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For The First Time Ever, QE Has Officially Failed
Over two years ago in "Desperately Seeking $11.2 Trillion In Collateral", Zero Hedge first warned that as a result of relentless central bank monetization of debt, liquidity in bond markets would decline at an ever faster pace even as, paradoxically, these same central banks added "phantom liquidity" (the topic of another post from two years ago) to equity markets in their attempt to artificially inflate stock prices to record levels without fundamental justification.
Sure enough, with the usual 2-5 year delay, in 2015 the primary financial topic sweeping the mainstream financial media and all the "serious" pundits, is the collapse in bond market liquidity.
Some, the more naive ones, blame regulation. Others, such as iconic Citigroup credit strategist Matt King strategist explained - once again - that Dodd Frank is a negligible reason for the total plunge in bond market liquidity which is the result of, just as we warned, central bank intervention and the relentless ascent of algorithmic trading.
But even as everyone is finally arguing about the cause of the plunging bond market liquidity and has no clue how to resolve this biggest nightmare for what once used to be the deepest and most liquidity of markets (at least not without forcing central banks to sell the trillions in bonds they hold, a step which would free up collateral but also result in the biggest market crash ever), a far more ominous question has reappeared. One which, as usual, we asked nearly three years ago: what happens when central banks soak up too much liquidity.
Our answer, at that point, QE will have officially failed, because instead of lowering bond yields - which as a reminder is the primary QE transmission mechanism, one which forces investor to reach not only for yield but also for risk in other asset classes such as equities - any incremental bond purchases will start raising yields as the adverse impact from the illiquidity "premium" surpasses the price appreciation benefit from frontrun central bank buying.
Impossible, you say?
Not only not impossible but in one country it just happened. Sweden, and as Bloomberg sarcastically notes, "It’s probably not what the Riksbank expected."
What is "it"? Precisely what we said would happen three years ago:
Quantitative easing is supposed to drive down longer-dated yields. But as investors obsess over market depth, the Riksbank’s bond purchases are undermining liquidity and driving Swedish yields higher.
“The financial conditions -- the currency and the bond yields -- are moving in the wrong direction,” Roger Josefsson, chief economist at Danske Bank A/S in Stockholm, said by phone. The assumption is that “the Riksbank wants yields to go down and the krona to weaken, but it’s been the opposite direction recently. That should pose a problem.”
As can be seen on the chart below, Sweden’s 10-year government-bond yield, which traded as low as 0.2 percent in April, was at 1.1 percent on Tuesday. Its five-year yield was 0.4 percent, after trading below zero just two months ago. And though Swedish yield spreads have narrowed relative to German bonds, investors can still earn about 15 basis points more by holding AAA-rated 10-year notes issued by Sweden than they can holding similar notes from Germany.
Why? Danske Bank explains: “Swedish rates continue to trade strong relative to Germany because of a lack of material in the repo market as a result of the Riksbank’s QE program.”
The Riksbank targets about $10 billion in government bond purchases as it tries to revive consumer-price growth after months of deflation. That’s about 14 percent of the market or 3 percent of Sweden’s gross domestic product. Any efforts to expand asset purchases would deplete Sweden’s already limited sovereign debt supply, SEB AB and Danske Bank have said.
Adding insult to injury, now that the "virtuous QE cycle" is broken, the extra yield is adding to the appeal of the krona. "Since the Riksbank started its bond-purchase program in mid-February, Sweden’s currency has appreciated more than 4 percent against the euro. It’s up 5 percent against Norway’s krone and is 3 percent higher versus the dollar."
That will make it harder for the bank to prevent disinflation as import prices decline.
And since Swedish QE has now officially broken and every incremental monetization will merely boost yields that much higher as the bonds become ever scarcer, the Riksbank can well proceed to monetize more... only to end up with higher yields... and an even stronger currency!
Which is precisely the opposite of what QE is intended to achieve.
And just like that, for the first time ever we see just how the closed QE loop transitions from virtuous to absolutely vicious, and how suddenly the central bank is left without any recourse to push yields lower as the very mechanism that has been designed for this now is pushing yields higher.
