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Only problem is that perpetual ZIRP is already priced in...
ZIRP to 2013 is priced in. ZIRP to 2113 is not.
new credit/money is not being requested. Therefore, they have to print the coupon. Simple math
And why is new money not being requested?
Max Fischer, Civis Mundi
They will give us at least a "lost decade" to 2018 and 50+ years of mortgage amortization.
Wanna see their tools, baby?
Only 50+ years?And you forgot they will make mortgage debt non-dischargeable in bankruptcy.
Yeah, but every so often they want to refresh our memory. For example, "hey are you a saver?" Yes,sir "well, just want to remind you we are still right behind you plugging away at your sphincter"
And so it goes... totally necessary if we're going to break that DOW 15.000 mark.
Warned about this yesterday. Evans and CNBC: a lethal combo for bears. Sorry, the guy is deluded, but, hey, we can rename the Santa rally, the Evans rally.
no recovery as far as the eye can see = bullish...
Bullish for FAZ
Amen! FAZ it up!
I'm FAZ'd to the gills at the moment. Just waiting for that 8% gap down morning.
...sending WTI into a bid lifting tizzy, further lowering quality of life in the US. The criminal syndicate at its finest.
Do not panic. Another roughly $10 up and it'll collapse. Of course the new recession/depression will arrive...
WTI yes but not gasoline - markets pretending that prices at pump will not follow crude oil path. How long will this charade last ?
Answer: impossible to answer. WTI is so far out over its skis right now, that it is hard to imagine that it can drag gasoline up that hill. Contango coming into WTI suggests that the WTI surge is simply a market mechanical response to spread compression in WTI/Brent trade.
Furthermore, WTI is currently a crutch for the S&P...with the syndicate trying to keep that bloated trade working.
Odds favor both oil and gasoline retreating, but in the two local gasoline markets I experience, pricing has been inverse, providing zero annecdotal evidence of anything.
Sell them both.
Monti out? stay tuned
BBG reports Primo ministro in waiting in unshced meeting with presidente
Some reports simply suggest they have gone for lunch...
I know but everything is choreographed and this was not scheduled and one would think that Monti might be a bit busy hustling potential supporters, whatever the markets would totally implode if he were to throw in the towel
FUCK THE FED AND FUCK THE DESERTER AND FUCK ZIRP!
There is NO WAY this shithouse ain't gonna fold and NO FED MANIPULATION shall prevent the GREAT PURGE. ZIRP for FOREVER won't do shit.
Why don't you tell us how you REALLY feel...
Riots will be occurring long before 2013 at this rate. If people are only complaining that they cannot get a job, wait til they cannot afford food and food stamp programs are reduced.
Maybe, but based on my experience doing business in Russia in the 90's I would predict that there will be two economies (one state-run and one underground), paper will be abundant (we will all be billionaires) but supply chain disruptions, bribes, corruption, and black markets will be in abundance. Whether or not you can "afford" food, water, and energy will be irrelevant, availability will be the issue. TPTB have no problems with genocide, know your history and hedge accordingly.
We have long had the bribes and corruption here in the US. The only thing that seperates us from the post cold ward Russians is the the supply chain disruptions.
No shit, my point was that the bribes will get worse and become very public, almost like a policy. The supply chain issues will be what pushes average Americans over the edge. You are dealing with several generations who have never really walked into a store and experience bare shelves. One of my Russian friends once told me that the state officials in Russia told him that the reason store shelves in Russia were sometimes bare was because the Russian people were much "richer" than Americans and could afford to buy the products in stores. The state official also told him that the reason American stores were always packed with product was because most Americans were too poor to afford to purchase any of the products.
I wonder if the same propaganda will be used on Americans in the future when their shelves are bare?
In those days they'd also say Americans were starving. One Russian who came over here said, "They were right, most Americans I talk to are starving -- dieting!"
Re: Hadrian - Roman Emperor
I consider it good policy that the prince did not neglect the theatre or the circus and arena, as he well knew that there are two things which the Roman applaud especially—the distribution of grain, and games.
The neglect of the important thing [grains] causes great harm, of the frivolous thing [entertainment] greater hatred—the crowd hungering more for games than for bread, because by the gift to the people [congiarium] only those who are authorized to receive the grain will be gratified, while by the games the whole population is pacified.
