[sydney3000]

The following Bad Santa scene captures perfectly what would be my response to Alan Greenspan:

Quote

Kid: Why do you need a car?
Willie: What the f*ck are you talking about?
Kid: This car.
Willie: Which turn is it?
Kid: Sage Terrace. Where's your sleigh?
Willie: It's in the shop, getting repaired.
Kid: Where are the reindeer?
Willie: I stabled them. Is it left or right?
Kid: That way. Where's the stable?
Willie: Next to the shop.
Kid: How do they sleep?
Willie: Who? The reindeer? Standing up.
Kid: But the noise. How do they sleep?
Willie: What noise?
Kid: From the shop.
Willie: They only work during the day, all right?
Kid: I thought it was always night at the North Pole.
Willie: Well, not now. Right now it's always day.
Kid: Then how do they sleep?
Willie: Oh, sh*t. Sage Terrace. What is it with you, anyway? Somebody drop you on your f*cking head?
Kid: On *my* head?
Willie: Well, yeah. What, are they gonna drop you on somebody else's head?
Kid: How can they drop me onto my own head?
Willie: No, not *onto* your... Would... God damn it! Are you f*cking with me?

This post has been edited by sydney3000: 19 June 2010 - 11:22 AM

[Dose]

sydney3000, on 19 June 2010 - 11:17 AM, said:

The following Bad Santa scene captures perfectly what would be my response to Alan Greenspan:

The question is Who's Bad Santa in this scenario?

<I could imagine Greenspan throwing a vodka bottle over his shoulder walking into work, though.>

oh where oh where is Hired Goon and his photoshop abilities?

[boz]

sydney3000, on 19 June 2010 - 11:17 AM, said:

The following Bad Santa scene captures perfectly what would be my response to Alan Greenspan:

Greenspan is not that bad on this one.Even Mish kind of agree with him
My link

[sydney3000]

That is the lunacy. Why is Alan Greenspan suddenly making arguments that are in total contrast to everything he ever did?

[Bernard L. Madoff]

This looks interesting...

T-Minus 7 Days To A LIBOR-Induced Liquidity Crunch?

Quote

Yet for all domestic jitters, it appears that the next source of an (il)liquidity crunch will once again come from Europe. As Barclays' Joseph Abate notes, there is one event is on the horizon which could send Libor rates as high as 50% higher. And that event will occur on July 1 - the 1 year anniversary of the ECB's Long-Term Refinancing Operation.

http://www.zerohedge...iquidity-crunch

[cobran20]

cobran20, on 11 June 2010 - 11:14 AM, said:

If it breaks above 5%, then we can expect for Glen to act again!

The 90 day yields have risen a bit more, but the 10 year bond yields are heading south after that false break to the upside in April. The media have been projecting further rate rises later this year. Perhaps the 10 year bond yields might surprise them?

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[boz]

was surprising the monetary aggregate released yesterday. Lending is still growing and market expectation for a rise grow with it

[sydney3000]

I was stunned by the financial aggregates. I was expecting a contraction in all credit measures.

[boz]

sydney3000, on 01 July 2010 - 06:58 AM, said:

I was stunned by the financial aggregates. I was expecting a contraction in all credit measures.

yes, may be Shadow and others are right and home prices haven't dropped jet, those home loans number don't match well with a dropping housing market, the other option is that those numbers are lagging more then expected, after all it takes time for a buy contract to settle and to release a new loan

[wulfgar]

sydney3000, on 01 July 2010 - 06:58 AM, said:

I was stunned by the financial aggregates. I was expecting a contraction in all credit measures.

My guess is over the next few months the M3 will look very sick.

[Bernard L. Madoff]

wulfgar, on 01 July 2010 - 12:02 PM, said:

My guess is over the next few months the M3 will look very sick.

You've said that before as you have said that the Euro is strong currency backed by a strong central bank. The Euro is a dead man walking.

Is M3 going to fall or not? If so why?

[boz]

Bernard L. Madoff, on 01 July 2010 - 12:12 PM, said:

You've said that before as you have said that the Euro is strong currency backed by a strong central bank. The Euro is a dead man walking.

Is M3 going to fall or not? If so why?