The good news for the rest of the world is that there is still some unencumbered collateral left, and that - at best - the world's central banks probably have 2-3 years of monetization dry powder left. After that it's pretty much game over... and the monetary paradrop.
For Sweden, however, it may be far too late. Then again, the locals don't seem too concerned.
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QE has not failed. It acomplished exactly what its misson was to rob from the Middle Class and transfer that wealth to the top 1%.
By definition, QE must lower the yield. In that sense, it has "officially" failed. However, what you say is also completely true.
"Nasty"?
Let me see a little lower about that honey...
What? Huh?.. QE? Wazzat???
She probably doesn't speak English well enough, just like American's get Chinese symbols tatooed on themselves without understanding Cantonese.
Meaningless of course, because I can't look away either.
Don't care
That's some fine poontang..
Reminds me of favorite head banger song about it
https://www.youtube.com/watch?v=nwVdLPPIugI
@Nuubee
So she nails the message of the tattoo (two t's) bang spot on, but you guess it's by accident and she is like the Americans (no ' needed) who get Mandarin characters (most likely) tattoos and don't understand a word of Mandarin. Thinking you - obviosly American - are more proficient in the English language than a European - Scandinavian at that - is a little wishful thinking.
Nasty. Right above the hips. I think she understands all those letters. And can spell.
yea yea whatever, fuck QE, actually all i want is the name and phone number of the blond on the picture.
She's already taken. By Zlatan. Don't tell me you don't know Zlatan.
Anyway, go there. There's plenty, plenty more where that came from, trust me. As fine and better.
Failure hell, that pick looks like a top five all time weekend.
@Miles. Yes, but if you fuck around, they try to murder you with a golf club.
(like that's different)
Wait... Are we really talking about whether she understands English? I would much rather focus on her other attributes.
Well the good news is that we have the CB’s expected inflation for all of the stuff we do not care to buy or cannot afford anymore and controlled deflation for all of the fees, taxes, utilities and essential services that are crucial to our existence.
Oh, hold on there a moment.. maybe I got that a little mixed up.
Heck, all the Riksbank needs to do is pick another idiot US economist and give him an award in memory of a Norwegian explosives inventor.. that should fix everything.
whoa, if that drop dead gorgeous little nasty creature was just another 20 years older.. I hit it.
I lived in Turkey awhile back doing one of those volunteer things and the food and people and archeology are really incredible! An interesting thing is almost all men there have one big dream; to marry a Swede and move there while keeping a small vacation home on the Turkish Turquoise coast near, lets say, Bodrum, for example. No interest in American or British broads (sorry Emily), only Swedes.
I can't blame them but they are pretty focused.
I was incredibly impressed with Istanbul, loved the people, the vibrancy, the food and produce absolutely mind blowing (peaches the size of grapefruits and unbelievably good). It went to the top of my list for bug out location but the little Russian/Georgian wifey said it's a no go too much discrimination against women but for anyone looking for a bugout spot Turkey kicks the crap out of anything in South America. Very modern, very cheap (I went freakin crazy on the 10 cent candy bars) and they are so used to all ethnicities and cultures its very easy to meet friends and get along and everyone speaks english and multiple languages. As long as you can tolerate an occasional power outage which in our experience was romantic and fun under the right circumstances. It pays to make the most out of a bad situation.
Love Turkey! Fruit and vegis are awesome but only served in season. (The tomatos are all vine ripe, you know the season is over when you get tomato sauce on your sammich)
Turkish women are HOT! At least the ones I've seen.
"An interesting thing is almost all men there have one big dream; to marry a Swede"
It might be an irrational association with dark stuff and dirt..
they play it to the max… Swedish Bikini Team,,?
I had blond girlfriends most of my single life .. into my early 30's.
I married a brunette ..
Actually and this might seem a little shallow and prejudiced.. but I think the dark haired ladies are way more protective of their relationships and men.
