinese that are supposed to buy Pebble Beach.
Then the Japanese will invade it and rename it "Montereykuo."
so does that mean the european stock market will double as it did with the nikkei under Abe?
so does that mean the european stock market will double as it did with the nikkei under Abe?
more likely non-Japan is where Japan was when the Nikkei peaked at 39,000. So just before a 75% collapse and a 30% rally of a low
Ha ha ha
(Choking)
Does this now mean the French are bigger fans of Kiss than Jerry Lewis ?
So that's who likes KISS?
I keep wondering who keeps propping up that tribal led band.
My understanding was that the Japanese were their biggest fans, though perhaps times have changed
And US 5 yrs are still paying 1.6%. Ah, you may want to pick some up as they will probably join the pack.
Serious question: Can someone explain me what is the meaning of this chart? I always understood that low yields mean an stable economy thus should be good. But here Im reading it as if this is a shit.
Thanks.
stable only through the will of the central bank(s). if major currencies 'cost' the same (as % rate are the cost of money), theywill be more easily subsumed into one currency, SDR perhaps, maybe a 'Western Dollar'. but the Fed is very close now, with rates very low, massive swap lines in use, more or less buying euros and yen and replacing them with dollars.
the next final, "coup" de grace (to whom? who is the Fedsenemy?) will be unparralleled massive printing, as an emergency measure of course. in the fedcharter it gives the fed much leeway on what it determines are eligible securities to buy. japan an disrael already by etfs. imagine 100B/month of equity buying. but first it has to get real bad, so -50% on the dow, then the last 5 years will seem quaint, a mere 200% in 5 years! HA! lets do it in 18 months so werer back to 17000 in no time. perhaps even a debt jubilee for student loans and targeted homeloans, suddenly those with incomes (govt provided or earned) suddenly have a lot of disposable income, and inflation--just a dollop for a few years then 'normal' rates. they really have to find a way to move the decimal over in prices and wages to get rid of 18Trillion in debt AND make the US dollar the only currency, controlled by the Fed, natch.
and what you said! :)
this chart means that central banks havemonetized the last fifty years of fiscal deficits and turned government bons into bank notes.
the action has migrated from physical bonds into "risk on" activities via repo of these bonds into such areas as catastrophe bonds, high end real estate and equity markets, plus of course the switch from saloon cars to SUV's.
ta da!
Soon to be followed by the U.S.
Land of illusion, land of delusion, land of profusion of whats not necessary, land of paucity of whats essential.
Land of the free, home of the brave?
Have some tea but no sympathy from me.
ISIS in Abu Ghraib and in border town on Turkish front. Well done Pax "whatever you call it".
Thats the reality on the ground.
Is IT, --obscurantism's rabid return-- floating in the air of all continents, like that deadly disease we can't control and whose impact is still virginal, not yet gone global like Apple's #6 ?
Some world ! Whose challenges remain unknown to the known as to the unknown of this world.
We are all equal in some situations.
gimme one yield...
gimme gimme gimme...
Fried chicken
rates will never go up, they will print and buy, print and buy; and then systemically important corporate bonds; and then index etfs to provide income to retirees cashing out to pay living expenses.
thats what the secret book says, buy everything, ask questiions later, but it has to be really bad otherwise they wont feel grateful!
To me the big question, the big mystery, has been why have the Japanese people put up with a decade of hard times so patiently?
Now we get to wonder, will the Germans be so patient?
Both Japan and Germany are countries that have experienced deeply humiliating defeats, but the ruling classes of both have gone on to accumulate great wealth and industrial strength.
(Germany's rulers had a bigger scare though, and perhaps are only now getting over it. After all, it was within living memory that a quarter of their country fell into the hands of Germans who had sided with Soviet Russia, who came to power behind a wall of Soviet tanks, actually tried and shot some of them and confiscated all the East German assets of their corporations without compensation.)
Both Japan and Germany are still occupied by US troops and Anglo/American banks.
First Japan, for whatever reason, was driven down into depression, with the price paid mostly or entirely by their regular people. Now it seems to be Germany's turn.
Now both countries' rulers, although they've personally made out quite well, are staring into the abyss, as are we all.
Do they believe they're facing a threat to their accumulated power? Would they leave their own countries behind and trust their personal fortunes to the World Empire?
Or will they rally with their people in an attempt to break free as the Empire slumbers toward its demise?
How will the drama of this moment of choices play out in their boardrooms and on their streets?
Or ours?
"To me the big question, the big mystery, has been why have the Japanese people put up with a decade of hard times so patiently?"
Look around. The answer you seek is all around you.
No, reject, sadly it's the question that's all around me.
I have lots of answers, which is a lot like no answer at all.
https://www.youtube.com/watch?v=gEmJ-VWPDM4