Melodramatic INTEREST RATE stuff

FWIW

--------------
Bernanke and everyone in the White House will try to stop this from happening. If they can't, there will be real trouble ahead for the economy. Right now, this event is at a MAJOR testing point.

What is it?

The answer is "interest rates". Below is a chart showing a 17 year down trend on 30 year bond yields. Its resistance line has had 7 touch points.

We are now at number 7, and international investors want to be paid higher interest for what they perceive to be an environment with much higher risks. That pressure makes this current test a MAJOR testing point.

Bernanke is sweating right now, because if he can't be successful at keeping interest rates down, the housing market will take another turn for the worse and foreclosures will keep rising. Home mortgage interest rates will rise. (Bernanke is trying to be very proactive in driving rates down right now. There is a lot of international pressure coming in, so it will not be as easy as he thinks.)

If we break above the resistance line shown, we can expect interest rates to rise to a level that would increase monthly mortgage costs by 20% to 25% this year. This could be one of the most significant events seen during the past few years.

http://www.stocktimi...arketUpdate.htm

"Bernanke is sweating" Really? He looked quite happy, even giddy today to talk to Congress. He even laugh at Ron Paul when he was accused of doing nothing but monetizing the debt. This will continue. The fix evidently is in. The dollar to fall in value, interest rates to remain low; He is sure of it.

This will continue. The fix evidently is in. The dollar to fall in value, interest rates to remain low; He is sure of it.

He was also sure when everything was "contained" and that everything was cool. They are a bunch of morons pretending everything is OK......like every Ponzi scheme, the system rests on false confidence which they are trying to maintain at all cost.......He can keeep rates where they are, what he cannot change is the second wave of mortgage arm resets!, no interst rate will change that, it is already happening, low income people and unemployed with huge ARM mortgages that are coming due for renewal already over the next 18 months...... Interest rate increases would only exacerbate what he cannot change.

Otherwise not enough people will buy the huge current and upcoming US debt at very low rates.

GS.

This will continue. The fix evidently is in. The dollar to fall in value, interest rates to remain low; He is sure of it.

He was also sure when everything was "contained" and that everything was cool. They are a bunch of morons pretending everything is OK......like every Ponzi scheme, the system rests on false confidence which they are trying to maintain at all cost.......He can keeep rates where they are, what he cannot change is the second wave of mortgage arm resets!, no interst rate will change that, it is already happening, low income people and unemployed with huge ARM mortgages that are coming due for renewal already over the next 18 months...... Interest rate increases would only exacerbate what he cannot change.

Otherwise not enough people will buy the huge current and upcoming US debt at very low rates.

GS.

No, the thing is GS he was really quit jovial (he has won). Not his blank stair of a look he does his best to put on when he wishes to decieve.

I think Turbo Tim convinced India to put up their gold in support of a JPM "gold/silver" futures shorting compaign; Perhaps signed
a swap agreement granting some USD for India to buy some Treasuries. The Gold Silver physical shortage is the only real thing
China and/or Russia have over us.

The mortgages and debt will not matter as long as they can keep all assets (less metals, food and possibly oil) on an upward slope in price.

Edited by jjc, 14 April 2010 - 03:00 PM.