• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

30 Year Drops To 2.99%, Lowest Since January 2009

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Wed, 09/21/2011 - 16:59 | 1694442 BrocilyBeef
BrocilyBeef's picture

right... 299 basis points for THIRTY FUCKING YEARS!

Wed, 09/21/2011 - 17:12 | 1694493 mayhem_korner
mayhem_korner's picture


Should make for some attractive mortgage rates (to look at) for the millions that can't refinance their upside-down houses.

Water water everywhere but not a drop to drink.

Wed, 09/21/2011 - 17:29 | 1694572 WestVillageIdiot
WestVillageIdiot's picture

And there wouldn't be any long-term danger in handing out 30-year loans at less than 4%.  Would there?  No, I'm sure they have thought of all of the potential problems this could cause.  After all, they are academics and oh, so fucking smart.

Wed, 09/21/2011 - 17:31 | 1694578 GenX Investor
GenX Investor's picture

Operation Titty Twister, and for our follow up act of pain on you... a purple nerple.

Wed, 09/21/2011 - 17:35 | 1694599 CrankItTo11
CrankItTo11's picture

Did ZeroHedge miss this? http://www.ft.com/intl/cms/s/0/43b10bde-e478-11e0-92a3-00144feabdc0.html#axzz1YcofmbS3

Moody’s downgraded the credit ratings of Bank of AmericaCitigroup and Wells Fargo, three of the biggest US banks, over concerns that the US government would be less likely to rescue the lenders if they faced failure.

Wed, 09/21/2011 - 17:58 | 1694705 CrankItTo11
CrankItTo11's picture

Sorry, I'm apparently blind, dumb, and ignorant. I'll double-check before posting something like that again. I voted myself down for that one.

Wed, 09/21/2011 - 18:31 | 1694855 LawsofPhysics
LawsofPhysics's picture

Well it is about bloody time.  I have been waiting for the collapse long enough.

Wed, 09/21/2011 - 19:01 | 1694949 XenoFrog
XenoFrog's picture

I voted you up because you were the first ZH poster in history to admit he was wrong about anything, ever.

Wed, 09/21/2011 - 22:18 | 1695458 tekhneek
tekhneek's picture

Ever? You checked?

Wed, 09/21/2011 - 22:19 | 1695459 Thomas
Thomas's picture

Hey, wait a minute. I was wrong about three years ago. Admittedly, it was a technicality, but I fessed up.

Wed, 09/21/2011 - 23:03 | 1695542 Hulk
Hulk's picture

Never, ever, been wrong in my life. But statistically speaking, its going to happen any minute now...

Wed, 09/21/2011 - 20:23 | 1695167 CH1
CH1's picture

May that be your worst mistake. :)

Wed, 09/21/2011 - 22:20 | 1695460 tekhneek
tekhneek's picture

Ha. No worries. Tylers were bustin' the site up like it was going out of style w/ new content... not a very slow news day to say the least. I had been waiting about a week for earlier today so... was somewhat glued...


Tyler, <3

Wed, 09/21/2011 - 17:38 | 1694614 Ned Zeppelin
Ned Zeppelin's picture

You kidding? check the pre-FOMC announcement posts here on ZH. No miss.

Wed, 09/21/2011 - 17:46 | 1694650 Jendrzejczyk
Jendrzejczyk's picture

The Tylers don't miss much.


Wed, 09/21/2011 - 17:53 | 1694686 SwingForce
SwingForce's picture

I only saw the post about BAC, and I was wondering why C & WFC were +2% most of the day. Look at the range on C today 2 points, er dollars (I'm old as Art), SwingForce in action.... Just gimme a vine & a banana.

Wed, 09/21/2011 - 18:46 | 1694897 Yamaha
Yamaha's picture


Wed, 09/21/2011 - 22:20 | 1695461 Thomas
Thomas's picture

A Golden Bug.

Wed, 09/21/2011 - 17:37 | 1694609 caerus
caerus's picture

damn...beat me to it...

Wed, 09/21/2011 - 18:08 | 1694760 Rockfish
Rockfish's picture


Wed, 09/21/2011 - 18:21 | 1694821 Captain Obviousness
Captain Obviousness's picture

Not sure if you are the first one to apply the "water water everywhere" quote to ZIRP, but I like this way more than the pushing on thread analogy.  Unfortunately family and friends will greet me with a blank stare if I try to make either analogy :(

Wed, 09/21/2011 - 17:14 | 1694502 DoChenRollingBearing
DoChenRollingBearing's picture

@ Brocily

Green for being completely right.  Take 3% for 30 years?  No way.  I wonder WHO is buying these (other than the Fed).

I'll take gold at $1780 now, and who knows how much in thirty years.  But, I'll bet gold does better than 3% per year, LOTS better!