The M3 in euroland is at -0.2% Y/Y that is from a drop in business lending, private loans is at +0.2% y/y (data is from a couple of days ago). Inflation in euroland is nothing else then stable at 1.4% y/y, in the last 6 months was rising from 0.9% to 1.6 and now down to 1.4%. Even my mum didn't complain about price rising (she said those shopping mall and supermarket are competing for share of a shrinking market) It is dangerous to consider euro a dead man walking based on exchange rate movement. a bit like judging gold a dead man walking 10 year or so long ago...

[cobran20]

The 2008 low in US bond yields is being heavily tested. Looks like the bond market is not too thrilled about the recovery in the US economy.

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[cobran20]

cobran20, on 30 June 2010 - 10:51 AM, said:

The 90 day yields have risen a bit more, but the 10 year bond yields are heading south after that false break to the upside in April. The media have been projecting further rate rises later this year. Perhaps the 10 year bond yields might surprise them?

No sign of a rate rise ahead.

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[wulfgar]

cobran20, on 16 July 2010 - 08:58 AM, said:

The 2008 low in US bond yields is being heavily tested. Looks like the bond market is not too thrilled about the recovery in the US economy.

You've developed a case of falling long bonds, I suggest medical help!

During the depression and WW2, long bond yield fell to the 1.5% cash rate of the FED. The yields kept on slowly falling for 15 to 20 years.

How have Japans long bond yields been going after 20 years, shown any perkiness?

[cobran20]

wulfgar, on 29 July 2010 - 01:33 PM, said:

You've developed a case of falling long bonds, I suggest medical help!

During the depression and WW2, long bond yield fell to the 1.5% cash rate of the FED. The yields kept on slowly falling for 15 to 20 years.

How have Japans long bond yields been going after 20 years, shown any perkiness?

Have to agree wulfgar. New lows in bond yields is probably on the cards, especially if the equities seriously roll over.

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[boz]

cobran20, on 12 August 2010 - 09:49 AM, said:

Have to agree wulfgar. New lows in bond yields is probably on the cards, especially if the equities seriously roll over.

In US together with bonds mortgages rates are at record low:

Quote

The 30-year fixed-rate mortgage averaged 4.44% for the week ending Aug. 12, according to Freddie Mac's weekly survey of conforming mortgage rates. It averaged 4.49% last week and 5.29% a year ago. The rate is now at its lowest level since Freddie Mac started tracking it in 1971.

The 15-year fixed-rate mortgage averaged 3.92% this week, down from 3.95% last week and 4.68% a year ago. It is also at its lowest point since Freddie Mac started tracking the rate in 1991.

Five-year Treasury-indexed hybrid adjustable-rate mortgages averaged 3.56% this week, down from 3.63% last week and 4.75% a year ago. The ARM is at its lowest since Freddie Mac began tracking it in 2005.

And 1-year Treasury-indexed ARM averaged 3.53% this week, down from 3.55% last week and 4.72% a year ago.

My link

[Solomon]

cobran20, on 12 August 2010 - 09:49 AM, said:

Have to agree wulfgar. New lows in bond yields is probably on the cards, especially if the equities seriously roll over.

Just trying to get this clear in my mind.
The bond yield rate is what is currently being paid on bonds bought 10 years ago?
or;
The bond yield rate is what will be paid on bonds bought today, when they are cashed in 10 years time?

If it is the former, than those who bought 10 year bonds in 2000 have lost nearly 5% on their investment.
If it is the latter, than all you can expect in return for the next 10 years is around 3.5%!

Or have I got the bull by the horns again???

[cobran20]

Solomon, on 12 August 2010 - 10:31 PM, said:

Just trying to get this clear in my mind.
The bond yield rate is what is currently being paid on bonds bought 10 years ago?
or;
The bond yield rate is what will be paid on bonds bought today, when they are cashed in 10 years time?

If it is the former, than those who bought 10 year bonds in 2000 have lost nearly 5% on their investment.
If it is the latter, than all you can expect in return for the next 10 years is around 3.5%!

Or have I got the bull by the horns again???

My understanding is that it is what a 10 year bond is yielding relative to its current purchase price.

[cobran20]

The US velocity of money is about to go into negative territory.

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