Granted, we are suffering horrible deaths. I’d rather burn inside of an oven than be forced to figure out this jigsaw puzzle every single day, catering to people who define the word panic. All that aside, how cool is it to be a western democracy now?
Think about it. You get to keep the mountainous sized debt loads, without any credit repercussions, and now add to it, exponentially if you like, at NEGATIVE interest rates. That’s right. The plebs are actually going to pay you to take their money.
As a benevolent government crony, you can take said money and throw parties in your castle. Or, you can dole it out to poor people so they won’t firebomb your offices. Or, you can build bridges and tunnels, which is just another way of paying off the union bosses, who will then take a percentage of the money you give him and send it back to you in the form of ‘campaign donation’, which you will gladly spend wining and dining some of your pals.
Life has never been better for western democracies. Balance sheets mean nothing. Austerity is stupid and inflation is a figment of your imaginations. As long as the plebs believe GRAVE DANGER is on the horizon (after all oil is decidedly lower), you get to take their money and they will pay you to do it!
Forget about taxes (actually, don’t forget about it); taking the money outright is a much better stream of revenue.
Think of all the wars we might partake in now. ISIS is a threat? No problem. We will send 500,000 boys from Texas and Oklahoma to kill them. They don’t have any prospects now anyway, since their petrol based economies are in shambles.
Who will fill their jobs while they’re way?
Illegal Mexicans, who will do their jobs for pennies on the dollar, for fear of being caught and deported.
Oh, after you finish reading this bloggy, be a good boy and buy some more TLT. Compared to our european comrades, it’s so cheap and people are loving that yield.
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May I partake in some $TMF?
One goal of European QE is too push up some of their yields, lighten up that positioning so that the cash can be redeployed into equities.
Once we see a meaningful reversal of yields in Europe, stocks will rise meaningfully.
I mention this because European yields are dragging down our yields.
I disagree on rising EZ yields. I’ve been watching Spain/Italy primarily forever. The programming for p/e expansion in Europe (because that’s “all” it is) has been to crush yields. Nightly. Whenever possible they have programmed bond purchases to lift stocks
Hard to believe TLT could go higher.
Been long bonds feels like forever and dollar of course, why argue with the tape.
I am speaking to a much larger asset class than your trading dollars.
I am a government employee and thank the stupid conservative old people for bailing out our bloated pensions without raising taxes! Having said that I am building a short bond position as I cannot believe that old people can continue this. Wait ….. there aint that many government pensioners to make a difference so continue bailing me out old rich people. I’ll keep the bond short as a hedge in case they wake up from their nap.
It’s not the old people. It’s the TLT buying gov’t paper financing the deficit allowing all kinds of profligate spending. The technocrats have come up with the world’s greatest scam to finance their bloated pensions. Money for nothing and the chicks for free…
+3
Not trying to be a picker of nits, but aren’t these all run by old rich people?
The illegal…er, undocumented Mexicans work for pennies and send half their money home.
Burn inside an oven… really dude? Is this your contribution to the Auschwitz Liberation Day commemoration? Fucked up.
I didn’t even know about that. Who remembers such things?
I might be callous, but I do not make light of atrocity and would never mock the deaths of millions of innocents for a stupid blog.
You just did. Take a mulligan and move on.
There was no reference to Jews or WWII or anything to indicate that he meant to make light of that. You’re being hypersensitive and making references where non exist. You’ve had enough internet for the day.
Oh, come on. Everyday of the year has some sort of history. It’s ok to remember but don’t expect everyone to do so.
Except that is was all over the news this year.
It’s on this day every year but this year it’s all over the news. Don’t get me started on what they choose to report…lol
It’s the 70th anniversary. In 5 years it’ll be bigger if any survivors are still alive.
Anyways, NBD. No disrespect was meant by anyone.
Fly, why does AT&T trade with a 5.75% yield?
Because it’s a giant turd
Katy Perry with cone tits in a large field is all we need now.
Oh. wait a minute
“No problem. We will send 500,000 boys from Texas and Oklahoma to kill them. They don’t have any prospects now anyway, since their petrol based economies are in shambles.” — Merica Fuck Yeah!