If you dont know Zlatan see link ;
http://www.towleroad.com/2010/05/dont-dare-call-zlatan-ibrahimovic-gay/
Reporter asks if hes gay, his response to female reporter, come to my place tonight and I'll show you who is gay, and bring your sister . . . . and your mother
That girl in the pic is actually average for swedish, if u get the chance get to a club called Cafe Opera in Stockholm and you will see
And yes she knows what the tattoo means, Swedes english is usually almost on par with most Brits or Americans, their language is essentially a dead one don't forget
So its a warning label.
Ha,my man Moe. Warning lable or not, I'd lick her til my tongue falls off.
How you doing, my bro? Just clicked 12 years. Life keeps rolling.
As a person with blond hair and blue eyes, I'll never understand the Western media's unhealthy obsession with blond hair and blue eyes.
And for those who dwell in the twilight world of the non-football world heres what he does for a living
https://www.youtube.com/watch?v=Xh_KNH8QqSw
Doesn't lack for confidence the guy
She has an arrow just below the pants line...
They will find a new bag of tricks soon enough. They just need a good crisis. The most likely outcome of those new 'tools' will be that the banks and government will get stronger.
It will be interesting to see if any other central bankers rush to help the Swedes if things go sour. Will they try to save them (thereby saving themselves for another day) or will they allow Sweden be the new Lehman? Will they double-down or throw in the towel? Will Sweden become a scapegoat sacrifice to appease the all-power freemarket god to atone for their banking sins?
Tune in after the news.
(Each time these f**ckers get close to going down, they always find some trick to save their hides)
Fuck finance. It's time to go to Sweden to refresh my memory. I believe a society that produces a girl that fine in her twenties also has a complimentary population of women in their fifties. And all I demand is mere respiration.
While the wife and I are in the race to see who dies first; if I'm the loser I'm heading for Sweden.
I wanna see the tramp stamp that actually says tramp!
Here you go:
On a gay no less. Includes bonus "Stamp".
Here's some eye candy to counteract that atrocity:
You are welcome.
I am Chumbawamba.
The sperms are a nice touch!
As is the "666" logo.
All in all, a nice POT.*
*Pull Out Target
I wouldn't pull out if I thought she'd be a good mother. I think the tat means she wants to be.
Sexy is tattooless.
... and the missionary position.
Yeah I am with you on that. I am single and sometimes I bring home a beautiful date until she takes her clothes off.....Yikes. Nothing can turn a big hard boner into a lump of warm butter like two sleeves and a back job. How low class can a woman get?
Thank God I have a spare room downstairs that is completely dark.
Nowadays I ask without exposing my prejudice before hand.
i am not really into the tattoo thing and do not understand ppl thinking it is so damn awesome
and really i tell them it is going to look like shit when they get older and start to sag...
I too am one of the few, the proud, the needle-phobic...
The tramp stamp gentleman probably gets a Brazilian ass wax job. While undergoing laser penis hair removal to entice his Tranny friends.
As an old fuck I really have no idea why women think they are somehow more attractive with tattoos.
I (sometimes) go to bars and am amazed at the women that have shit carved into thier hides. That cute little butterfly on your ass is great when your in your twenties. But in your forties it more resembles the sinking of the Titanic or Lusitania.
Look, if you're a older woman, you are guaranteed that there are men out there that will appreciate you for who you are, love you, and fuck the shit out of you (well, once a week, we're not superman.)
God Damn, girls...grow up, get some self respect, and be who you really are...none of which requires a fucking tattoo.
No. The Swedes and others in them there socialist states actually attempt to educate their offspring. Normally speak more than one language fluently. My family heritage from Estonian education yielded parents that spoke Estonian, English, Russian and German fluently by the time they graduated high school.
Your take on Socialist States (I hope you're not in the USSA bud) notwithstanding, I agree. I've met Europeans who speak 4-5 languages regularly (as I'm not in the states). The tops I met was a lady from Dresden who spoke 10 - although she cheated a little having been born in Mongolia. UK-types not to be implied in this narrative.
