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The Biggest Bubble in History is About to Pop

Phoenix Capital Research's picture




 

If you are an investor, your big concern should not be about what to stocks… but what happens when the bond bubble goes bust.

For 30+ years, Western countries have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes.

This was usually sold as a “temporary” issue. But as politicians have shown us time and again, overspending is never a temporary issue. Today, a whopping 47% of American households receive some kind of Government benefit. This is not temporary… this is endemic.

All of this is spending is being financed by borrowed money… hence, the bond bubble, the biggest bubble in financial history: an incredible $100 trillion monster that is now growing by trillions of dollars every few months.

We do not write that point for effect. The US alone has issued over $1 trillion in NEW debt in the last eight weeks.

The reasons it did this? Because it doesn’t have the money to pay off the debt that is coming due from the past… so it simply issues NEW debt to raise the money to pay back the OLD debt.

Sounds a lot like a Ponzi scheme… but the US is not alone in this regard. Globally, the sovereign debt bubble is over $100 trillion in size. Just about every major nation on the planet is sporting a Debt to GDP ratio of 100%+ and that is just including “on the balance sheet” debts… not unfunded liabilities like Medicare or Social Security.

This is why the Fed and every other Central Bank on earth is terrified of interest rates rising; because anything even resembling the normalization of interest rates would mean entire countries going bust.

Remember when interest rates move, they tend to move quickly. Consider Italy. It was considered one of the pillars of the EU since it adopted the Euro in 1999. Because of this, the markets were happy to allow Italy to borrow at stable rates with the yield on the ten year Italy government bond well below 5% for most of the last decade.

Then, in the span of a few weeks, everything came unhinged and the yields on Italy government bonds spiked, rising over 7%: the dreaded level at which a country is considered to be insolvent and set for default. It was only through extraordinary lending mechanisms from the European Central bank (the LTRO 1 and LTRO 2 programs to the tune of hundreds of billions of Euros… for an economy that is €2 trillion in size) that Italy was saved from potential systemic collapse.

Again, Italy went from being a former pillar of Europe to insolvent in a matter of weeks… all because interest rates spiked a mere 2% higher than usual.

Italy is not alone here. Western nations in general are in a similar state. This is why QE has been such a popular monetary tool for the Central Banks (since 2008 they’ve spent $11 trillion buying assets, usually sovereign bonds). QE was never meant to create jobs or generate economic growth… it was a desperate ploy by Central Banks to put a floor under the bond market so rates wouldn’t rise.

It’s also why Central Banks have kept interest rates at zero or even negative: again, they cannot afford to have rates rise. In the US, every 1% increase in interest rates means between $150-$175 billion more in interest payments on our debt per year.

Forget stocks, forget your concerns about this or that valuation metric, the REAL issue is what happens when the Bond Bubble pops. When that happens it won’t be individual banks going bust, it will be ENTIRE NATIONS.

If you’ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report Financial Crisis "Round Two" Survival Guide that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.

You can pick up a FREE copy at:

http://www.phoenixcapitalmarketing.com/roundtwo.html

 

Best Regards

Phoenix Capital Research

 

 

 

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Sat, 12/06/2014 - 08:16 | 5523407 Fullmoonisnear
Fullmoonisnear's picture

All these folks on here who don't believe a crash or reset is coming from all the signs and symptoms of this failing global economy sure do enjoy reading the articles everyday. When all of their financial assets and wealth go up in smoke we probably won't see as much of them...if there is still an Internet.

Sun, 12/07/2014 - 16:28 | 5526380 Prober
Prober's picture

Crashes of financial markets are intrinsic to financial markets, can, have been and will continue to exacerbated by central banks, BUT they have always been exploited by the politicians as justifications to make the politicians and the apparatus of government (laws, IRS, FED, police, courts, surveillance, etc, etc) more intrusive and more powerful.

The financial markets definitely will crash again, and then the politicians will roll out a whole new wave of control programs, including entitlements to make the sheeple dependent upon the politicians. This will go on unless and until the enlightened people overthrow the politicians by armed revolt - financial market crashes only strengthen politicians and governments, they do not overthrow them. The corrupt immoral system will live on, bigger and stronger, unless & until people physically tear it down.

