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What Draghi Hath Wrought - German Yields Negative To 7 Years, Swiss To 14 Years

Tyler Durden's picture




 

Well if that doesn't stimulate aggregate demand...

 

 

We assume they'll just do more of it...

 

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Wed, 11/25/2015 - 09:22 | 6837337 bobert727
bobert727's picture

Transitory

Wed, 11/25/2015 - 09:30 | 6837371 XAU XAG
XAU XAG's picture

ESCAPE VELOCITY..............not

Wed, 11/25/2015 - 09:31 | 6837374 remain calm
remain calm's picture

They know what they are doing. FUCK NO

Wed, 11/25/2015 - 10:18 | 6837593 knukles
knukles's picture

Aaaararrararaaaaagggagahhhhh!
Hasn't anybody figured out that if the consumer was making a lot on his money (ie interest) he just fucking might spend more?  And not be feeling like he has to hunker down because he's being robbed ... which he is.... by the banks, the politicians .... everybody's got their hands in his pockets.

Oh and Happy Holidays to all you folks in the EU going shopping with the Terror Threat Shutdowns ... all caused by the weather
Aaaaaararrararagaagaggahhhhh!

Wed, 11/25/2015 - 10:28 | 6837628 FL_Conservative
FL_Conservative's picture

No bond bubble here. Please move along.

Wed, 11/25/2015 - 09:34 | 6837388 Urban Roman
Urban Roman's picture

BTFD in yeild. .

You'd think Au and Ag would go willd, but no.

Wed, 11/25/2015 - 09:37 | 6837408 achmachat
achmachat's picture

just pulling the beach ball further down under water... Watch what happens when they let go.

Wed, 11/25/2015 - 09:40 | 6837414 Uchtdorf
Uchtdorf's picture

I agree with you. I totally agree with you. It's that persnickety "when" thingy that bothers me so much. Who would have guessed that the market could defy physics for so long? Is it merely a function of our dumb-downdedness?

Wed, 11/25/2015 - 09:22 | 6837338 slaughterer
slaughterer's picture

Holy shit, this is fucking insane.  Somebody get this madman out of office.  

Wed, 11/25/2015 - 09:27 | 6837357 Seasmoke
Seasmoke's picture

We are going to need more girls in thongs jumping on tables. They are the only one with any balls. 

Wed, 11/25/2015 - 10:04 | 6837512 Ghordius
Ghordius's picture

long live EuroGirl! the most important lesson about her is that it's believable that a cute girl can enter a central bank conference and do such a gig... in the eurozone

even more believable that a young girl like her is a fiscal and monetary... conservative, a stance more often associated with old males like me

then she had nothing to protest about balanced budgets, did she? even if they are only somewhat balanced

Wed, 11/25/2015 - 09:23 | 6837341 RiverRoad
RiverRoad's picture

Coming soon to a theater near you.

Wed, 11/25/2015 - 09:26 | 6837354 wildbad
wildbad's picture

if anyone believes that any of their long term benefits will be solvent think twice.

Wed, 11/25/2015 - 09:27 | 6837358 Mick Shrimpton
Mick Shrimpton's picture

I hope the Fed raises rates next month and it absolutely fucks everything up for everyone.

Wed, 11/25/2015 - 09:33 | 6837379 Id fight Gandhi
Id fight Gandhi's picture

They won't. They'll hold off giving another rally into year end.

Even with the great recession we only had 1 down year, 2008

Wed, 11/25/2015 - 09:58 | 6837492 MaxMax
MaxMax's picture

The FED has been talking about raising rates for years now.  How many years has it been since 'green shoots'?  I think USA is going to negative rates.  If you are worth billions, maybe you accept negative rates for the security of getting your money back.  For the small saver, they will just pull their money out and banks will raise fees even more if you want to do business with them.  Imagine how screwed the money market funds, pension funds and insurance companies are.

Wed, 11/25/2015 - 09:33 | 6837381 remain calm
remain calm's picture

Agree, Janet would screw the pooch if she goes for it.

Wed, 11/25/2015 - 09:29 | 6837363 Catullus
Catullus's picture

I buy them because I think it'll go up in price. Everyone who trades bonds knows this is insane.

Wed, 11/25/2015 - 09:29 | 6837364 FranSix
FranSix's picture

Negative rates will only be temporary for the next 20 years.

Wed, 11/25/2015 - 09:32 | 6837376 Sisyphus
Sisyphus's picture

That's nothing; wait till it goes below zero and then see the fireworks fly.

No... wait... what...

Wed, 11/25/2015 - 09:30 | 6837370 slaughterer
slaughterer's picture

Am I supposed to quickly run out and buy Swiss watches and German luxury autos when I see these yield curves?  Don't think so.  

Wed, 11/25/2015 - 09:35 | 6837397 Sisyphus
Sisyphus's picture

Well, if you buy a Das Auto, you will get a Syrian/ISIS/Al Nusra/Allan's Snack Bar immigrant for free. Can you beat this deal?

Wed, 11/25/2015 - 09:36 | 6837400 Cautiously Pess...
Cautiously Pessimistic's picture

Well, you do have a duty to country to spend like a drunken sailor this Christmas.  Run those cards up.  Go get a title loan and spend that money too.  Come on in...the water is warm!

Wed, 11/25/2015 - 09:42 | 6837412 Haka Matohi
Haka Matohi's picture

For all you die hard skeptics: https://www.youtube.com/watch?v=mlwfGh-SVXw

Whenever doubt enters your mind replay the above.

When they come to reposses all your stuff replay the above.

When reality catches up, replay the above.

Wed, 11/25/2015 - 10:28 | 6837626 More Ammo
More Ammo's picture

I think "Everything is Awesome"  is more in the current progressives tone...

 

For all you die hard skeptics: https://www.youtube.com/watch?v=StTqXEQ2l-Y

Whenever doubt enters your mind replay the above.

When they come to reposses all your stuff replay the above.

When reality catches up, replay the above.

 

You are right on however...

Wed, 11/25/2015 - 09:57 | 6837487 NoWayJose
NoWayJose's picture

If he cuts again, the Euro will drop even more - making it cheaper for foreigners to visit Europe. The Syrian refugees are just ahead of the rush!

Wed, 11/25/2015 - 09:57 | 6837488 venturen
venturen's picture

They won't stop till negative 100%...they want your money to go to crooked stock traders!

Wed, 11/25/2015 - 11:55 | 6838127 Herdee
Herdee's picture

I think French socialism is going to implode.

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