CBs And Other "Real Money" Had Enough? [Ticker]

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CBs And Other "Real Money" Had Enough? in forum [Ticker]

Genesis
Posts: 71346
Incept: 2007-06-26

KD^2

http://market-ticker.org/archives/1057-C....

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-05-21 13:39:10
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Blackswan
Posts: 3601
Incept: 2007-11-06

Ponzi Roller Coaster

I got my phone book ready.

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2009-05-21 13:48:28
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Lplate
Posts: 2097
Incept: 2008-08-06

Australia

Thanks KD

2009-05-21 13:49:47
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Curbyourrisk
Posts: 1887
Incept: 2008-08-19
Long Island, New York

Game over Ben. How does your hole feel now???

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Hopium: hope filled delirium preached by the White House and Swallowed whole by the American Sheeple.
Why is Franklin Raines a free man?
"We saved the world from disaster" - Ben Bernanke - Jackson Hole 08/21/2009

2009-05-21 13:50:59
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Greenrebellion
Posts: 429
Incept: 2009-01-03

Los Angeles

Ben can go #(*@$& himself

2009-05-21 13:54:59
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Binney
Posts: 2324
Incept: 2008-08-27

Riverhead, NY

you will let us know when confirmed, right???

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Holy crap!!!! I'm a left leaning authoritarian!

2009-05-21 13:59:39
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Hihoherewego
Posts: 595
Incept: 2009-02-25

Quote:

Game over Ben. How does your hole feel now???

Ugh. I think his hole is our hole.

Oh hell. Another hell hole getting bungholed.

"Sir may I have another?!?!?"

Last modified: 2009-05-21 14:04:07 by hihoherewego

2009-05-21 14:00:24
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Dji
Posts: 718
Incept: 2009-04-21

Fleming Island
Online

starting with AAPL and working your way down or all in?

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What goes up Must come Down- Alan Parsons Project
THE TRUTH HURTS! -Dji

2009-05-21 14:00:46
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Creditcalmass
Posts: 1144
Incept: 2008-06-04
4 train, NY

Hear that creeking sound? Thats the gates of hell being opened for the first time in 80 years. Not good.

2009-05-21 14:01:09
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Genesis
Posts: 71346
Incept: 2007-06-26

KD^2

80%+ loss in the major indices from the top folks.

Remember my SPX 300 call? That was the premise - a bond market dislocation caused by deficit spending and the government's attempt to shove it down foreign bondholder's throats.

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"The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me

2009-05-21 14:03:24
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Wearedoomed
Posts: 903
Incept: 2009-01-14

Petra
Online

Great. Now I'm gonna have to figure out when to sell my GRZZX. It's in an IRA, too - dammit. Over/under on when IRAs get stolen?

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The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.

2009-05-21 14:03:45
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Asimov
Posts: 26627
Incept: 2007-08-26

east tennessee
Online

Well, that explains a lot of things we've seen today. TNX, equities, FX, gold... Oil maybe?

I think we're very close to being in freakout mode.

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.

2009-05-21 14:04:44
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Ssg263
Posts: 100
Incept: 2009-01-07

Wait a minute...
if the bond market dislocation happens, and the equity markets go into collapse mode again....where is the flight to safety?

Will people go back into treasuries, saving the bond market, even though we all know how flawed it is?

Or is this the point in the crisis when gold/commodities assert themselves as the only true intrinsic forms of wealth?

2009-05-21 14:05:27
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Howie
Posts: 3284
Incept: 2007-11-02

Wilmington, DE

Wow, look at that TNX go.

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"Send lawyers, guns and money, the **** has hit the fan." - Warren Zevon

2009-05-21 14:06:10
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Wearedoomed
Posts: 903
Incept: 2009-01-14

Petra
Online

Well, the jerkoffs in the Federal Gummint could easily say, "All retirement funds are hereby converted to Treasuries, and you can't make unqualified withdrawals to get out of them." As Karl mentioned in a Ticker a week or two ago, given this Administration's propensity to steal (vis GM and Chrysler "secured" debt), they may just as well do this. Never mind that the equities market would be decimated if they did that; they don't ****ing care. I'm worried about it in a major way; I have quite a chunk of coin invested in IRAs, and I'm gonna need it as this depression continues apace.

