iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,691 Blog Posts

German 15yr Bond Goes Negative For the First Time, Entire German Yield Curve Barreling Towards Oblivion

Tell me how this is going to help the ailing Deutsche Bank?

Germany

Whereas H. Clinton might get off scot-free, the EU will not. Anyone who is a supporter of the EU, I beg you to defend the actions of its central bank, a bank which has caused misery on a biblical scale across europe. For the love of black holes and swans, the entirety of the German yield curve is on the precipice of disaster–now negative up to 15 years in duration.

German bunds at -0.185% is the backdrop for markets to work against. Sure, equities look damned good against those negative rates. But, then again, only an idiot would construe those rates to be a result of normal economic circumstances.

Ladies and gents, these are times wrought with financial penny dreadfuls. Nothing about this is normal, so cast aside any models you might have which helps you to sleep well at night.

Dark days are ahead. Board the fucking ark, already.

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18 comments

  1. asteroids

    Hmmm. On average, every fucking German bond is now negative. This is unsettling and now makes me nervous. Due to CB fuckery gold and silver are hard to own. Damn, that only leaves cash and diamonds.

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  2. helicopter money
    helicopter money

    Stack more until the floorboards are busted.

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  3. helicopter money
    helicopter money

    Long toilet paper.

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    • 99 lead balloons
      99 lead balloons

      Dollar bills may be better value. I pity the strippers having bars of gold thrown at them.

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  4. cali24dog

    I can’t wait to refinance at 2%…this is nuts.

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  5. fryguy15

    I need to start listening to the conferece calls of insurers. WTF are they doing in this environment? Just piling into US agency paper and treasuries? I can’t see a scenario where this ends well.

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    • it is showtime
      it is showtime

      Was so from the beginning
      “cant see a scenario where this ends well”.
      Bears’ posture 5/6 years ago maligned.
      Yet the echo presence with quite palpable vindication

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  6. Bullish

    Chicken little said the same thing about the sky.

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    • Dr. Fly

      so then place your bets against me

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      • frog

        If Bullish is bullish, he already is long.

        I am long too. It’s going to be a bumpy road. But I think the market will become bullish in time, whenever it decides to leave its trading range.

        It’s true that Europe isn’t doing great.

        Although there is no proof that Hillary Clinton did anything wrong, rather than careless, the EU has clearly been doing things that do not work. So they may be doomed, unless they change to doing things that do work.

        The U..S. , OTOH, may eventually be seen as the safe haven, since it is not stuck in the EU with a bunch of other countries that it has nothing in common with and that can only drag it down. Even Britain is stuck there in the EU until such time as it can extricate itself. It’s like the movie: 28 Shades of Grey.

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        • chuck bennett

          @frog

          I totally agree with you.

          How old are you frog ?

          Regards

          Chuck Bennett

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        • frog

          You have never told me your age either, and I don’t want you to. I want to evaluate your comments and ideas on the basis of what they are– not on the basis of whatever your age might be.

          I think our country is at a crossroads, where it is absolutely crucial that we need to start understanding better which ideas will help us to act more constructively. Knowing each other’s age, gender, religion, or political party gets in the way of that happening.

          Even if you would not judge my ideas by using my age, other people here would. People are dying to find ways to discount each others’ ideas, unfortunately. Most people don’t care WHAT is said. They just care WHO said it– whether it was a media outlet that they trust or don’t, or a politician that they trust or don’t, whether the person seems to them too young or too old or too whatever to know what they are talking about.

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        • frog

          And I enjoy discussing things with you. I think you are genuinely concerned about our country too. People are always losing out on mind expanding discussions nowadays, because someone else they could have a discussion with turned out to be too Catholic or too atheist or too liberal or too conservative or is female or male or too young or too old or too whatever or a member of some ethnic group they don’t like.

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        • frog

          Our greatest problem as a nation is how divided and conquered we are, from the 2 party system, and on and on.

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  7. it is showtime
    it is showtime

    A penny dreadful line. Peachy
    https://s-media-cache-ak0.pinimg.com/736x/23/bb/77/23bb778f9d2e66e97e5057cea5975fc3.jpg

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