Sat, 12/06/2014 - 08:10 | 5523402 TheRideNeverEnds
TheRideNeverEnds's picture

It's as if these idiots don't understand the FED has infinite capital to do whatever they want.

Do you know what infinity is? I assure you it's more money than they need to keep the bonds going.

Sat, 12/06/2014 - 06:42 | 5523339 cheech_wizard
cheech_wizard's picture

Now I need to dig up my Travis McGee novels and find the one in which Meyer talks about the banking system. Quite prescient, to say the least.

But I'll leave you with this from The Scarlet Ruse 1973

  • ... so divide everything into two hundred million equal parts. Everything in this country that is fabricated. Steel mills, speedboats, cross-country power lines, scalpels, watch bands, fish rods, ski poles, plywood, storage batteries, everything. Break it down into basic raw materials and then compute the power requirements and the fossil fuels needed to make everybody's share in this country. Know what happens if you apply that formula to all of the peoples of all the other nations of the world?

    You come up against a bleak fact, Travis. There is not enough material on and in the planet to ever give them what we're used to. The emerging nations are not going to emerge -- not into our pattern at least. Not ever. We've hogged it all. Technology won't come up with a way to crowd the Yangtze River with [speedboats].

    It was okay, Travis, when the world couldn't see us consuming and consuming. Or hear us. Or taste some of our wares. But communication by cinema, satellite, radio, television tape, these have been like a bright light coming on slowly, being turned up like on a rheostat control in a dark cellar where all of mankind used to live. Now it is blinding bright, cruelly bright. And they can all look over into our corner and see us gorging ourselves and playing with our bright pretty toys. And so they want theirs now. Just like ours, God help them. And what is the only thing we can say? "Sorry. You're a little too late. We used it all up, all except what we need to keep our toys in repair and running and to replace them when they wear out. Sorry, but that's the way it is."

    What comes after that? Barbarism, an interregnum, a new dark ages, and another start a thousand years from now with a few million people on the planet? Our myth has been that our standard of living would becoming available to all the peoples of the world. Myths wear thin. We have visceral appreciation of the truth. That truth, which we don't dare announce to the world, is what gives us the guilt and the shame and the despair. Nobody in the world will ever live as well, materially, as we once did. And now, as our materialism begins to sicken us, it is precisely what the emerging nations want for themselves. And can never have. Brazil might manage it. But no one else.

Sat, 12/06/2014 - 08:26 | 5523415 Clowns on Acid
Clowns on Acid's picture

Cheetch - Good stuff. Keep it coming.

Sat, 12/06/2014 - 02:13 | 5523138 JoJoJo
JoJoJo's picture

In 1925 the Dow ran from 100 up to 400 then it crashed to about 40 in '29. (Look at percentages of rise and fall rather than the low numbers) During those 4 years there were some who warned of a bubble or irrational exuberance - but were either ridiculed or ignored. There was a similar amount of wealth concentation at the top as there is today. I dont begrudge those who have been riding the bull for 5 years, stacking up the stocks, but you better get out at the top or its all gone.

Can you beat Goldman sachs, the HFTs and institutions? I dont have the time to keep my eye on the ticker tape 24/7

Sat, 12/06/2014 - 02:35 | 5523084 Goldy Locks
Goldy Locks's picture

Reminds me of the old speeches in South America :

Tomorrow ...the Revolution ! S will HTF very shortly !

Tomorrow ...the Revolution ! S will HTF very shortly !

Tomorrow ...the Revolution ! S will HTF very shortly !

Tomorrow ...etc....etc.

I was already hearing this speech when US debt was 6 T

Sat, 12/06/2014 - 08:32 | 5523420 Clowns on Acid
Clowns on Acid's picture

So what are you saying exactly ? That you don't believe that it will "hit the fan" .. or you are asking for someone to tell you 1 day before it does?

You don't add much to the conversation here. Kinda wasting all's time. 

Sat, 12/06/2014 - 11:51 | 5523637 Goldy Locks
Goldy Locks's picture

I'm not asking that somebody tells me 1 day before D-Day. What I'm asking is "stop telling us during 10 years that The Big One is for tomorrow". That is what I call wasting "all's time", as you say.

Bizarre you don't seem to understand the difference.

Sat, 12/06/2014 - 12:50 | 5523779 Clowns on Acid
Clowns on Acid's picture

10 years ...or.. the big one is for tomorrow?  WTF are you blabbering about. STFU and just read and listen and then make decison best for you.