> Your take on Socialist States (I hope you're not in the USSA bud)
Here in Europe we do distinguish between socialism and communism, and even those that disagree should be allowed to be heard. We don't label them as 'terrorists' because of opinion, there's simply this thing called 'freedom of speech'.
We also do not make an economical model a political one; that is just window-dressing for another, existing model.
I only meant the second 'S' in USSA was for Socialism. Actually, the first 'S'. It's a weird bastardized type of socialism - and probably doesn't hold up to the true definition of such. But we don't know what else to call it so as long as it has 'ism' on the end it works for us. I'm referring to all that corporate welfare (most of all medical industry, insurance, auto, big Ag. and offensive weapons) and of course the public welfare. It's a bastardized abomination of course and I'll leave it at that cause I gotta get back to the photo of Sweden's finest.
Ive pointed this out on several occasions, but here goes:
European/scandinavian style socialism cannot and will not work in the US. Those countries all mostly homogenous, one race/culture that makes up the overwhelming majority of the population. They don't have a huge and permanent underclass of black people who make up 40 million, or around 13% of the population that always, as a group, take far more than they pay in in social services from the govt. They also make up a massively disporportionate % of useless govt workers in jobs that shouldn't even exist, so many of the ones that seem middle class are actually just leeches lving off of make work govt jobs that aren't even needed, and are mostly created to make a pretend middle class of minorities via affirmative action.
Those countries also don't have a mexico/central america along a porous border of their country. They don't have 20 mil or more illegal immigrants in their country, living on free food, free education, free healthcare, free housing, etc while not paying taxes. Put these two groups together and you are talking about over 60 million people out of a country of 330 million that permanantly suck off the teet. Sure, not all of them do that, but as a whole, as a group, they do, and those scandinavian countries don't have that. There will be poor people who live off social services in and first world country, sure, (and there are plenty of white and asian people in the US that do as well) but none of those countries have the permanent 20% of the population like the US.
As an aside, they are working on importing their own, from north africa and the middle east. Like american black people, thy will never assimilate, and they will grow to hate the white people of those countries for 'oppressing them' if they don't already. this problem will get worse, they will regret letting them in. groups/cultures/races where the average IQ is only around 85 will never produce a function society. Plus, whatever society they are in, they will drag down. For some examples, see: every country in sub-saharan africa, and every inner city in the US
These countries also have a lot simpler tax code, they don't have states which also impose a crazy complex tax code of their own, and most importantly, they aren't supporting the largest military force in the world.
The US system is actually much closer to fascism than socialism (esp. in terms of medical industry, insurance, auto, big Ag. and defense companies).
... and Freedom of Speech thing? Please elaborate. I'm from the USSA. I've heard of it, I think...
English speakers tend not to bother with other languages, shame really but there it is
Most Swedes speak English better than most Americans. She is pretty average from what I remember travelling in Sweden. It is really pretty staggering how many very attractive girls you will see.
The Nordics did engage in eugencis where retards or kids who talked to much or acted up were often sterlized.
If the Kardashian klan grew up in Sweden in the 1950s and 1960s - the whole spawn of Satan would have been sterlized.
"My family heritage from Estonian education yielded parents that spoke Estonian, English, Russian and German fluently by the time they graduated high school."
I speak C, C++, Python, Assembly (of many different varieties), Perl, HTML, STOL, Visual Basic and can work in other languages. I have no need or desire to be able to speak Estonian or any other language. If I focused my efforts on speaking Estonian (or similar) I would not be better off than I am today - I would be much worse off. Unless, of course, the Estonians invade the U.S. and take over, forcing me to interact in Estonian.
Or you could move to Estonia and marry a hot Estonian farm girl, and write C code on your laptop for an Estnian high tech firm. But in order to do that, you'd need to learn to speak Estonian.
Your assumption is as wrong as it is hilarious :)
She will mot likely be far better at English than an ordinary American would be at any other language than English.
Scandinavians are usually fluent in english.
The usually speak perfect English too. I found a lot more perfect English speakers in Nordic countries versus the rest of Europe.
