Re: Financial topics
Posted: Sat Jul 06, 2013 1:12 pm
Just tossing it out for fun and Team Obama fun shit army https://www.youtube.com/watch?v=bnKTNRe2iWk
1,631.89
+16.48
+1.02%
1,631.89
+16.48
+1.02%
Generational theory, international history and current events
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Wouldn't surprise me if that 1632 is the high.aedens wrote:Just tossing it out for fun
This move Friday was a shocker. The chart you posted does a nice job of highlighting and summarizing an extremely serious situation. I knew the US bond market was in trouble but didn't realize how much trouble until viewing your chart. Cramming the debt down to the short end isn't going to help for long, is it?vincecate wrote:Interest rates going up should result in stocks going down. This move up is rather fast and does not look like it is over.
If there really was a top on May 22 this area should hold. But to be consistent with how markets normally work, that long term trendline I drew on the 5 year should have held from underneath at the new moon on April 10. Notice it wasn't exceeded for 2 years after the US debt downgrade.aedens wrote:I got that thought but the herd is running on hopium fumes about now on the new normal job release numbers.
We just noted the seen and unseen as Hayek told us with Uncle Moa. Very pivotal time on many issues.
It's the same in Europe. All the eurozone country bond yieldsHiggenbotham wrote:This move Friday was a shocker. The chart you posted does a nice job of highlighting and summarizing an extremely serious situation. I knew the US bond market was in trouble but didn't realize how much trouble until viewing your chart. Cramming the debt down to the short end isn't going to help for long, is it?vincecate wrote:Interest rates going up should result in stocks going down. This move up is rather fast and does not look like it is over.
I agree. The politics of this is what led to Obama delaying parts of Obama Care until after the election. But not the negative impact on the economy, except to the extent that might cause him political problems in the very short term ( next 16 months to the election ).John wrote: We now have a better idea of why the Administration finally panicked and postponed Obamacare's employer mandate on Tuesday. According to Friday's jobs report, the economy created 195,000 new jobs during June -- which is the figure that the analysts on CNBC are euphorically quoting.
But what they're not saying is considerably darker. The number of part-time jobs (working under 35 hours per week) increased by 360,000, while the number of full-time jobs actually FELL by 240,000. A lot of this can be attributed to the postponed Obamacare employee mandate. (See yesterday's article, "5-Jul-13 World View -- Eurozone and Obamacare continue their parallel economic collapse")
There appears to be a big shift going on from full-time to part-time employee and employers refusing to hire full-time workers, since any full-time worker requires a very big financial commitment with Obamacare. The one-year postponement may relieve the situation, but probably not my much, since the same mandate is supposed to be in place a year later.
John wrote: The periphery is collapsing, so the center is using up its resources to hold the periphery. But as the periphery uses up resources, the center eventually will not hold.
I think that I and other people were thinking of some kind of domino situation, where one domino after another would fall. But now it looks like all the dominoes will stand until finally the entire domino table is upended.
Higgenbotham wrote:John, if you carry your idea bit further, Vince may end up having the last laugh. If the can kicking is continued to infinity, then in theory every bond market will be supporting every other bond market. So the final event will be a worldwide bond market collapse of every bond market in the world, all at once. But I don't think that is going to happen because eventually the US is going to figure out they can't do that without those adverse consequences. And once that day comes, that is when the panic is going to hit, I believe.
John wrote:You know, that's an interesting concept. Suppose that everyone agreed they would keep on lending money to each other, to prop up each other's economy. Could that really go on forever? Only in a universe where pigs fly. Sooner or later someone would balk. That's why every Ponzi scheme crashes, sooner or later. Would that cause hyperinflation? Not necessarily, because of the plummeting velocity of money.
I think they really have carried it through all the way to the end, and all bond markets will (are) implode (imploding) worldwide, all at once. There won't be any timeline or model to measure this against because it is a once per millenium or once per ten millenium type of event. I don't talk about the 14th Century dark age anymore because even then the Venetians and the Florentines were not stupid enough to destroy their bond markets. Also, I am beginning to see others like Woody Dorsey and Martin Armstrong have caught onto this (the magnitude of what we are seeing here), as mentioned in these pages recently.Higgenbotham wrote:It'll probably go as dominoes, but so close together that they fall pretty much all at once. The longer the can kicking goes on the bigger and faster the pileup should be when somebody finally does balk and the panic hits.