These articles on ZH illustrate, unlike anywhere else, the imbalances and immorality that abound under the Fed since Greenspan took over until present day. When it ends and collapses either woith a bang or with a whimper your range of tomorrow or 10 years from now is too wide.

It won't last 2 more years. is that a tight enough window for you?  

 

Sat, 12/06/2014 - 01:19 | 5523071 NoWayJose
NoWayJose's picture

I get the bubble thingee, and the trajectory all but guarantees the bubble thingee will go pop - and there are a fair number of talking heads that speak or write about the current situation - but few ever offer the advice about what the post-bubble world will look like. What will happen to the big banks, little banks, housing prices, food and energy, wages, etc

Sat, 12/06/2014 - 03:48 | 5523215 Zero Point
Zero Point's picture

There's a documentary about it, called Mad Max 2.

Sat, 12/06/2014 - 00:50 | 5523039 Tic tock
Tic tock's picture

There's a case for arguing that all currencies are sliding fast - usually Sterling provides a raw sense of value, but not lately. If one presumes that the Dollar is in fact falling in real-terms, based on volumes of trade and contracts, in that there is less Demand for the dollar, then all the currencies are sliding fast. ..but there is a trend for smaller developing economies to want to attract savings, in a sense they are under-leveraged and sovereign and have less govt. expenditure. Whereas developed economies are currently saddled with too-large pockets of uncertainties and don't want the extra liability of relatively meagre savings. 

Fri, 12/05/2014 - 22:41 | 5522817 andrewp111
andrewp111's picture

This sovereign bond bubble can never pop in the traditional sense (interest rates soaring), as long as a country is actually sovereign in its own currency (which Italy is not). But a currency can blow up when the rest of world completely loses confidence in it. Will the Yen be the first major currency to be destroyed in this manner? If not the Yen, then whose currency blows up first? Inquiring minds want to know.

Sun, 12/07/2014 - 17:32 | 5526518 Prober
Prober's picture

Some currencies cannot "blow up when the rest of world completely loses confidence in it", eg USD, because in order for a currency to "blow up", ie lose its value relative to other currencies, the money must flee from the loser currency to the gainer currencies.

What currency would holders of USD flee to - euro, yen, sterling ruble, reale, peso, the Martian RedStone ??????

It will not be gold & silver because the politicians who still control the apparatus of government will not allow that.

So the USD is not going to "blow up" unless and until the people "blow up" the politicians/government.

You are better off waiting for Godot.

Fri, 12/05/2014 - 22:08 | 5522748 AdvancingTime
AdvancingTime's picture

Being the world reserve currency has for years allowed us to trade worthless paper for goods and services. We have in effect exported our inflation away. Paying on all those IOUs would be painful to say the least.

The games central bankers are playing in supporting their and other currencies has reached a dangerous level, we may be in the "red zone". Currencies are important chips in the commerce of government and the business of running a country. History has shown that in the past both leaders and governments have fallen with the demise of their coin. If people lose faith in the system it could just come crashing down around our ears. At a time when billions of dollars can be traded in just the blink of an eye imagine how fast things could go to hell. More on this subject in the article below.

http://brucewilds.blogspot.com/2013/01/currencies-games-in-danger-zone.h...

 

Fri, 12/05/2014 - 20:38 | 5522488 AdvancingTime
AdvancingTime's picture

Just for fun consider the following possibility based on people and institutions beginning to doubt the current system will work for much longer. This would mean nobody would want to loan out money for long periods at low interest rates.

 It might soon become apparent the economic efficiency of credit is beginning to collapse and the additional money poured into the system coupled with lower rates can no longer drive the economy forward.  When this happens we are at the end game.

At some point the return on loaning money is simply not worth the risk!  Why do you want to loan money if most likely you will never be repaid or repaid with something that is totally worthless? When this happens the only safe place to store wealth will be in "tangible assets" and the only lenders will be those who print the money that nobody wants.