Very true. In my earlier career I worked on upgrading Sweden's air traffic control communications system. Their air traffic controllers spoke flawless English. It was stunning. Not a hint of Ebonics or similar. Some Swedes said that they liked my American accent (non-perfect English).
NASTY should look cool after she hits forty and has birthed a couple babies. The chicks tatoo themselves like they are going to be 20 forever. Trust me, I see women who twenty years ago went all in on tatoos. Fuck, does it look like shit on a middle aged woman.
She forgot the arrow tattoo pointing down to her fish smelling cunt.
u must not like girls and prefer guys by the way u talk
Married cocksuckerer. Keep fluffing your MSM fogget gay rights. You're a circus show for new lawyers and taxation magnets.
i feel sorry for your wife with your attitude about women's vaginas...
really was derogatory what u said....
i figured by the statement that u made u didn't have much respect for women and liked guys more
nothing to do with gay rights...
Be thankful my wife doesn't post on Zerohedge. She's worse than I am. By the end of her lecture, your manhood would be shot. We have the good cop, bad cop routine down to a science.
Double post. Another BlackBerry PlayBook failure. This is like posting on 1993 baud modem with broadband wifi. My BlackBerry Passport is charging for another two days of hardcore work. Mrs Atomizer is working off the shitty laptop with a finger track pad. I loathe laptops, desktop person. Computers are a about productivity. BB10 Passport is about swiping quick gestures, and security.
Sorry to hear about iPhone getting another BSOD. Tim Cook ass flamer has had this problem after Steve Jobs past away. He doesn't plan to correct it.
Sweden has Europes second highest literacy rate in English outside of the UK. So it is a safe bet that she does speak English, and probably better than the average Englishman.
this from an hostel owner:
EVERY swedish person i've met speaks great english. and i've known some that could discourse with better vocabulary than most americans (also the ones passing at my humble establishment).
so yes, she very most probably knows very well the implications of that tatoo in the context of it's surroundings.
too which i add, naaassssttyy..... ;)
As if we don't have enough to worry about already.
This could be the fatal "Black Swan" event.
http://www.washingtonpost.com/business/lululemon-recalls-womens-tops-bec...
QE didn't fail, they just didn't do enough of it.
- Paulie Krugman
Like the Iraq invasion or the regime-change via sodomization event in Libya, we just didn't "do it right."
Qunt Exploitation?
Still waiting for them to start dropping it out of helicopters or piling it up on street corners so I can carry it around in a wheelbarrow.
Hot Swedish chicks? I'm waiting for them to start dropping out of helicopters too..
And just to check with reality here for a minute; the US LONG BOND contract ZB; has also been dropping in price, or rising in yield since April; virtually in Synchronism with the Swedish Instrument. Please don't take my word for it; go to CME.com and under trading look under interest rates, and then under US Treasurys, and you'll find you can open a chart of the long Bond; the drop in price, (which is simply the inverse of the interest rate; ie. the interest rate has gone up); is remarkable. It may be very important; or not. If it continues; it damn well will be important. Buy Silver Bullion and hold it in a foreign jurisdiction.
What happens next? A massive rape spree of young white girls by black and Arab immigrants? Seriously, aside from the 10 year old Swedish girl gang raped by a dozen adult blacks at a Swedish water park, there was a 12 year old Swedish girl raped recently and the 18 year old black rapist got 22 DAYS of community service as his sentence.
Barbara Spectre – “Swedish” Zionist | Why I Left Sweden
http://www.whyileftsweden.com/?p=198
A disgusting witch with ulterior motives, white genocide. They plan to lord over the brown hoards w/o resistance. She actually said Europe can't w/o them!
https://www.youtube.com/watch?t=10&v=ROGnoNJc6Nw
Well, I ain't buying it as revenge for the Holocaust, it's bigger!!! More, like white genocide that began with WW1. Meanwhile, this happened while the whites were massacring each other in Europe before WW2;
http://www.youtube.com/watch?v=VEJ_7vJIuUc
https://archive.org/stream/TwoHundredSixMillionJewsAllegationsFrom190019...