Wed, 09/21/2011 - 17:17 | 1694521 mayhem_korner
mayhem_korner's picture

Gold is gonna push 3% per week sometime before 30 years is up.

Wed, 09/21/2011 - 17:22 | 1694544 LookingWithAmazement
LookingWithAmazement's picture

Gold is going to go down, because no new bubblemoney flows in.

Wed, 09/21/2011 - 17:25 | 1694556 fuu
fuu's picture

That may be the stupidest thing I have ever read on ZH.

Wed, 09/21/2011 - 17:28 | 1694566 DaveyJones
DaveyJones's picture

are you looking on with amazement?

Wed, 09/21/2011 - 17:29 | 1694573 fuu
fuu's picture

As a matter of fact yes I am.

Wed, 09/21/2011 - 17:28 | 1694569 LookingWithAmazement
LookingWithAmazement's picture

Wait and see.

Wed, 09/21/2011 - 17:33 | 1694590 mayhem_korner
mayhem_korner's picture

Not wise to threaten the pistol-wielding chimp.  :D

Wed, 09/21/2011 - 18:13 | 1694789 fuu
fuu's picture

Bang on!

Wed, 09/21/2011 - 17:35 | 1694597 tekhneek
tekhneek's picture

Son, I've been "waiting" and "seeing" for over a decade now.

We don't need another troll. MillionDollarBonuses_ has got that shit down pat.

Wed, 09/21/2011 - 23:05 | 1695545 Hulk
Hulk's picture

True dat, but MDB just be pretending...

Wed, 09/21/2011 - 17:25 | 1694558 Panafrican Funk...
Panafrican Funktron Robot's picture

QE, and the price of gold (even in US dollar terms), is not a US-only phenomenon.

Wed, 09/21/2011 - 17:25 | 1694559 mayhem_korner
mayhem_korner's picture

Over 30 years?

Wed, 09/21/2011 - 17:32 | 1694588 tekhneek
tekhneek's picture

Just wait til the PAGE opens. We'll see where gold's going... and it ain't down.

It's going to look like a unicorn boner by the time price discovery actually works.

Wed, 09/21/2011 - 17:48 | 1694659 ManufacturedOpinion
ManufacturedOpinion's picture

"It's going to look like a unicorn boner by the time price discovery actually works."

Of course, we'll probably all be dead by then.

Wed, 09/21/2011 - 17:50 | 1694661 LookingWithAmazement
LookingWithAmazement's picture

Lots of Comex traders will sell and PAGE'rs will buy. Mind you: gold can become TOO expensive for Asian folks.

Wed, 09/21/2011 - 17:51 | 1694672 tmosley
tmosley's picture

Sorry, physical delivery only on PAGE.  All Comex traders have is paper.

Wed, 09/21/2011 - 18:51 | 1694920 LynRobison
LynRobison's picture

Asia has been open for 45 minutes now, and gee, go figure, gold is not going down. How can that be? Gold is just a barbarous relic!

Wed, 09/21/2011 - 17:30 | 1694577 tekhneek
tekhneek's picture

790% return on AGQ since December 2008... just sayin'...

I have put all my paper eggs in that basket when it recently went down to the 170-ish area. Gonna ride this bitch and laugh all the way to the bank come 2015-ish.


Wed, 09/21/2011 - 17:39 | 1694617 BrocilyBeef
BrocilyBeef's picture

Tonight we eat Ponzi Pizza!

Wed, 09/21/2011 - 18:49 | 1694914 Yamaha
Yamaha's picture

I'm just glad that I picked up extra magazine clips for my Sig.....

Wed, 09/21/2011 - 18:57 | 1694939 BrocilyBeef
BrocilyBeef's picture

that's what I forgot at the market!

Wed, 09/21/2011 - 20:26 | 1695171 CH1
CH1's picture

Oh my God, how did we all miss that:

Let them eat Ponzi!!

Wed, 09/21/2011 - 17:52 | 1694677 DrFever
DrFever's picture

You should be selling your gold now.  If you truly feel that a liquidity crisis is imminent then you should not be buying gold here.

Personally, I think today's announcement seals the deal for the metals short-intermediate term. 

Wed, 09/21/2011 - 20:29 | 1695176 CH1
CH1's picture

As if there were an honest market in the metals? They are "worked," like pro wrestling matches.

Wed, 09/21/2011 - 17:54 | 1694688 jbc77
jbc77's picture

I'm with you. Any extra monthly saving go into physical bullion. Gold or silver, take your pick.

Wed, 09/21/2011 - 17:54 | 1694693 SwingForce
SwingForce's picture

There's a " + " PLUS sign in front of that number........

Thu, 09/22/2011 - 00:04 | 1695647 beelint
beelint's picture

It looks like Traders and the Fed are and maybe the Chinese as well.  Only the Fed would create a bond bubble and then buy at the peak.  Madness.

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