The collapse of credit can pose major problems such as what we saw when many sellers were forced to demand payment up front before shipping goods in 2008. Credit is the lubricant of commerce. After a major reset real money and real positive rates will return as economics demand. More on this subject below.

http://brucewilds.blogspot.com/2014/06/the-economic-efficiency-of-credit-can.html

Fri, 12/05/2014 - 18:58 | 5522162 Prober
Prober's picture

Yes, the monetary/financial/economic/political system is severely dysfunctional, BUT there is no force that is going to make it spontaneously CRASH HARD and die, like a heart attack or brain aneurism. All these doomsday pundits WANT it to crash this way, but NONE of them explains how, why and when it dies this way.

History shows us that these complex dynamic systems continue living UNTIL they are KILLED, from either internal or external force, NOT by spontaneous death. The USA, EU and Japan will just continue to decline for decades, with all kinds of improvisations implemented to get past each successive crisis, BUT the system will continue functioning.

What you should expect is not an abrupt system failure but continuous decline in your quality of life, including higher taxes, higher living expenses, ever more intrusive government and aggressive militarized police, reduced civil liberties, etc, etc for year, after year after year .... UNLESS & UNTIL some critical mass of people go 1776 mode.

Sat, 12/06/2014 - 08:09 | 5523398 Fullmoonisnear
Fullmoonisnear's picture

So the system didn't nearly "CRASH HARD" in 2008?

Sat, 12/06/2014 - 23:42 | 5525066 Prober
Prober's picture

The event in 2008-2009 diminished ONLY the financial markets and the economy, NOT the power of the politicians or the power & scope of the government. As you can see in your rear-view mirror, the politicians invoked the apparatus of government that they still control and the economy recovered enough and the financial markets have soared to record highs.

Was I asleep, did I miss the armed mobs marching on Washington DC who overthrew the unconstitutional corrupt immoral regime, tore down the FED, etc ???

No, of course not. The politician masters are in far greater control now than they were before the little blip in 2008-2009, eg now they have fully militarized the police, so if the sheeple ever do find the balls to march on the politicians, they will be greeted by the American Stasi in blue, better armed than most country's armies are for fighting external enemies, eager to use their new toys and slaughter the rebellious rioters who call themselves "patriots".

We are all slaves of the politicians, the chains & prisons are the laws & structures of government crafted by the politicians and enforced by the immense all-encompassing apparatus of government, paid for by the slaves, enforced by the ruthless brutal gangsters in uniform and their accomplices in the courts.

There WILL be more financial market and economic crashes, but they will ironically strengthen, not weaken the power of the politicians and the apparatus of government because each instance will be exploited as a justification for more extensive government intervention and control.

Sat, 12/06/2014 - 02:40 | 5523173 Radical Marijuana
Radical Marijuana's picture

Whom the gods would destroy, they first drive mad.

--- Anonymous ancient proverb.

Fri, 12/05/2014 - 22:06 | 5522737 nightshiftsucks
nightshiftsucks's picture

Japan has only survived because the world was growing,Japan is nearing the end and will bring down everything else.

Fri, 12/05/2014 - 18:38 | 5522104 ms8173
ms8173's picture

These articles are becoming annoying!!!!!

Fri, 12/05/2014 - 18:25 | 5522062 Quantum Nucleonics
Quantum Nucleonics's picture

Hasn't this guy been forecasting the end for a couple years now.  I wonder if he feels the least bit ashamed at his shredded credibility

Fri, 12/05/2014 - 18:44 | 5522120 lordbyroniv
lordbyroniv's picture

said the guy with a mushroom cloud as his avatar  ;)

Fri, 12/05/2014 - 17:14 | 5521823 lordbyroniv
lordbyroniv's picture

 

 

 

Black people became the first niggers.

Soon enough we all will be niggers.

This is why Hip Hop is so BIG.

Everyone knows the future is MOAR niggers.

 

 

 

 

Fri, 12/05/2014 - 16:37 | 5521676 Radical Marijuana
Radical Marijuana's picture

The existing problems are due to the ways that FRAUDS WERE ENFORCED, i.e., how the money system was backed by the murder system, or how the debt controls were backed by the death controls. That became systems where the death controls operated through the maximum possible deceits, in order to maintain the debt controls based in the maximum possible frauds.

There is nothing within the established social pyramid systems which can resolve their inherent problems, since the only ways that ENFORCED FRAUDS can respond to their problems is through MOAR ENFORCED FRAUDS!

