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Payrolls Reaction: Stocks, Bonds, Bullion Bid; Dollar Dump-And-Pump
The kneejerk reaction to the "miss" in jobs data is that it is great news... and reduces the probability of rate hike being imminent. Stocks are bid (hovering at yesterday's highs), bonds rallied (yields down 4-6bps), gold popped (after being dumped into the print) and the Dollar is tumbling (though seeing a bid and bouncing back)... bad news is good news it seems...
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Yellen still promising two rate hikes this year? Or was that in 2020?
No rate normalization during my lifetime Bernanke
http://www.zerohedge.com/news/2015-03-18/ben-bernanke-was-right-no-rate-...
We are screwed either way...rate hike or not...I don't think there will be one...
Learn how to become self sufficient grow your own food raise your own meat...get da heck out of dodge if you can
I'd prefer to have someone else raise my meat but in a pinch I can do it myself.
No rate increases EVER.
Fixed it for ya.
Gold BID ALL THE WAY to 1164!!!
Oh yeah, Yellen's shittin' her panties alright....
/sarc off
"bad news is good news it seems..."
Hmm, where have I heard that before in the last 7 to 8 years?
DavidC
Yeah almost checkmate time. Must be painful for those CB's to tell all those lies, Not
News is news it seems, and BTFD!!!
There's that term again: rate hike. Is that like UFO's and Unicorns...their existence has never been proven?
Even on "Fantasy Island" there was a cost and a consequence. This place is nuts.
A real rate hike, hell, maybe even a TOKEN rate hike, would collapse the entire international monetary system right now.
And given that the basis of that monetary system is the use of interest-bearing debt as collateral to issue non-interest bearing currency, and that the nature of the problem is that the accumulated interest payment on all that debt has already consumed all discretionary income, it won't get any better.
Even printing money will not make it better. On the surface printing money seems like it would inflate away the debts...except in this crazy system the debt must always grow faster than the currency. So printing more money just makes it worse.
So, it will collapse, must collapse, can not do other than collapse.
The rest of the story is a question of timing, and who seizes what powers and properties in the process.
For my part...elites love this communist/socialist stuff because it gives governments god-like power, and elevates those who control government to demi-god status. So, I expect either in a global league, or in individual areas, the elites will grab control of as much property as possible, and declare themselves to be the government under communist/socialist principles.
EXCEPT...there are practical limits to what people will put up with. And those limits are never as expansive as the demi-gods would like. And the would-be demi-gods ALWAYS REACT IN THE SAME WAY when they confront those limits...DEMOCIDE.
So...
You need to understand now that allowing elites to further consolidate power is by definition a death sentence for most of us...and a clarion call of how to react when the INEVITABLE financial collapse happens.
Begging your pardon, but I have only recently noticed posts by you. Very fine writing. I wish I could upvote you +1MM for your post just above. Please stay active here as long as possible...at least until the democide becomes unbearable.
Here, here!
There is no monopoly on truthiness but the idea of truth goes a long way.
This is a.classic deflation in my view and by the day debt levels appear unsustainable based on currency norms and normative levels of growth.
In other words since there are swap lines and there is no growth "the debt is defaulted upon."
I'd be very wary of anything not denominated in dollars for quite some time since you can't default on the money itself but see/not see if the money becomes worthless.