Posted on 02/24/2022 6:11:53 AM PST by Browns Ultra Fan
I admit, I followed market data to get a signal of what is happening to mortgage rates and I got one. With Putin and Russia invading Ukraine, markets are in turmoil.
WTI Crude is up 8.14% this morning, Brent Crude is up 8.45% and NBP (UK) Natural gas is up 40%.
Europe is having a bad day equity market-wise. Eurostoxx 50 was down 4.92%. The US Dow is braced for a 2.5% opening.
Now to bonds. The 10-year Treasury yield is down 13.3 bps this morning. Sweden and UK are down 10 bps as well.
How about the new Russian front? Ukraine’s 10y yield rose 691.0 bps while Russia’s 10Y yield rose 435 bps.
Russian 5Y Credit Default Swaps (CDS) leaped to a Greek-like 917.
Well, it looks like the sanctions imposed by Winken (US VP Harris), Blinken (US Secretary of State) and Nod (US President Biden because he always looks half-asleep) apparently didn’t work as intended.
Putin finally made up his mind.
(Excerpt) Read more at confoundedinterest.net ...
Dow is down 2.35%
In one of the most unsettled times in world history communist Biden must take his boot off of the throat of America’s energy industry or he is on the side of our enemies.
“closely followed by Obama, LBJ, and Carter.”
Don’t mean to be picky, but that’s how I would correct that statement.
It depends which side you’re on.
> Now to bonds. The 10-year Treasury yield is down 13.3 bps this morning. <
For those not in the know, this is actually good news for bond holders. The yield of a bond goes down it’s because the price of the bond is rising. So were seeing a flight to safety here.
Pasta Puttanesca is a really good dish. I love it. Wait, what are we talking about?
But but, cheater Joe got 81 million fraudulent votes though! This POS is killing America in less than his four year term. Bastards all of a sudden care about democracy and borders outside the US but God forbid if we cry for freedom and a secure border here ...this will end you up in jail. Hypocrites POS hypocrites! God help us From these evil people. NO TO WAR! NO TO DEAD SOLDIERS!
Geez, Putin already won, and America hasn't even been able to send Her Cannon Fodder to abandon there yet.
We need to get busy and get 'em over there pronto, we're missing our chance to get Vets with PTSD on the Federal Firearms Prohibited List.
Add BOTH Bushes to the list.
This is Obama’s third term. Obama and the deep state are calling the shots. Obama is fundamentally Anti-American.
*futures
Well, we'll see about that. Doesn't seem to matter what the stock markets do. Bond funds have cratered in 2022 after a dismal 2020-21. IMO, conservative investors are being played by the elite and wealthy.
> Well, we’ll see about that. <
Yes, I agree with you. Thanks to government interference, the old rules rarely apply these days. In my post #7 I should have said that rising bond prices show a flight to perceived safety.
Yeah but no more mean Tweets!
Great job, Democrats!
Yeah
Oh and let’s NOT FORGET Wilson too!
Let's not overdramatize what's going on.
It's not even remotely close to one of the most unsettled times.
> Add BOTH Bushes to the list. <
If George W. Bush was not the worst president in US history, he’s got to be close. Thanks to his stupidity, we got into a losing war (Afghanistan) and an unnecessary war (Iraq). Both are ultimately on him. So much blood and treasure wasted.
And then there was his “Islam is peace” outlook. Imagine if FDR had said “Japanese imperialism is peace” right after Pearl Harbor.
But at least W did not start WW III. This is still possible with Biden.
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