The article above was another demonstration of the ways that the debt slavery systems have generated numbers which have become debt insanities, which have no mathematically possible ways to be resolved within those systems, since those systems were always actually based on a kind of magical mathematics, whereby "money" could be made out of nothing as debts, which ENFORCED FRAUDS drove irreconcilable social polarization and irreparable destruction of the natural world to accelerate their trends at exponential rates.

Creating "money" out of nothing to gamble with has enabled a series of increasingly insane economic situations to pick up momentum, with one of the more recent examples being:

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

"For those looking forward to the day when these mammoth 'too big to fail' banks will collapse, you need to keep in mind that when they do go down the entire system is going to utterly fall apart. At this point our economic system is so completely dependent on these banks that there is no way that it can function without them.

It is like a patient with an extremely advanced case of cancer. Doctors can try to kill the cancer, but it is almost inevitable that the patient will die in the process."

Sat, 12/06/2014 - 05:52 | 5523317 GreatUncle
GreatUncle's picture

But if the patient is going to die better die on ones own terms.

Like you kill each cancerous cell one by one in the most excuciating painful way possible and because we can keep it alive repeat the process until finally the patient dies. Going to the grave now the patient can know in their own mind they kicked the shit out of the cancer knowing was going to result in death anyway.

Sun, 12/07/2014 - 02:02 | 5525327 Radical Marijuana
Radical Marijuana's picture

I agree, GreatUncle!

P.S.

http://www.alchimiaweb.com/blogen/68-studies-efficiency-marijuana-against-cancer/

68 studies on the efficiency of marijuana against cancer

Fri, 12/05/2014 - 16:07 | 5521541 estebanDido
estebanDido's picture

"Today, a whopping 47% of American households receive some kind of Government benefit." This is not the problem, this is money in the hands of consumers. The problems is that the  money does not go to production or investment in the US.

Fri, 12/05/2014 - 16:16 | 5521586 Winston of Oceania
Winston of Oceania's picture

"this is money in the hands of consumers"

Do you know why they call you "consumer" instead of citizen? It will sound better when the oligarchy deems you no longer a "net" benefit to their SYSTEM and leaves you to rot. Monies taken from the productive and then given to the non productive is like borrowing money for a vacation, it can only go on for so long before the productive stop being so.

Fri, 12/05/2014 - 15:03 | 5521315 will ling
will ling's picture

the pop will roughly coincide with the worldwide mushroom clouds. 

Fri, 12/05/2014 - 17:12 | 5521821 Eyeroller
Eyeroller's picture

And the shorts will enjoy a few seconds of victory before vaporization...

Fri, 12/05/2014 - 14:57 | 5521296 GFORCE
GFORCE's picture

Phoenix capital - calling the top since '09.

Fri, 12/05/2014 - 15:39 | 5521426 RibbitFreedom
RibbitFreedom's picture

So true. 

Fri, 12/05/2014 - 12:12 | 5520725 coast
coast's picture

Jim WIllie says the bubble will pop on Sept 52nd... dry humor guy...Anyway, speaking of Jim Willie, he really has become one of my favorites.  He seems to have xlnt information.  He knows whats going on.  He doesnt sell gold or silver, in fact he doesnt talk about it much and never even looks at the gold prices. He just explains economic events going on in the worl in a very interesting way.  I am attaching his latest interview, but its an hour and a half long.  I listen to it in the background while doing other things. Its worth the listening if you have the time...

 http://investmentwatchblog.com/jim-willie-no-prisoners-in-the-global-mon...

Fri, 12/05/2014 - 14:20 | 5521185 Citxmech
Citxmech's picture

The operative word here is that he "seems" like he has excellent information.  

Fri, 12/05/2014 - 12:01 | 5520664 pupton
pupton's picture

EXECUTIVE SUMMARY: The sky is still falling, just like we have been saying for the last 5 years.  One day we'll be right and THEN we'll show you!

Fri, 12/05/2014 - 11:51 | 5520628 prefan4200
prefan4200's picture
The Biggest Bubble in History is About to Pop

What is the exact catalyst? WHY is it "about to pop"?  I didn't see any reasons given, just that it's bad and getting worse, which I agree with.  WHY is it "about to pop"?

Fri, 12/05/2014 - 14:18 | 5521183 Citxmech
Citxmech's picture

Exactly.  Right now the fed is like that circus performer balancing a bunch of spinning plates while standing on a beach ball.

