Do any of you have the slightest clue of what would happen if the 10yr were to jump to 5%, as Greenspan is predicting? He’s calling for the entire global QE structure to be unwound, to be replaced by exactly what? A global renaissance in manufacturing?
This is sheer fucking lunacy of a very old and delusional man.
“If the early stages of inflation, which are now developing, would take hold, you could get — fairly soon — a fairly major shift away from these extraordinarily low yields on 10-year notes, for example,” Greenspan said in an interview on Bloomberg Television on Monday. “I think up in the area of 3 to 4, or 5 percent, eventually. That’s what it’s been historically.”
“We’re moving into the very early stages of inflation acceleration,” Greenspan said. “That could be the trigger.”
“It’s a problem, as in going from where we are now to 4 or 5 percent,” he said. “There’s a whole structure of adjustments which have taken place, basically since 2008, which have to be unwound, and that’s not going to be done without a problem.”
Imagine trying to balance a Federal budget with the borrowing costs double what they are now. Forget about that, municipal rates would jump in lockstep, as well as corporates. It would equate to the fucking end of western finance as we know it. The titanic debt bubble, which has been building since 2008, would burst on Wall Street like a fucking hydrogen bomb inside a factory of nuclear bombs.
Good thing none of this shit will ever happen.
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Never trust a man with beady little eyes.
Never trust anyone that sleeps with a on-air national reporter.
http://www.zerohedge.com/news/2016-11-07/impeachment-process-starts-french-president-hollande-disclosing-classified-informati
The Debt bubble commenced in ’01 at the hands of The Master of Disaster. Mr. Magoo is a Fool. He along with thousands should be tried for Treason.
Huh, very interesting. Comey prevents obama from pardoning killary.
https://youtu.be/LAJtInSLpAE
Not sure about that. BO can still pardon regardless of election outcome. A blast from the past….
“President Ford granted former President Richard M. Nixon an unconditional pardon today for all Federal crimes that he “committed or may have committed or taken part in” while in office, an act Mr. Ford said was intended to spare Mr. Nixon and the nation further punishment in the Watergate scandals.”
Let’s be clear about something. This rally isn’t just because Clinton is projected to win and stay out of nonsense impeachment proceedings. It is because the chance of a Dem. controlled senate has dropped to 45% according to Mr. Nate Silver. Four more years of deadlock people. We moderates love that.
Excellent observation. After Trump was nominated this was the best possible outcome that could be hoped for and thankfully it appears it may the case.
There is a mild factor there.
Futures went from 0-200 in 30 minutes last night, Senate not a factor
Any bets on HOW MANY MORE TIMES CNBC WILL PLAY THE Tepper comments slamming Trump today?
Was someone at CNBC told to play the Tepper crap every 15 minutes???
CNBC should be called CDNC. Tepper sounded like a lunatic. Pretty bad for a billionaire.
LOL – and they just played a clip of him AGAIN!!
what a clown .. the maestro of stimulus and ultimately negative interest rates
now that he is removed from the rudder, the glory and the blame, he is free to speak the truth
Early stages of inflation? He must be referring to 0bamacare
“He’s calling for the entire global QE structure to be unwound, to be replaced by exactly what? A global renaissance in manufacturing?” If I didn’t know any better, I would have thought you were speaking about Trump.
Very scary man. And ugly as Soros. I’m geriatriphobic.