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Bill Gross Vomits All Over "Putrid" 30 Year Bond Auction
Just like in yesterday's weakish 10 Year auction, the thunder from Tuesday's strong 3 Year has all but gone. In today's issuance of $13 billion in 30 year reopening, the results were anything but strong, with the bond pricing at 2.985%, a a 3 bps tail compared to the 2.955% When Issued. Furthermore, the BTC was a big drop compared to last auction's record 2.98, coming at 2.60, compared to 2.68 in the last 12 auctions. And with Indirects taking down just 31.9%, and Directs sliding to a one year low of 7.2%, it means that it was the Fed, via the Primary Dealer repo mechanism that once again took down a whopping 60.9% of the entire auction. Needless to say, the bond market response was not pleasant, but was to be expected as the Fed continues to artificially massage the curve in any and every way possible. Most hilarious, however, was the tweet sent out by Bill Gross in the minutes after the auction which we present below: it speaks for itself.
And historical results:
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Awesome, judgement day?
Gross is more bitter than Kashya Hilderbrand.
I'll take your word for it, I haven't tasted her.
ba-dum -- ching!
I'll be here all week, folks. Tip your waitresses!
But you have tasted Mr. Gross?
pis aller
P O N - Z E E E E ...
Fiats Dollar Printing WITH GoldManip Goes on, as Normal ...
that's what he or she implies
chuckle
Does tasting cause bad breath?
Depends on if you ask your wife or your girlfriend........................I'm sure I don't have to tell you the answer of each one.................
But you did Gross?
No way, the Fed will just buy up everything in sight and then print a trillion GLD shares to naked short them!
Problem solved!
Shush. Don't give them any more crazy ideas.
You do a diservice to crazy...Feds are way past crazy. I wish the fed were only crazy.
At least someone in the establishment knows how to speak the truth. Bill Gross has openly said he supports Ron Paul as well.
http://ericsprott.blogspot.com/
I'd throw temper tantrums too if I got cut out of the club. waa waa waaa
He's also fairly new to the whole religion thing... making a hellaciously bad call on treasuries will do that to you... hoping to save some face in the midst of collapse and endear himself to the prols.
If I seen Bill doing yoga in his leotard in Newport Beach in the mornings, I would puke all over him!
The FED will soon be the only buyer of stocks
They aren't already?
Check out the Baltic:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
This is 2008 Redux trajectory-wise...
Gene great find- change the settings to a 5 year chart and see our great recovery in action. I see a DEPRESSION coming alongside the USS Economy.
Standstill, my friend. US, China, Germany all think they can fall back on export led growth and ain't going to happen.
obarry is doubling exports as we speak! make sure you vote!
germany has to export
u.s.a.'s export platform is china, period
china is the surrogate of us exports
china needs minimum exporting coming into new 5 yr transition planned strategy
china will consume imports abroad building out infrastructure where internal labor/ materials is a non-factor regarding gnp
china wins - why?
contrary to all the china bashing,... they listen to the proletariat, which certainly can't be said for america today
jmo
Ref: "Business Cycles" {dated material - mid 90's / but, oh so telling for today's macroeconomic policies} http://www.referenceforbusiness.com/encyclopedia/Bre-Cap/Business-Cycles...
You know why they listen to the proletariat, cuz their proles know how to riot and riot they will keep delivering 8%+ growth or China is toast..
cyself
i enjoy at times, playing, 'devil's advocate' - i'll leave others to sort out - my obective is strictly utilitarian --- being subjective towards critical legislation/monetary policy/ foreign affairs, etc., etc., regarding america's future is very close and dear to me,... which by the way i keep locked-up in a safe with my gold.
the objective utilitarian am i
Ps. perhaps delivering 5% - 6% growth while the us feigns its numbers at 2% -2.5% is worrying to some --- it's still 2x +/+
Yup. Yesterday's China and Japan news was a bell that rang unheaded by MSM. And then Germany's numbers weak as well. Final icing on cake was US retail numbers. Seems that the consumer buying spree included everybody except consumers.
Sweet plunge! Looks even better here: http://navigatemag.ru/indices/
I was following the Baltic closely a year ago hoping to see things going over the cliff. Maybe this is it.
Holy Shit Batman
Damn pirates.
A really low Baltic Dry is a great thing. You can bring in huge container loads of illegal immigrants much more cheaply.
Baltic Dry Index from 1900 to 1200 in two months and looks to be headed lower.
Something has got to crap the bed.
Over 36% fall in 2 months. Something is up...
That's because everybody's buying local nowadays, and that includes t-bonds as well.
