To restate the obvious, monetary and fiscal central planning
policies have crowded out investment, suppressed price discovery
and killed growth worldwide. Interest rates correlate to growth
rates.
Posted by sbaxman111 on 16th of Jun 2016 at 11:27 am
I read a very interesting interview with Trim Tabs chief
Charles Biderman on "The Politics of Fairness" where he predicted
2% mortage rates and a 1% 10 year Treasury rate within 12
months. Biderman thinks that negative interest rates have the
potential to be a real disaster for the banking
system.
Today the Swiss 30 yr also joined the German 10 yr Bund in
negative rate territory.
Finally, a rare thing was seen yesterday on CNBC...Steve
Liesman actually was critical of Janet Yellen and the Fed!
I agree with you on Biderman. He is one of the few who knows
what he's talking about. He went to 100% cash in his managed
accounts in the last month. A friend of mine on Wall Street said,
"Well at least he's got the courage of his convictions, not like
everyone I work with."
Posted by sbaxman111 on 16th of Jun 2016 at 12:01 pm
StevieB: I think you'll probably like Levin's daily commentary
for today.
Janet Yellen, the leader of the US financial system; nay, the
leader of the ENTIRE world’s financial system, decided to change
rates today! Well, not really.
Janet Yellen was on the spot this afternoon as she told us what the
FOMC decided to do with interest rates and I’d like to say that she
didn’t disappoint us – but she did - big time! What I mean
is, as a trader, the action that I am used to was quite poor…until
the last 20 minutes of the day or so. It was great after
that, however, a normal FOMC day is fraught with danger because of
the wild swings of indecision, but that didn’t happen today.
Anyhow, the FOMC didn’t vote to raise interest rates (and probably
won’t until insurance companies are completely BK) and who was
surprised by that? Nobody! Janet and the prior fools of
the FOMC have all agreed on the current stupidity but we’re all
wondering: When will this idiotic monetary policy work?
Japanese savers are still wondering the same thing after 26+
years. But that won’t stop the Keynesian psychopaths that
advise governments (like Paul Krugman), because according to these
maniacs nearly 100% government spending on everything like all
maturity bonds is not enough. (Do not ask these fools about
Venezuela or other bastions of pure socialism, because they don’t
like to be confronted).
If you watched the FOMC press conference for any length of time
like I did today, please click on the link below and tell me if you
agree that this is what you felt and heard?!?! LOL. Wah – wa-
wa-…zzzzzzzzzzz….waahhhaaa..
To restate the obvious, monetary
TLT Daily View
Posted by a_l_ on 16th of Jun 2016 at 10:52 am
To restate the obvious, monetary and fiscal central planning policies have crowded out investment, suppressed price discovery and killed growth worldwide. Interest rates correlate to growth rates.
TLT
Posted by sbaxman111 on 16th of Jun 2016 at 11:27 am
I read a very interesting interview with Trim Tabs chief Charles Biderman on "The Politics of Fairness" where he predicted 2% mortage rates and a 1% 10 year Treasury rate within 12 months. Biderman thinks that negative interest rates have the potential to be a real disaster for the banking system.
Today the Swiss 30 yr also joined the German 10 yr Bund in negative rate territory.
Finally, a rare thing was seen yesterday on CNBC...Steve Liesman actually was critical of Janet Yellen and the Fed!
WOW Mr.Positive Steve Liesman turned
Posted by polish1 on 16th of Jun 2016 at 12:00 pm
WOW Mr.Positive Steve Liesman turned to Mr.Negative
Biderman
Posted by stevieb294 on 16th of Jun 2016 at 11:56 am
One of the few who knows what he is talking about.
(Weren't Liesman and Janet dating for awhile?)
I agree with you on
Posted by puma on 16th of Jun 2016 at 12:07 pm
I agree with you on Biderman. He is one of the few who knows what he's talking about. He went to 100% cash in his managed accounts in the last month. A friend of mine on Wall Street said, "Well at least he's got the courage of his convictions, not like everyone I work with."
I think Bill Gross had
Posted by puma on 16th of Jun 2016 at 12:02 pm
I think Bill Gross had it right when he said a few days ago, "You can't have capitalism with negative interest rates."
When you destroy the pricing of capital markets become endlessly distorted.
StevieB: I think you'll probably
Posted by sbaxman111 on 16th of Jun 2016 at 12:01 pm
StevieB: I think you'll probably like Levin's daily commentary for today.
Janet Yellen, the leader of the US financial system; nay, the leader of the ENTIRE world’s financial system, decided to change rates today! Well, not really.
Janet Yellen was on the spot this afternoon as she told us what the FOMC decided to do with interest rates and I’d like to say that she didn’t disappoint us – but she did - big time! What I mean is, as a trader, the action that I am used to was quite poor…until the last 20 minutes of the day or so. It was great after that, however, a normal FOMC day is fraught with danger because of the wild swings of indecision, but that didn’t happen today.
Anyhow, the FOMC didn’t vote to raise interest rates (and probably won’t until insurance companies are completely BK) and who was surprised by that? Nobody! Janet and the prior fools of the FOMC have all agreed on the current stupidity but we’re all wondering: When will this idiotic monetary policy work?
Japanese savers are still wondering the same thing after 26+ years. But that won’t stop the Keynesian psychopaths that advise governments (like Paul Krugman), because according to these maniacs nearly 100% government spending on everything like all maturity bonds is not enough. (Do not ask these fools about Venezuela or other bastions of pure socialism, because they don’t like to be confronted).
If you watched the FOMC press conference for any length of time like I did today, please click on the link below and tell me if you agree that this is what you felt and heard?!?! LOL. Wah – wa- wa-…zzzzzzzzzzz….waahhhaaa..
https://youtu.be/ss2hULhXf04
That says it all, until it started falling of course.