—Fronto, Prim. Hist., p. 249, ed., Barthold Georg Niebuhr.
It is also interesting to look at Kosovo in the late 90's. They had a social reversal. The country mice became the winners, the city mice became the losers. In Russia, Ukraine, etc., people went to their "datchi" (homes in the villages), and vegetable gardens to survive. These Slavics already understood what hardship means, though. Here in America "hardship" will be a new concept, and will not be received well. There will be weeping and gnashing of teeth.
russian had a black market system for decades....we dont. when the corporations fold, that supply will disappear and there arent any other sources.....you cant compare the russian collapse to the american one coming. they collapsed 1 day after the revolution. we dont have public transportation, black market food systems. we dont 'own' our homes and neither does the gov....so we will eventually be kicked out etc etc etc.....the usa will be much worse off after the collapse.
I'd rather see voters reject big government entirely next November, assuming things don't blow up before then. But will they? Obambi will promise to take care of everyone and blame the problems on those Rascal Republicans. Boehner will cry and say it's not his fault. Pelosi and Reed will lie through their teeth, saying the Democrats need to control both houses of Congress.
I'd rather see everyone just sit on their hands - do a John Galt, in a manner of speaking. Let's all refuse to spend any money on non-essentials (screw the retailers) and instead donate to charities. Let's all take our money out of banks and keep it at home for a month. Let's stop flying around the country for a month and watch the TSA employees molest each other. Let's stop using credit cards for a month. What would TPTB do if We the People decided not to participate for a month?
Check on all. I actually told my boss the next time I am going to get on an airplane it will be in a pine box with a "Fed Ex" sticker on it.
Unfortunately the only way to reject big government entirely next November is to not vote.
The only way to reject government is not to pay taxes.
Unfortunately, they reject you back by having you ass raped in prison.
You could also do everything in your power to support Ron Paul.
that's loser talk son
My thinking is that I will vote in every election and I will never again vote for any democrat or republican (or republican wannabe's).
Evans is a dangerous dude. Can't somebody in DC remove this guy from the Fed? Oh, that's right. The Fed does not answer to the people nor their representatives.
How did that happen again?
Can't somebody in DC remove this guy from the Fed?
Can't somebody in DC remove this guy from the Fed?
And why would the fine folks in DC want to do that? His message is their wet dream!
Is there a way to remove DC? As in "remove from the United States"? DC and it's debt can become a separate nation. We the People can finally regain our freedom.
Fed operatives are deeply embedded in the US Treasury. Like...this is news ??
Evans should stop fucking around and just say that he expects the policy rate to stay low ad infinitum.
Also, at about 9:35 Bob Pisani reported that some German on a German Economic Board said that the ECB should be the lender of last resort or something like that.
Bob Pisani-Living proof that everyone is somehow employable.
"Year end bonuses are saved... The crowd (on the trading floor) goes wild!"
Yep, I think it was Pasani misinterpreting comments from one (out of ~10+) German adviser to Merkel – implying according to Pasani that ECB should be a lender of last resort.
Commodities spiked up parabolic on Pasani’s ECB printing money hope.
>the ECB, has just said it will not monetize.
But, but, but....surely they jest. Yeah, the're just messin with us. NOT!
When did we move from an enviroment where the Fed had a mandate, which was 99% carried out by tinkering with interest rates to one where is became acceptable for them to tinker with every corner of the economy at will?
I understand what the Fed did in 2008 was perhaps necessary. But NOW, they should shut up and go back to being seen and not heard (and audited often).
How is that a Fed governor who has no idea about how capital markets work and no clue how broken the transmission mechanism is, has the power to move markets?
All of this Macro tinkering is very counterproductive to any recovery (i know very debatable on the recovery part).
When did Fed Governors get their Superman capes?
January 20, 2009.
you assume the tinkering is done to help the 99%. wrong. it's done to sustain the 1%--To prop up the institutions, and structures that keep their power absolute over the 99.
That is why the market will never collapse, like it should. Like Winston Smith, you cannot defeat Big Central Bank:=Wallstreet And in the end you will hold 2+ 2 =5. Or that is to say you will hold the simultaneous beliefs that we live in prosperous economic times, as everything around us degenerates.
In newspeak, totalatarianism is capitalism plus plus (+privatizing of profits, +socializing risk)
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