5 replies to this topic

[Douglas]

If rates are at zero and you drive down the value of the currency by walking back promised rate hikes, abracadabra you've magically conjured up negative real interest rates.  Very strange that so far dollar denominated long debt has risen in price, a bit like fleeing into the burning building.  This novel way of creating negative interest rates appears to be the FED's latest weapon in their all out war on sanity.  A fast, sharp break in the dollar could have severe unintended consequences.  Happy sailing aboard the FED piloted US version of the economic Titanic.

 

Regards,

Douglas

[tria]

If rates are at zero and you drive down the value of the currency by walking back promised rate hikes, abracadabra you've magically conjured up negative real interest rates.  Very strange that so far dollar denominated long debt has risen in price, a bit like fleeing into the burning building.  This novel way of creating negative interest rates appears to be the FED's latest weapon in their all out war on sanity.  A fast, sharp break in the dollar could have severe unintended consequences.  Happy sailing aboard the FED piloted US version of the economic Titanic.

 

Regards,

Douglas

 

Perhaps they will next try to force-feed us with some inflation at last, as they have tried to force-feed us with other previously unimaginable stuff in the last few years. It is the only way they will be able to keep their promise and keep interest rates rising.

The savers will loose once again.

Edited by tria, 04 February 2016 - 01:53 PM.

[SemiBizz]

Nah, they are just busy setting up tomorrow's Jobs trade....

 

Building a risk/reward for another ugly trade.

[Douglas]

Tria, if my lousy memory serves me correctly, you're a Greek.  I saw a note today on a news outlet web site that said rioting was again starting to pop up here and there in Greece.  Is this just news BS or are things starting to get out of hand there again?  I don't believe much of what I read in the press.  Thanks.

 

Regards,

Douglas

[tria]

Douglas, your memory is up to scratch.

I am pure Greco and today's general strike (but not really rioting) was the biggest ever. Total lock out.

All public and private sector business, all emloyees, employers and professionals were on strike and I do mean all.

Things do seem to unravel fast. If you include the political and economic refugees problem from Syria, Afganistan

and North Africa, puting a strain to our weak economy (-0.7% is forecasted for 2016), the unsustainable pention

situation and the very high taxation being proposed to be implemented (60% above euro 60,000), you get the picture. 

The Greek goverment, politically speaking is bankrupt and the public finances are deep in the red.

The fact that for the first time in my life, I joined the demonsrating crowd, and I am not young, may tell you something.

Greece is beatiful but only good for holidays and to spend money, not to make money nowdays.

For the first time since October of last year, the phrase "new election" possibility was heard from the MSM.

 

To save face and pretend all is under control, the Government declared that the demonstration was welcomed !

Very funny indeed.

 

-tria

 

 

Tria, if my lousy memory serves me correctly, you're a Greek.  I saw a note today on a news outlet web site that said rioting was again starting to pop up here and there in Greece.  Is this just news BS or are things starting to get out of hand there again?  I don't believe much of what I read in the press.  Thanks.

 

Regards,

Douglas

 

[CHAx]

Douglas, your memory is up to scratch.

I am pure Greco and today's general strike (but not really rioting) was the biggest ever. Total lock out.

All public and private sector business, all emloyees, employers and professionals were on strike and I do mean all.

Things do seem to unravel fast. If you include the political and economic refugees problem from Syria, Afganistan

and North Africa, puting a strain to our weak economy (-0.7% is forecasted for 2016), the unsustainable pention

situation and the very high taxation being proposed to be implemented (60% above euro 60,000), you get the picture. 

The Greek goverment, politically speaking is bankrupt and the public finances are deep in the red.

The fact that for the first time in my life, I joined the demonsrating crowd, and I am not young, may tell you something.

Greece is beatiful but only good for holidays and to spend money, not to make money nowdays.

For the first time since October of last year, the phrase "new election" possibility was heard from the MSM.

 

To save face and pretend all is under control, the Government declared that the demonstration was welcomed !

Very funny indeed.

 

-tria

 

 

Tria, if my lousy memory serves me correctly, you're a Greek.  I saw a note today on a news outlet web site that said rioting was again starting to pop up here and there in Greece.  Is this just news BS or are things starting to get out of hand there again?  I don't believe much of what I read in the press.  Thanks.

 

Regards,

Douglas

 

 

Not trying to spread fear, but just being genuine here:

 

with Western European Banks breaking to their 2009 lows.  Its time  to get that money out of the EU banking system.  Some combination of gold, cash, and foreign bank accounts depending upon your personal circumstances.  Its better to be months or years early, rather then 1 day late.  Good luck and I hope you guys get the political control back from Brussels.