While watching an interview on CNBC the money honey (Maria Brtiromo) breaks in the argument to read an e-mail she just got from TrimTab’s
“ Unprecedented liquidation of bonds, bond mutual funds and ETF lose a record 61.7 billion in June reversing the inflows of 110 billion from the start of the year.”
13Bps so far in one day! That's bad. Inevitable though really... ... this is going to put a major squeeze on the economy...
9-11 Media Fakery: Did anyone die on 9-11?
Pysops.. media.. actors.. propagandists... disinfo agents.. fake videos.. fake photos
CHINA'S "FINANCIAL PAPER MARKET" IS COLLAPSING
subtitles.. but worth the watch...
depositors asking: How Can there be a shortage of cash????
To the moon, Alice!
I was just getting ready to post about this. The Bernank has totally lost control of rates. Just a matter of time before housing prices take a hit.
“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul
Market is doing what it does best; creating fear. Stay patient, this correction is building up some incredibly good looking charts.
An increase of 10 basis points (0.10%) is "exploding"? Let's see it double and you'll have a point. Interest rates really do need to rise.
when you have a government and society built on zero rates, this is exploding. Like Ron Paul has said, the interest on our debt will eventually consume all tax revenues. There will be nothing left over to pay defense, welfare, or anything else.
The fed's entire policy is to keep the bond yields down. Bernanke says he's 'puzzled' at the yield's persistence.
The bursting of the bond bubble will dwarf the real estate bubble burst.
From Caijing, an independent, Beijing-based magazine that focuses on the major issues Chinese society faces in a period of political and economic transition in China, Google translated:
"Customer service said, now silver futures transfer service has been fully suspended, online banking, the counter can not be handled, and now has the background system response, recovery time is not yet known."
Even Zero Hedge didn't have the cojones to call this action by China a "bank holiday." That is exactly what this is all right. Thanks for summing up what was done clearly and succinctly. Our time is rapidly approaching.
Sadly, they are fooling almost everyone. It does not take much to dupe the unsuspecting, uncaring, and uninvolved public.
(This was supposed to be a response to "how corrupt and desperate the entire US system is. Who do they think they are fooling? lol." below....)
Main issue this morning is that Asia got rocked last night. If the wheels come off in China then we may get a deeper correction.
Someone needs to tell Japan's central bank to print more, and tell the Chinese to build some more ghost cities.
Think that had anything to do with the HKSAR letting Snowden leave the country?
"Government is the entertainment division of the military-industrial complex". - Frank Zappa
how corrupt and desperate the entire US system is. Who do they think they are fooling? lol.
But not everyone. And the cohort they're not fooling is growing bigger by the day.
Moody's is a joke though. USA should have a triple C rating right now.
I keep waiting to here SPY halted, Chinese takeover chater on my benzinga feed, lol.
Dow down 150; Nasdaq down 44
All I can say is, "Nyuk nyuk nyuk nyuk nyuk nyuk!!"
Or, "Who up and let Frankenstein off the operating table?!"
Wall Street Fools...!
"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"
Driving with the King. Gold and silver. Everybody that understands Ron Paul should have been on it years and years ago. And printing their own money in Veggies.OH Wise Guy. NYUK,NYUK Out to the garden. Its zucchini picking time.
LOL, I love how we are a few 100 pts off all time highs and everyone is acting like we are headed for recession again.
Seen gold lately???
This despite God's reps at the fed using every tool in its box to prevent it.
@bigmikedude - No, traders don't care about the NSA spying as far the market goes.
sarcasm, which is about 60% of anything I type. The other 39% is cynical.
Gotcha, sorry. :)
and higher highs...
And twenty months without any real correction...
Equities were overdue for a big pullback...
A very important key to this pullback is that it is happening on low volume overnight, meaning that a small contingent of sellers can have a bigger impact on price movement due to a lack of opposing volume to the upside.
Nothing serious for equities yet.
“Give a man a gun, he can rob a bank. Give a man a central bank, and he can rob a country and the world.”
With all the NSA spying, are all the inside traders bailing out? Lol