tag:blogger.com,1999:blog-6492542366661862113.post4092712463820489610..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Bonds Blow off BenJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-6492542366661862113.post-71521319031881748462009-05-08T14:38:00.000-07:002009-05-08T14:38:00.000-07:00Of course they can print trillions of dollars. But...Of course they can print trillions of dollars. But to think this will have no economical and political side effects is adventurous. Same false thinking as the Weimar politicians. :-)John Maynesnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-40242922911404654662009-05-08T13:30:00.000-07:002009-05-08T13:30:00.000-07:00post up around 6post up around 6Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-14549146294428102962009-05-08T08:32:00.000-07:002009-05-08T08:32:00.000-07:00Iconoclast
Points taken.
However, if you think t...Iconoclast<br /><br />Points taken.<br /><br />However, if you think the Fed can print trillions of dollars without the people noticing you are sorely mistaken. <br /><br />Tax rates after WWII to pay off the war debts were 70% on Americans in certian income brackets.<br /><br />The Fed has never spent the kind of money they have to battle this crisis.<br /><br />$200 a month is just the beginning. The cost of doing these bailouts has not yet been realized because they are not paying it off yet.<br /><br />The torches and pitchforks will be out when its time to pay the bills becuase many will not have the money to survive.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-4111701190446503332009-05-08T08:27:00.000-07:002009-05-08T08:27:00.000-07:00Anon
Thanks for the support!Anon<br /><br />Thanks for the support!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-63224643550154515312009-05-08T08:25:00.000-07:002009-05-08T08:25:00.000-07:00Peter
I agree with you. The music is close to st...Peter<br /><br />I agree with you. The music is close to stopping in my view as well.<br /><br />Keep in mind the government will not go down without trying EVERYthing in their power to stop it.<br /><br />You can't underestimate them. They may be able to string this all out for another 6 months or so. Maybe even longer.<br /><br />I will be surprised if we make it through the summer without major problems.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-415706931489559952009-05-08T08:23:00.000-07:002009-05-08T08:23:00.000-07:00Ray
Thanks for the kind words.
I will do my bes...Ray <br /><br />Thanks for the kind words.<br /><br />I will do my best to keep up with everything and report it on here.<br /><br />JJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-37678561101534411772009-05-08T06:39:00.000-07:002009-05-08T06:39:00.000-07:00Jeff,
"The Matrix is a system, Neo. That syste...Jeff,<br /><br /> "The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it."<br /><br />Alex<br />THE MATRIX<br />You got to love Hollywood.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-47859740302487304842009-05-08T05:56:00.000-07:002009-05-08T05:56:00.000-07:00Great analysis.....scared the pee out of me...but ...Great analysis.....scared the pee out of me...but great none the less.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-11795932028390007192009-05-08T05:02:00.000-07:002009-05-08T05:02:00.000-07:00You guys are just mentally masturbating ad infinum...You guys are just mentally masturbating ad infinum. The Fed will just print the money. Duh. They will print $20 trillion if they have to. There is no political will to change that, and they know it, because they own political will. IT simply DOES NOT MATTER how badly people get screwed by the bankers, they WILL NOT change it. Havent you realized that by now? So who cares if they cant sell their bonds. Who cares if inflation really takes off. They will fudge the numbers. Look how badly they fudged the numbers before the bubble popped. A year ago, food and energy hacked off an additional $200 a month out of most people's budgets. But they twisted that into just a few points of inflation. Oh really, what is $200 a month for someone who makes $2000 a month? Ha! But that doesnt matter because the person making $2000 a month doesnt care about this stuff, although he will raise hell if they raise his taxes by $20. Ha ha HA! Can you not see the sick irony in that? But that is reality. It's a complete twilight zone, but it is proof that the Fed can bail out the banks and run their stocks up endlessly and nobody will prosecute them for the damage they are doing to the economy.Iconoclast421https://www.blogger.com/profile/01448094227173926913noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-77288270472524377212009-05-08T00:15:00.000-07:002009-05-08T00:15:00.000-07:00Jeff, you are a jewel.
There are not many who u...Jeff, you are a jewel. <br /><br />There are not many who understand and can connect the dots as well as you. And, you do it succinctly. You are providing a valuable public service.<br /><br />RayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-69645755543016486822009-05-07T22:31:00.000-07:002009-05-07T22:31:00.000-07:00Fantastic Blog. Glad to have discovered it!Fantastic Blog. Glad to have discovered it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-57340674106069902202009-05-07T22:03:00.000-07:002009-05-07T22:03:00.000-07:00I am starting to worry that the end might be a lot...I am starting to worry that the end might be a lot closer and quicker than we think. How are they going to cover this up? Once it becomes clear that the treasury buyers are just not there how can you stop that boulder from rolling downhill? <br /><br />I just can not fathom the ignorance of our public. How can one single person in this country think that a $2 trillion deficit is acceptable? Even when you look at Obama's projected future deficits his lowest numbers are half a trillion. Has he factored in higher interest rate payments? This is like taking a dump in an already clogged toilet.Peterhttps://www.blogger.com/profile/08899893479880360468noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-55686138744988994232009-05-07T18:31:00.000-07:002009-05-07T18:31:00.000-07:00JD
Thanks.
This is interesting. NY Fed prez res...JD<br /><br />Thanks.<br /><br />This is interesting. NY Fed prez resigns under fire. Well thats one crook down. <br /><br />Several thousand to go!<br /><br />NY Fed Board Chair Friedman Resignation Effective Immediately<br />Last update: 5/7/2009 5:26:34 PM<br />(MORE TO FOLLOW) Dow Jones Newswires<br />May 07, 2009 17:26 ET (21:26 GMT)Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-17919743460602757402009-05-07T17:28:00.000-07:002009-05-07T17:28:00.000-07:00Thanks Jeff; right on target as usual.Thanks Jeff; right on target as usual.johndanielshttps://www.blogger.com/profile/12826656236555940567noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-11489630191256077502009-05-07T17:04:00.000-07:002009-05-07T17:04:00.000-07:00Anon
I think you are right on.
A bunch of them s...Anon<br /><br />I think you are right on.<br /><br />A bunch of them sold shares after hours.<br /><br />It will be interesting to see how the financials trade tomorrow.<br /><br />Employment number plus the stress test results should make it a wild day.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-2612883696367758652009-05-07T17:02:00.000-07:002009-05-07T17:02:00.000-07:00Minton
LOL
Yeah...He might have no choice.
I be...Minton<br /><br />LOL<br /><br />Yeah...He might have no choice.<br /><br />I bet we see a lot more QE next week. The question then becomes how does the bond market react.<br /><br />Maybe they shove his QE up his behind and takes yields even higher.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-22305527900274688552009-05-07T16:32:00.000-07:002009-05-07T16:32:00.000-07:00Jeff,
I have a conspiracy theory on the recent fi...Jeff,<br /><br />I have a conspiracy theory on the recent financial stocks run up. As announced, Wells Fargo and BOFA have to raise additional capital by selling common stocks. For that transaction to occur favorably to the banks, their stock prices have to be high. <br /><br />Maybe the Fed delayed the stress result, tweaked the economic data, and delivered a false sense of recovery (Bernanke speech recently to Congress) in order to help the bank stocks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-32912032989523361582009-05-07T16:17:00.000-07:002009-05-07T16:17:00.000-07:00Wow, it really was a total disaster. I like to thi...Wow, it really was a total disaster. I like to think this would reign in the bailouts, but I suspect the printing presses are going to start rolling instead.<br /><br />Rumor is that Bernanke had a whole truckload of Xeroxes delivered to his office last week - true story. :-)James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.com