Funny thing is, Einstein's(yes, I know, that's why I said it) ideas leading to the A-bomb put a serious kink into their plan. If they nuke the planet, there won't be near as many to control. I'd say we'd already be living in 'Marxist Utopia' if not for the bomb. A system built from within that would make Julius and Ethel very proud. 63 yrs ago, last Friday! Yes, I know, that's why I put them here;
https://en.wikipedia.org/wiki/Julius_and_Ethel_Rosenberg
No wonder they(leftists) are so anti nuke, except for the home base, Israel.
.
Savage Nigger apes need to be gassed.
What is it with you and white girls being raped by black people, some sort of weird fixation you got there
I've been told by blacks that the most important thing in their lives was to 'have' a white woman. Some sort of wierd fixation, indeed.
(fucking lib idiot)
So I am calling out this thick willy fuckwit for making 3 or 4 comments in quick succession about blacks/immigrants raping white girls on a thread about the swedish economy and you think he doesn't have a fixation and I'm the idiot ?
Please, tell me more about your worldview and what the blacks told you and how it pertains to the article
You are a fucking idiot in failing to acknowledge that niggers commit a staggerly disproportionate amount of violent crime . . . including rape. Needless to say, there are many more documented rapes of white women by niggers than vice-versa. Sorry to let facts get in the way of your soft-headedness.
Your love of the word nigger kinda gives the game away
Yea, it's really strange for a white man to be upset about a massive spree of rapes of white women. Quite an "odd fixation" I have. I'll take your advice and seek help to get over my anger at women and girls being subjected to a massive rape spree all over Europe. Do you know of any support groups I can join? Like, white guy's anonymous or something? Or maybe just anonymous. Oh wait...
Lived all over Europe my whole life and visited Sweden many times, bet you have never even been there. Never heard even one anecdotal evidence of this 'massive rape spree all over europe' which is the product of fevered racist delusional imaginations such as yours.
And yes you should definitely join some kind of support group
I first started hearing about the rape by immigrants issue like 5 years back - think via liveleak. I didnt think much of it, just figured racists were seizing upon a case or two to malign everyone.
But it is as if Sweden's government is run by people who hate ethnic Swedes - paid off by the NWO, space lizards, pick your conspiracy.
They have a real problem, and the lack of doing anything about it had made it worse.
Now - if these rapes were happening in Israel, it would be in the paper. and rightly so...
The total lack of coverage is truly *amazing*.
I despise racial supremacist stuff but there rally may be something to this "destroy nationalities" thing, destroy national identitiy, easier to rule over, eh?
At least in theory.
Information theory and personality psychology suggests to me that while national identities will be delinked from an ethnic one, one will be "French" as opposed to "German" or "american" even if your parents were mestizos from mexico.
We define ourselves by what we are not as much as by what we are.
anyway, the rapes in sweden - quite horrid. quite the epidemic.
Amazing the swedes havent begun a vigilante campaign really...perhaps knowing it would be spun as "anti-immigrant"
anti-immigrant meaning resisting demographic replacement by people like Barbara Spectre, who simply adheres to the Torah's eschatology of Jewish supremacy. Junk away... there's no doubt about it.
The whites have their kkk
the jews have their barbara specters and chabad and hillel.
I was reading the Svenska Dagbladet 10 years ago and the stories of rape never mentioned race of the perpetrator, unless he was white and Swedish. In Britian, Asian gangs have been raping teenage whites and training them as sex slaves. What do the courts do, not fuck all. Swedish liberals would rather have mass rape, then say a bad word about their cherished third world migrants.
"I don't think we have any idea what immigrant mothers give up for us. Give up their country, their family, their entire lives to move across the globe to a country that treats them like dirt because they're not able to properly pronounce a word, just so their children can have a better life, a better education."
An average human being would feel something when reading these words. The problem is that White Supremacy nutcases like yourself no longer qualify as human beings.
Wow; you're really crazy.
Eirik:
http://www.nytimes.com/2013/05/27/world/europe/swedens-riots-put-its-ide...
Notice how you don't see the "locals" rioting in Sweden over poor job prospects?