/eos
They already are........ 100% correlation in this market since March 2009..... Been saying it for years now!
You forgot about the perma bull Robo....
fooled you Robo shorted the baltic dry with the baltic wet yesterday....
Cue President Zero to call for a lift in the debt ceiling to issue more putrid debt.
Rocket scientist everywhere today. And unicorns.
Markets way more resemble a landfill today, just heaping on more putrid compost and trash on top of more trash.
Hooray.
Just one more day, Dog. Just one more hit of hopium...one more yarn spun on the BlowHorn [CNBC] by some half witted banker...just one more QE...just one more illegal currency trade...just one more European between half witted politicians...just one more lift in the debt ceiling.
Just one more day, Dog.
Just like in 'Idiocracy' when they piled the trash so high it caused a sudden Trashalanche over the whole city.
Love that one, Dog...although the first time I watched it, it seemed more like a documentary to me than a movie. Anywho...I got's my degree from Costco...so I'm good to go.
This country needs a zombie apocalypse so badly it just hurts each day that I do not see the undead stumbling around on Wall Street.
Is it bad that this so true? That I am laughing? Or because it is both true and I am laughing? I can't tell anymore.
Oops. Found your undead at walking around at Walmart.
Many things we see are way to similar to Idiocracy.........unless that movie was made 500 years ago.........
I like money.........
Ow - your balls
just heaping on more putrid compost and trash on top of more trash.
Sheep: luv that one!
Sour grapes
LMAO...you mean the Same Bill G who has been short bonds now for fulking months taking on and off all over the place? That's like GS "puking" all over Euro$ at 1.27.
Same old sheet just another day
I recall that time period I was saying Gross was crazy to short bonds because the FED would be sopping them all up faster than truckers on sausage gravy.
On the other hand, are the bonds actually WORTH anything? Well, so far so good for today, and tomorrow...but bottom line theyre now only worth what the FED says and 1 day that will be zero, because what people dont understand is the FED buying bonds and monetizing all debt is the last act before the rug is pulled.
The last act of a failed dictatorship is the looting of the treasury. And considering how quickly that last debt limit increase lasted, they must now be using container ships to haul it away.
So blatant...what is going on.
Yup. And after looting the treasury they'll cannibalize whatever they can find. Even each other
Gross is Putrid.
That's gross.
144 is gross
Touché Mr Lennon Hendrix
And I'd vomit all over that Bill Gross faggot if I had the chance...
Do you have a poor gag reflex?
and yet we still talk about a "BOND MARKET".....
Same with the 'STOCK MARKET', really nothing but a FED generated hologram.
What a great gig....im issuing 30 yr hetman68 bonds to finance my deficit any takers........no......ok...let me hit the print button.......sold to me...SUCCESSFUL AUCTION! !!!!
The only thing to do now is buy tangible assets that can not be printed in mass by the evil powers that are driving us to a one world government.
Hello market wake up
One day, pretty soon I bet, we'll see an incredible Cat 5 Shiticane across the so-called financial world.
haha Mr. Lahey. The winds of shit are blowin...........
Something is brewing!!!!
Obama said: "Our money is an illusion. Money is nothing other than debt. The money that you carry in your pocket is other people's debt. “
This prompted a reporter to respond angrily: "Are you saying that the FED creates money out of fresh air - while others have to work hard for it?"
"That's precisely the case," answered Obama.
The US President explicitly advocated a new type of monetary system, but said that one had to bear in mind that this was an extraordinarily difficult issue. The last president who tried to do this paid for it with his life. Obama: "I don't want to end up like Kennedy
http://www.webcompact.net/index.php/news/4468-obama-dollar-just-an-illusion-
IF THIS TRUE STORY PEOPLE ARE GOING TO GO NUTS!
Believe half of what you see and nothing of what you hear!
ITS BULLSHIT
Bamster could screw his poodle on the front lawn while michelle danced a hulu around him in a Ben bernanke mask and the media would spin it... NDAA anyone?? This is not just politics it is an entire system dedicated to screwing and controlling you. The MATRIX is real and your in it..
The Difference here is that Kennedy went against the 'establishment'. Obummer is doing exactly what Soros and Rothchilds want......... they want a one world currency.
NOT GOOD FOR AMERICA!
Exactly, the JFK plans were to expose the FED and secret societies....Obama is doing the opposite this is about a 1 world currency, central all powerful bank plan.
Kennedy did no such thing. EO 11110 is a myth.
pods
Nice Try !! ................But NO WAY that is a true post
I clicked the link but there is no date on the article. There is little information regarding sources for the information. It states it will be broadcast on 60 Minutes, but does not say when. Am I overlooking something, or is this just smoke and mirrors BS?