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The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.

2009-05-21 14:10:16
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Barnaby33
Posts: 522
Incept: 2007-07-24

San Diego

Karl, usually I don't have a problem following the jargon, but this one had my head spinning. Could you either explain the post you were qouting in a bit more detail, or maybe provide the full link so I can go read it and figure it out?

Josh

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Short taglines rule!

2009-05-21 14:11:28
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Wearedoomed
Posts: 903
Incept: 2009-01-14

Petra
Online

I can't wait to see what Rick has to say about this. But I'm not about to turn on CNBull**** to find out.

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The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.

2009-05-21 14:12:44
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Swrichmond
Posts: 146
Incept: 2009-02-12

"Wait a minute...
if the bond market dislocation happens, and the equity markets go into collapse mode again....where is the flight to safety?

Will people go back into treasuries, saving the bond market, even though we all know how flawed it is?"

This is the recipe for the stick save. Banks have done their issues / raises, stupid money has jumped in to be stolen, it is time to crash stocks again and juice the Treasury market. And that is exactly what will happen. The IB's all have their shorts in place. Time to bleed the masses again.

JMVHO / DYODD.
Disclosure: 50 cash / 50 dollar shorts. Been that way since Fall '07.

2009-05-21 14:13:20
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Greenrebellion
Posts: 429
Incept: 2009-01-03

Los Angeles

Barnaby, my interpretation is basically that large foreign holders are using the opportunity to bail on their longer maturity treasury positions when the Fed is buying.

See because when the Fed is buying, they can bail on larger position without moving the market dramatically. The problem is that the Fed isn't buying enough to fill the demand...its like a mob of people trying to squeeze out of a doggie door.

2009-05-21 14:14:13
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Icecastle
Posts: 692
Incept: 2008-10-15

Went long ammo. People will behave badly as this develops.

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Mala tempora currunt.

2009-05-21 14:15:16
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Lms
Posts: 167
Incept: 2008-09-30

Punching Bernanke in the face

Someone needs to punch Bernanke in the face. RIGHT ****ING NOW.

2009-05-21 14:18:52
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Creditcalmass
Posts: 1144
Incept: 2008-06-04
4 train, NY

Quote:

Wait a minute...
if the bond market dislocation happens, and the equity markets go into collapse mode again....where is the flight to safety?

Will people go back into treasuries, saving the bond market, even though we all know how flawed it is?

Or is this the point in the crisis when gold/commodities assert themselves as the only true intrinsic forms of wealth?

It's a flight to cash, or a flight to anything but debt/promisory notes, deleveraging on steroids really.

2009-05-21 14:20:39
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Nullzero
Posts: 709
Incept: 2008-11-19

SOCAL

So the question now is should I stock up on lots of vodka and other alcohol... I think other people will want it lol. (is this bad like shtf bad?).

Last modified: 2009-05-21 14:22:25 by nullzero

2009-05-21 14:20:43
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Raster
Posts: 1901
Incept: 2007-08-16

Rar!

Hey KD - Is it Photoguy bad this time?

I'm going back under my bed...

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ǝɹǝɥ ǝuo ןɐɯɹou ʎןuo ǝɥʇ ɯ,ı˙˙˙dn pǝʞɔnɟ ןןɐ ǝɹɐ sʎnƃ noʎ

2009-05-21 14:25:19
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Teomax
Posts: 1542
Incept: 2007-08-30

"if the bond market dislocation happens, and the equity markets go into collapse mode again....where is the flight to safety?

Will people go back into treasuries, saving the bond market, even though we all know how flawed it is?

Or is this the point in the crisis when gold/commodities assert themselves as the only true intrinsic forms of wealth? "

my thesis is:

They will take the money and go home, while some speculators will put it in gold/commodities. but with 10% interest rates, even commodites will get destroyed as there will be no demand, but big supply.
Gold could be subsequently sold off after huge spike as "everyone and their gradmamma" will try to get a cash in order to repay a debt.
But as other people already wrote here, FED can withdraw liquidity and force equities crash, causing another "fligh to safety".

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"I wonder how many stories we'd find in the TF Tinfoil archives that are now history." - Alsace

i hope you understand my engrish.

Last modified: 2009-05-21 14:27:54 by teomax

2009-05-21 14:26:48
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