CBs never were very good with irony. like most of the sleeping public, they just don't get it.
This won't even slow down Yellen and Friends. Their arrogance cannot be underestimated.
Meanwhile, Hillary is obviously VERY worried about Bernie Sanders:
http://tinyurl.com/nq6rm7f
Yes, a mastermind false flag operation.
and collapse the financial system to put in place an all electronic currency you can only use with your smart phone and a finger print and a GPS tracker... so humanity will be like living in a giant prison....
Coming to a CB near you.
Bullshit bait and switch Tylers. Where's the bitchez?
Don't do well at reading comprehension and retention, do ya.
Blue and Yellow, Blue and Yellow - must be what makes the blond - green highlights.
You probably didn't notice.
Yeah, same one on the teaser, dipshit. Should be moar, but you're probably happy with the stock photo since you don't like girls.
Yea but was it ever really meant to "work" or was it just meant to inflate and keep things ok long enough for the smart money to get out once they've covered their losses.
QE is a program designed and run by Bankers to bail-out and to maintain the illusion of solvency in Banks. You have to absurdly naive to believe anything else.
Yes, it's designed as a hostile takeover of the private economy. It's goal is 100% taxpayer/debt servitude. They're doing in the west what they did thru violence in Germany, Russia and China 70-90 yrs. ago. The Goy are being cooked alive.
Zionists have found the hammer to beat us with, the banks.
That remains to be seen. Similar prophecies of doom about QE were issued when the first QE program was launched back in 2009.
What is undeniable, however, is that QE has steadily widened inequality, and disproportionately benefits the wealthiest in society. This raises pertinent questions.
.
If Swedish bond prices are "correct" then so are Swedish Equity prices.
Bonds priced in fiat currency will all go to zero one day.
However, I'm more curious about Swedish 'blonde' prices.. Or maybe lack thereof? How many beers, meals, and time spent on flirtation does it cost to be a "holder" of one? Preferably.. anywhere between a maturity of 1 night to maybe 1 week?
The success of QE is based on the hope that Central Banksters know what they are doing - and the fraud that Western debt can ever be paid back.
That QE has worked so long is a tribute to the lying financial media of the West.
I don't eat fish or anything that comes out of the ocean anymore. I drink Russian Vodka only.
What does Sweden have or make that I can't buy somewhere else ?
Swedish Death Metal, of course:
Entombed - Left Hand Path
Wait - that's an era gone by. Never mind. Svedka?
Is that her name?
Nah, it's what she drank in ample quantities before getting that NASTY tat.
Not sure? NOT a real blonde. Just check just below the 'Nasty'.
If your into blonde and blue eyes then move to Canada. As long as you can put up with a bad attitude-you'll be ok. Not worth the frustration IMO.
LOL! I was on a plane once and this young family booked their seats that were all screwed up.
I think it was to Denver.
The young wife was a Canadian by way of Sweden or Denmark (first generation). She was seated next to me. Very nice and very attractive blond. Somewhat of a farm girl from Calagary or some province west of Montreal but not British Columbia. So pretty that every guy on the plane was gawking.
try The Haunted, & Inflames ..... just saw them @ Hellfest.... ;-) killer live performances.
not sure, a Saab?
Sweden refines and exports a shit-ton of gasoline/diesel/heating oil to Europe and elsewhere. Maybe you use it and didn't even know.
I live in CA. My paid off condo uses electricity only. So question still stands. Also I like and drive Toyota Tacomas. If a Ford Raptor came out in a smaller size, I might consider it. Maybe with a V-6.
Toyota Tacomas and other Toyo trucks are real shit. They get frame rust.
https://www.youtube.com/watch?v=gxK3vFNyYxQ
I think the white ISIS Toyota Trucks got the underbody rust proofing from Al Goldberg Toyota in Langley, Virginia. Al has the contract with Uncle Sham.
https://www.youtube.com/watch?v=3QzTugASkTc
That's a recall . Good for me. I get a brand new frame after 10 years of ownership. Sweet! I beat the shit out of my truck! Can't wait for the new Tocoma design. I disagree with your hate towards Toyota trucks. Nothing but love for mine. :)
IKEA. Swedish Vodka is pretty good as well.
