To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2 posted on
05/22/2009 5:22:25 AM PDT by
TigerLikesRooster
(LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
To: TigerLikesRooster
I hate to admit my finanacial ignorance, but could you translate this?
To: TigerLikesRooster
6 posted on
05/22/2009 5:54:21 AM PDT by
Crawdad
(If you're in a fair fight, your tactics suck.)
To: TigerLikesRooster
Breaker, breaker, good buddy...
8 posted on
05/22/2009 7:21:47 AM PDT by
Doctor Raoul
(Ayers Lied, People Died. No Justice, No Peace.)
To: TigerLikesRooster
We are following the precise same path we went down in the 1930s. . . . Disclosure:
The time to short the phone book is approaching.Words to the wise.
9 posted on
05/22/2009 7:37:50 AM PDT by
Oatka
("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: NVDave; sickoflibs
There apparently is a new wrinkle to the intermediation trade between buying from Treasury to sell to the Fed with real money, including central banks, now in on the act. Indeed, several Street sources relay central banks were aggressive offers into this morning's coupon pass, with one letting go of a large block of old 5-years. Other offers too are coming in from embedded Asian real money longs -- in the higher coupons -- also looking to sell size without unduly upsetting the market, and especially considering the illiquidity in off- the-run bids from the Street. Whether influenced or not by the much higher tenders coming in on the Fed Passes ($45 bln tendered for $7.4 bln bought in today's pass for a 16.2% hit rate), fast money has been tattooing the bid and especially so in the belly with the 10-year most leaned on. Note as well, earlier this week the Bank of England (BoE) gilt pass too saw a need to offer paper at or below the market's bid side in order to get sales off.
bad news ping
11 posted on
05/22/2009 8:23:50 AM PDT by
GOPJ
(If printing money was an answer, why don't Haitians "print" their way out of poverty?)
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