Posted on 09/19/2013 12:02:45 PM PDT by whitedog57
Bernanke’s surprise (NO TAPER) resulted in a large decline in the 10 year Treasury yield yesterday and a small rebound today.
ust10091913
But despite the surprise, the yield curve has declined only slightly compared to its increase after May 1st.
yc091813
World bond markets are in a sea of green, particularly the UK and Italy. Even beleaguered Greece dropped 21 basis points in 10 year sovereign yield.
wbm091913
Precious metals (gold, silver) soared on The Fed’s Taper bluff.
goldsilvfed2
To quote The Who, “We won’t get fooled again!”
When the market crash finally happens...look out below. The Fed is simply making the inevitable a lot worse.
If I even said I pretended to understand all that stuff, I’d be lying.
But I am “ready” for the crash...
You’re absolutely correct.
Just finished Dave Stockman’s book.
It’s 740 pages of terror.
God help us all....
I suspect this was done to put off the crash till next year, to coincide with the 2014 election.
BHO2 is going to blame the Republicans, and the Democrats will make a huge push to gain control of the House and larger margin control of the Senate.
This is about establishing communism in America.
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