SEARCH obama dollar illusion, its Bullshit
Don't waste my time linking me to total BS. That's some wet dream with no basis in fact. Obama would never say those things - he's too slick. he makes slick willie look like he's wearing a sandpaper condom, he lies better than a persian rug, he can fake sincerity better than a high priced hooker, he... well i won't waste any more of your time
and on that note, the market is green on impressive unvolume and silver back above $30.
Where does the money come from to buy all these bonds? I read revenues were down.
Here's a clue: The ink on the money is still wet.
Good luck with my riddle.
Phuck the FED!
well you're 2nd on the list of the Feds new 'hit squad' to seek out and find public Fed dissenters..
..Bill Gross is obviously now 1st
the 0.50 % they charge foreign banks for dollar swaps ?
When's the French downgrade coming into theaters near you?
The Americans downgrading the French? Is this some kind of theatre of the absurd?
All American uber-alles finance knows how to do is rape the poor, like in Greece, HFs like vultures ride that wave where they leverage thanks to their PD partners to get carry trades at ZERO in offense and the Sovereings pay 40% in defense. Thats a poker hand played with a stacked deck. Shoot the cheater like in Dodge. Doctor Holliday. Or you be a Clanton.
I have my entire 401k in Gross's Total Return Fund (can't touch it, pretax, company rules). I hope they don't burn his house down like they did MF Globals.
Better get it while you can.......
Think I will just take some money and copy, uhmm I mean print it, then pay off my debt.
WHAT'S the difference?
So which is better for the U.S.A.?
puking on the long bonds
or
peeing on the Taliban?
you can do both but it only makes you more animal and less sustainable as excellent human. FIxing the problem, the real one, not the false one, is the sign of excellence and sustainability.
Can the fraud reserve bring down the whole curve to 0? That would be interesting. That would mean that US can borrow a google of $.
At least, it seems Bill Gross, is willing to share the Truth with the Sheeple vs the Status Quo of the markets.
The problem with born again virgins is that they have a broken hymen...
why is that a problem?
It's not a problem for a penis... it's a problem for the woman when she tries to pretend she actually has a hymen (e.g. when bill gross does a bout face and starts bashing the hand that has fed him for so long). Needless to say, I agree with his comments, but he's parading around in a funny costume compared to his former self.
Gross is no longer as much of an insider as he was. They may come after his deep pockets. Hard to beat a rigged casino
Absolutely. If I were him, I'd find a local depository for some shiney stuff... possibly even buy the damn depository. If they buy some of these bundled mortgages for pennies on the dollar, the properties would be spread out everywhere, making it logistically difficult to confiscate efficiently. Plenty of options... none perfect.
Go short yourself!
OT: Bloomberg making those funny headlines again. Sure, it's daily, but this! Really? Lol!
Oil Advances to Highest Level in a Week on Nigerian Strike, Europe Outlookhttp://www.bloomberg.com/news/2012-01-12/oil-rises-from-lowest-2012-leve...
“It was a bit of a surprise for the European Central Bank to not lower rates and that spurred oil’s inverse dollar trade.”
UMM..everybody and their mother knew
I will see your OT and raise it
(U) Current Economic and Political Climate
(U) Exploiting Economic Downturn
(U//FOUO) DHS/I&A assesses that a number of economic and political factors are driving a resurgence in rightwing extremist recruitment and radicalization activity.
Despite similarities to the climate of the 1990s, the threat posed by lone wolves and small terrorist cells is more pronounced than in past years. In addition, the historical election of an African American president and the prospect of policy changes are proving to be a driving force for rightwing extremist recruitment and radicalization.
— (U) A recent example of the potential violence associated with a rise in rightwing extremism may be found in the shooting deaths of three police officers in Pittsburgh, Pennsylvania, on 4 April 2009. The alleged gunman’s reaction reportedly was influenced by his racist ideology and belief in antigovernment conspiracy theories related to gun confiscations, citizen detention camps, and a Jewish-controlled “one world government.”
(U//FOUO) Rightwing extremist chatter on the Internet continues to focus on the economy, the perceived loss of U.S. jobs in the manufacturing and construction sectors, and home foreclosures. Anti-Semitic extremists attribute these losses to a deliberate conspiracy conducted by a cabal of Jewish “financial elites.” These “accusatory” tactics are employed to draw new recruits into rightwing extremist groups and further radicalize those already subscribing to extremist beliefs. DHS/I&A assesses this trend is likely to accelerate if the economy is perceived to worsen.
http://www.fas.org/irp/eprint/rightwing.pdf
DHS encourages recipients of this document to report information concerning suspicious or criminal activity to DHS and the FBI.
