Edward: this is a local shop
Edward: this is a local shop the strangers you would bring would not understand us, our customs, our local ways.
View Article"system limitations would
"system limitations would prevent any possible issuance of FRNs until 2013". But a derivitive based on them will be cooked up this afternoon by the wonder kids at the PDs, and be rolled out to the...
View ArticleDid they also unanimously
Did they also unanimously agree to continue calling us 'muppets'? (or are they switching to some other name like 'peasants')?
View ArticleWell, you don't haven't to
Well, you don't haven't to worry about then. Just make sure everything you own is paid for and not hold any debt. To fix this mess, the rate would have to start at 41% because the powers that be...
View ArticleExcept if they rig the rates
Except if they rig the rates to track nominal inflation but come in at an acceptable level below real inflation.
View ArticleDoes anybody realize what the
Does anybody realize what the they are setting themselves up for with this floating rate thing? Am I the only one here lost for words with this latest piece of dumbfuckery?
View ArticleTrue, on paper it works that
True, on paper it works that way. On the street it turns into empty homes, unsold cars, unsold Apple Products, un-used fields that would grow food, etc. Current debt to equity for most western folks...
View ArticleYes, if you are a Wall St.
Yes, if you are a Wall St. bank that was informed of the Fed's QE plans way back in 2009 and bought equities at really low prices and are now fading them at huge profit. Then you could use the proceeds...
View ArticleThis simply means
This simply means that Wall Street is either desperate to telegraph a surge in short-term rates, or, even worse, if actually anticipating a surge in short-term rates and is doing all it can to hedge...
View ArticleCheck out the
Check out the digs...http://www.hayadams.com/washington-dc-hotel-gallery.php
View ArticleMeet the new scam, same as
Meet the new scam, same as the old scam... [/won't get fooled again]
View ArticleA lot of people went into
A lot of people went into bonds after (correctly) swearing off stocks.Now they are going to get screwed again in a different asset class if rates actually rise. I may get flamed for saying this, but...
View ArticleIt would be interesting for
It would be interesting for sure, particularly when traded in conjunction with Treasury sovereign CDS, since it's so easy to short Treasuries.
View ArticlePrecisely. ZIRP will continue
Precisely. ZIRP will continue and the CPI will be cooked to show deflation. Pension funds and others will be legislated to hold FRNs, on which the return will be negative. In other words, FRN holders...
View Articlewhenever the squid and
whenever the squid and cohorts develop a new product to sell to you SHORT IT. My guess is that these floaters will be issued and somehow the rates will be driven down further.
View ArticleIt's just another
It's just another trick/trap.Yes, it certainly LOOKS LIKE a ridiculously bad idea, so you have to assume that they've got an angle to manipulate some given metric in order to create arb...
View ArticleDoes FRN stand for
Does FRN stand for anything good?I am not sure, but I think maybe TBAC is the same committee that on one hand recommended US citizens subsidize tobacco use, and on the other hand recommended we...
View ArticleThis is precisely what the
This is precisely what the stock casino is down today. The crime ring in NY and DC need to force money into the junk paper being issued so that the Fed doesnt have to buy 100% of the confetti.
View ArticleFRN's are not a new
FRN's are not a new instrument, they were issued after WWII.One problem is their affect on current bonds.The 1951 accord offered to swap outstanding long-term debt for new long-term debt with higher...
View ArticleMost borrowers live to regret
Most borrowers live to regret variable rates. Rate increase tend to come at the worst time for them.
View ArticleWell, duh. Where are you
Well, duh. Where are you going to get data on treating cancer if there aren't plenty of people to do research on?
View ArticleSo everyone is buying our
So everyone is buying our treasuries right now....or so we are told....big huge demand....so why do they have to add a bene to the treasuries like a moving rate.....it seems to me that there is not as...
View Article...if you are a
...if you are a Wall St. bank... ...the floating rate characteristic is going to be incredibly valuable...Ummm, you don't need to be a bank, all you need is money and balls.
View ArticleThis is my take, as well.
This is my take, as well. Rates on the long end will be the target as all of this is quite likely simply an attempt by the TBTF government to rig those rates lower, making our crushing debt levels...
View Article...or they are very
...or they are very stupid because when interest rates hit 15%..it will cost the USA a lot more money to cover this crap...Not so stupid. It would indeed cost the US citizens, but it would benefit...
View ArticleDoes the CDC factor in
Does the CDC factor in nuclear testing fallout in lung cancer rates, or cancer rates in general?
View ArticleJust another way to
Just another way to re-capitalize the Fed and the primary dealer banks. The way I see it, it's the same old government-Fed mutual back scratching shell game. The slaves (taxpayers) aren't the AAA...
View ArticleIf you've taken a stats class
If you've taken a stats class you know the answer. It's what provides the best optics.
View ArticleOh sorry, I guess the memo
Oh sorry, I guess the memo that Ben sent me just before Jackson Hole must have ended up in my junk email folder.
View ArticleIt seems to me that buying
It seems to me that buying Treasury floaters because you expect rates to spike is kind of like buying a CDS on company ABC...with ABC as your counterparty.
View ArticlePension funds and others will
Pension funds and others will be legislated to hold FRNs, on which the return will be negative.and how long will pension funds be able to continue making patouts if they are already woefully...
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