Who knows what will eventually send the whole endeavour crashing, or when.  What's more important is taking the time we've got to try and ensure some kind of personal security.  

I think, no matter how long this shit show is maintained, that is sure won't feel like it was long enough once the fat lady starts singing. . .

Fri, 12/05/2014 - 15:40 | 5521430 RibbitFreedom
RibbitFreedom's picture

That is the problem for most people, no extra income or time to create real freedom. 

Sat, 12/06/2014 - 10:08 | 5523490 Raging Debate
Raging Debate's picture

RibbitFreedom - True, its is harder now to have time to conduct research and learn how the world works to create or preserve wealth which grants more freedom.

However, when I see a majority spending there extra time on Facebook discussing Kim Kardashians ass instead of using the Internet for research which can help one's posterity, defend against predation and improve one's health (the best hedge of all) I can opine the majority is still making a conscious choice to allow predation.

China is the new GRC, it means that the US American cannot keep printing (unless the leaders really want a revolution which I don't believe). I believe the debt will be resturctured by default created by false flag with bondholders and government pensioneers both getting steep haircuts. I believe this will happen by 2020. I expect to see America 2.0. No government lasts forever and the people driving the bus are the ones who put this in motion years ago.

I don't think it will be a new "dark ages" or Mad Max unless nuclear war happens. A possibility but unlikely.

The CFR and BIS built a new Constantinople in Bejjing rotating the GRC seems to be the model. Lots of global media now talking about how the West is bad and the East great like when the reverse was happening when I was young.

I try to make hay while the sun shines and put it into hard assets less likely to be stolen as seed corn for a brighter day even if that is a decade or two away (I believe less than a decade).

Like the Duma after the fall of the Soviet Union, America 2.0 will have 2/3 of the same politicians in office.

I am optimistic about life and mankinds future but since neither go in a straight line I chose at an early age to try and understand how the world works. 25 years later I get it and have some freedoms. I try to educate others but there is stil debate here about who the GRC now is even though the IMF stated it is China this year. Looking at Britain in the early 1930's as a former GRC is useful as America has followed pretty much the same pattern.

Fri, 12/05/2014 - 14:44 | 5521266 Eyeroller
Eyeroller's picture

Someone get that bitch to Carnegie Hall, QUICK!

Sat, 12/06/2014 - 12:03 | 5523664 messymerry
messymerry's picture

Long experience has shown us that calling the fat lady a bitch is a bad idea. She weighs near 25 stone and quick as a cat...

I will stand by my assertion that the man who would be king will still be immaculated when TSTF. This powder keg is going to blow up in our collective faces before the end of 2016.

OBTW: The above information is worth exactly what you paid for it...

;-D

Fri, 12/05/2014 - 14:16 | 5521170 Eyeroller
Eyeroller's picture

Fuck WHY, what we all want to know is WHEN...

I believe the author!  It's all a ponzi scheme.  We KNOW that.  But HOW LONG can these bastard banksters keep it afloat?

Sat, 12/06/2014 - 02:05 | 5523133 lasvegaspersona
lasvegaspersona's picture

the answer to when is in this article, it is not exactly when but the answer is ...soon...

http://fofoa.blogspot.com/2014/12/global-stagnation.html

Sat, 12/06/2014 - 06:28 | 5523330 StychoKiller
StychoKiller's picture

I thought FOFOA was no longer blogging; time to catch up then...

Sat, 12/06/2014 - 01:35 | 5523093 lucyvp
lucyvp's picture

Hate to say it, but i guess its going to be a few more years before the big blowup.  I think it will be very interesting when old debt cannot be rolled over to new debt at a lower rate.  In a few more years I think that will become difficult.   A lot of debt still existing is still pre-zirp.

Fri, 12/05/2014 - 20:21 | 5522436 waterwitch
waterwitch's picture

until they run out of paper. 

Long paper mills.

Fri, 12/05/2014 - 15:42 | 5521433 prefan4200
prefan4200's picture

@Eyeroller - Sure, I'd like to know when, too, but any idiot can just throw out a date and say "this is when".  I want to see the thinking and analysis behind it so that I can agree the "when" makes sense because I comprehend and agree with the "why".  Thus the "why" is more important to me.

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