Gross probably wants to be Fed chief, and I for one think he would be a good one. I'm waiting for someone to get appointed to UST or Fed chief who has some populist connections. I would suspect Obama might appoint someone at the eleventh hour to make the point, and try to win the election. (hi I've been on their side for 3 years and 10 months but this is where I really belong with all you good people : speaking of vomit) but the other gangsters are bailing out on Barry Titanic, Emanuel, and now Daley. he might have to throw us poor folks a bone in order to get four more years.
Gross is setting up an Albert Speer like persona to gain leniency at a future Nuremburg Trial for for the DC/Wall Street rape of America.
Everthing is well....because Krugman says so BITCHEZ!
http://krugman.blogs.nytimes.com/2012/01/09/very-serious-scare-tactics/
If the band on the Titanic had a vocalist, it would have been that douchebag.
Way to go with the vivid image without a picture. TU, TD.
10 (0r 5) year BDI
http://www.findata.co.nz/markets/index/bdi/chart.htm
#FCS
Great Tweet by Gross!
Federal Deficit at -$86 Billion, Debt Soars (Thanks to Uncle Ben) and Those Darned Animal Spirits!http://confoundedinterest.wordpress.com/2012/01/12/federal-deficit-at-86...
In what sort of world can the leading economies create unlimited debt without limits year after year? We are far beyond any ability to honestly repay debts from Europe, USA, Japan and China.....who does that leave???
The central banking cartel seems content to destroy the entire system as long as they gain relative advantage. Nothing else explains their ongoing support of profligate government spending and commitments.
We are so screwed.
pimpco can tweet anything it wants
this went down @ 2.955%; the auction a year ago went for just under 4.5%
if we do the mathTM we see that we have a 33% decrease in interest and it will take a 50% increase from here to get back to last year's auction rate
so, pimpco gripes b/c the bond price fell a bit here compared to the last auction and my chart shows the US Bond = 143.64 last (-.21)
so, the internals don't lQQk strong, but the "market" @ 143.64 may suggest that not all the bonds that went to the PDs will go to the FED altho it is policy under chubby checker that they sure may if the PDs' retail = 0
this is simply FED monetary policy, jan, 2012
the pimpco tweet = a cheerleader fart
unfortunately, on the Team bus & it seems fig newtons were involved!
gotta go, BiCheZ!
the present value of those thirty year liabilities has increased from whatever was issued at 4.5% a year ago to a much larger number. in this inverse logic world where the bigger your debt the cheaper it is, this feature is coveniently missed. the price of, say $10 billion of 4.5% 30 year bonds has migrated from 100 at issue a year ago to (25 years duration x 1.5% drop in interest rates = 37.5%) 137.5. Making an increase in liabilities of this amount. You won't hear this discussed anywhere and after all one could claim that the Fed has made a $77 billion profit on all its Treasury holdings (bandied around as the world's largest hedge fund a day or so ago).
This only work for as long as the Fed is the politburo driving the markets around setting prices in the overall economy. The value of anything is the discounted value of its future cash flows, you drop the discount rate and the theory has it you increase the present value. Trouble is, somebody will have to buy the Treasuries, since we have discovered that Treasuries are in fact money. Same as a dollar bill is money. It is printed and in criculation and will be needed by someone to exchange for VALUE (education, health, houses, cars). If there is 16 trillion of debt plus another x trillion of notes and coins, you have effective equivalence of debt and notes/coins in circulation.
The convergence between Zimbambe, Japan, the US and the RoW is rapidly approaching when the Fed and the Government will have debased currency so it is what it is.....paper and worth nothing.
15:22 TLT Pimco's Bill Gross says Treasury holdings in fund at its highest level in 13 months (119.73 -0.13) -Update-
Read more: http://www.briefing.com/platinum/InDepth/InPlay.htm#ixzz1jHKhBabA
Public Bill and private Bill not the same person...
Someone pull this rug back to 1068 Test and then test 1000-1020 this is so ridiculous. I really wonder what the net position of the NY FED in the ES IS? + 100000000000000000000 contracts i mean jeez.
We'll see how cool he is when Europe blows up and the 30yr yield drops below 2%.....we know he already has a template for that letter to investors.
Let me add that 30yr German bunds yield 2.44%, 0.53% below the U.S. 30yr and in the 2008 crisis the U.S. 30yr yield fell to 1% below Germany's....history repeats itself Billy.....they didn't come up with that phrase cause it happened once.
And...the Italian bonds were down today so the Europeans were asked to buy some of their own bonds versus U.S. this go around.