IKEA? Meatballs made out of horse meat. No thanks.
And ultra cheap looking furniture you have to make yourself when u get home
Horse? No way. I thought they were reindeer balls.
Electrolux, Ericsson, H&M, Ikea...
"Electrolux" and they think oh vacuum cleaners.
Try all of GEs appliances.
Last recourse is go full Weimar.
But Weimar was such a success, why wouldn't we go straight to Zimbabwe this time? I hear they are getting $5 for 75 trillion now days.
Step #1: Borrow $1 billion
Step #2: Buy 1 million ounces of Gold
Step #3: Dilute the currency so that 1 ounce = $1 billion
Step #4: Profit.
Who cares. I'm looking at the new Mrs. 44magnum
What's the old joke? Introduce your girlfriend as your future ex wife?
Hard to find a Swedish woman that hasn't been raped numerous times by blacks and carries several STDs these days.
Really ? Or is this just what you like to fantasise about
The Swedes can still turn it around and it would not take much. As soon as they start shooting - the shit would be on boats and planes fleeing. Amerika is beyond hope for the most part.
How can you put the rating bar below that honey and get less than 5??? Especially with "nasty" just above the finish line??
Hahahahahahahaha! Excellent!
Blond and Blue Eyed Beauties in Sweden are becoming an endergered species.
Import the real thing from Russia before they are all gone or simply don't want to come here anymore.
A gift to the Russian gene pool from the Wehrmacht.
Actually if you knew anything about history, you'd know that millions of German women were raped by Russian soldiers in the aftermath of the war. Half of eastern Germany is genetically Russian.
Actually, the Russians were originally a tribe of Swedes. Wikipedia:
"According to the most prevalent theory, the name Rus?'?, like the Finnish name for Sweden (Ruotsi), is derived from an Old Norse term for "the men who row" (rods-) as rowing was the main method of navigating the rivers of Eastern Europe, and that it could be linked to the Swedish coastal area of Roslagen (Rus-law) or Roden, as it was known in earlier times."
Who has 2 to 3 years of popcorn on hand?
...and pick up some melting butter and salt....and beer. This flick is longer than I thought.
That woman was in my home town for the World Cup just last week. And I didn't go to the game. Now that's dumb and dumber.
"disinflation"
You mean DEflation?
Why do I like Deflation? Because the Banks fear it....
sounds good enough for the lay person...
Tinder bait!
If the photagrapher wouldnt have cut off below da Nasty, we might be able to see how low her rates, I mean legs, go.
I cant help but chuckle at the fact she seems to like da Nasty. HEHE
Swedish women are indeed nasty because of all the STDs they carry after being raped repeatedly from the age of 10 on by asylum seekers/"refugees."
“It is far too easy to get a Swedish whore…… girl, I mean;” says Hamid, and laughs over his own choice of words. “Many immigrant boys have Swedish girlfriends when they are teenagers. But when they get married, they get a proper woman from their own culture who has never been with a boy. That’s what I am going to do. I don’t have too much respect for Swedish girls. I guess you can say they get fucked to pieces.”
Read more at http://www.liveleak.com/view?i=823_1254449779#zIPkelt2gUTUlfwg.99
Shit man, here you are again with your odd sexual obsession
Eventually, Zion, and their grifting banksters, plunder the soup of enough of the vegetables, pasta, and meat that only hot water remains.
Liberty is a demand. Tyranny is submission..
In the tale of "Rock Soup," the towns people are lured into providing a feast for themselves and the conmen that have come a calling. The modern day version is to retrieve our soup from the conmen that have taken it. We then may prepare a feast for ourselves, and a feast of the conmen for the guillotines.
"And since Swedish QE has now officially broken and every incremental monetization will merely boost yields that much higher as the bonds become ever scarcer, the Riksbank can well proceed to monetize more... only to end up with higher yields..."
Someone want to explain to me why bond prices go down (yield go up) as bonds become ever scarcer?