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Jets hire Maccagnan as GM and Bowles as HC. Who's starting the billboard fundraiser?
HarlemHxC814 Icon : (23 January 2015 - 07:33 PM) FIRE BAUERS NONEXISTENT AS OF YET FUTURE REPLACEMENT
Jetsfan0099 Icon : (23 January 2015 - 09:21 PM) Mangini 49ers DC
Jetsfan0099 Icon : (23 January 2015 - 09:21 PM) Bad hire, the 49ers are seriously downgrading in coach. Going from Harbuagh to Tomsula, now Fangio to Mangini
HarlemHxC814 Icon : (23 January 2015 - 10:06 PM) Lol wow
Jetsfan0099 Icon : (24 January 2015 - 08:17 AM) I hate when people say mangini built our team, I didn't know he was gm. Tannenbaum was good at making moves
Jetsfan0099 Icon : (24 January 2015 - 02:05 PM) Bowles added pepper Johnson as dl coach, nice
HarlemHxC814 Icon : (24 January 2015 - 04:13 PM) FIRE JOHNSON
HarlemHxC814 Icon : (24 January 2015 - 04:13 PM) MORE TURNOVER
ganggreen2003 Icon : (24 January 2015 - 06:05 PM) I'm loving all these additions to the JETS coaching staff
ganggreen2003 Icon : (24 January 2015 - 06:06 PM) I can't wait to see what Maccagnan does in Free Agency and in the draft
Jetsfan0099 Icon : (24 January 2015 - 07:40 PM) @AlbertBreer
The Jets are hiring Bears nat'l scout Rex Hogan as their director of college scouting. Chicago has released him from his contract
Jetsfan0099 Icon : (24 January 2015 - 07:40 PM) @AlbertBreer 14m14 minutes ago
The Jets are also hiring Rams scout Brian Heimerdinger to a prominent front-office role. St. Louis let him out of his deal.
Jetsfan0099 Icon : (24 January 2015 - 07:48 PM) Heimerdinger is our director of player personnel now
ganggreen2003 Icon : (24 January 2015 - 08:12 PM) That is Mike Heimerdinger's son who used to be our OC in 05
ganggreen2003 Icon : (24 January 2015 - 08:12 PM) hopefully his son isn't as horrible as his pop was at play calling
Jetsfan0099 Icon : (24 January 2015 - 08:17 PM) Everyone looks like a bad playcaller when you have no QB and have no talent
Jetsfan0099 Icon : (24 January 2015 - 08:18 PM) When Heimerdinger was our OC it was when we had a ton of injuries on offense, were down to our 4th or 5th string QB
HarlemHxC814 Icon : (24 January 2015 - 08:42 PM) FIRE HOGAN
HarlemHxC814 Icon : (24 January 2015 - 08:42 PM) FIRE HEIMERDINGER
ganggreen2003 Icon : (24 January 2015 - 08:47 PM) STFU Harlem you are f***ing getting real annoying with this FIRE bullshit
HarlemHxC814 Icon : (24 January 2015 - 09:13 PM) I thought you didn't pay attention to me
HarlemHxC814 Icon : (24 January 2015 - 09:14 PM) You aaaaaare the wind beneath my wiiiiiiiiiings
a1elbow2.0 Icon : (24 January 2015 - 09:33 PM) I wonder if any possible new members come here, see no new posts for days and these about box conversations and wonder how the f*** this site is operational
MikeGangGree... Icon : (25 January 2015 - 12:22 AM) Would u rather FIRE EVERYONE or SUCK FOR THE DUCK
Jetsfan0099 Icon : (25 January 2015 - 05:20 PM) Looks like we are having a blizzard the next 2 days over here.
HarlemHxC814 Icon : (25 January 2015 - 06:50 PM) My boss still said to come in lol
HarlemHxC814 Icon : (25 January 2015 - 06:50 PM) Possibility for midday dismissal though
Chadforpresi... Icon : (25 January 2015 - 09:52 PM) FIRE HARLEM
HarlemHxC814 Icon : (26 January 2015 - 01:11 AM) FIRE YOU
MikeGangGree... Icon : (26 January 2015 - 12:07 PM) FIRE NYJETSFAN.COM
azjetfan Icon : (26 January 2015 - 05:36 PM) this site has become dismal.
Mr_Jet Icon : (26 January 2015 - 06:47 PM) Thanks Obama.
Mr_Jet Icon : (26 January 2015 - 06:49 PM) But really for all of you complaining about the site. What is there to talk about? We have a new GM and HC that we don't know how good or bad they'll be yet. So there really isn't much to talk about with the draft still months away.
azjetfan Icon : (26 January 2015 - 09:59 PM) Even I can't blame Obama :drinks:
MikeGangGree... Icon : (26 January 2015 - 11:42 PM) It could be worse
MikeGangGree... Icon : (26 January 2015 - 11:42 PM) we could be Phinzrage
MikeGangGree... Icon : (26 January 2015 - 11:43 PM) We got nothing to talk about
HarlemHxC814 Icon : (Yesterday, 09:43 AM) HIRE MR JET
Jetsfan0099 Icon : (Yesterday, 11:17 AM) There are some good OGs available in FA, we have to sign one
Jetsfan0099 Icon : (Yesterday, 11:18 AM) Willie Colon was rated as one of the worst in football last season. So was Winters. Oday shows promise
Jetsfan0099 Icon : (Yesterday, 11:18 AM) Orlando Franklin, Mike Iupati, Clint Boling. Should sign one
HarlemHxC814 Icon : (Yesterday, 12:34 PM) Franklin or Iupati would be great
ganggreen2003 Icon : (Yesterday, 01:46 PM) hey reg how did you make out in this storm?
ganggreen2003 Icon : (Yesterday, 01:47 PM) we got slammed with snow but the wind didn't knock out our power so I made out pretty unscathed here in RI
ganggreen2003 Icon : (Today, 01:14 PM) What sucks is that the NFL isn't going to throw the book at those CHEATS even though they may be found GUILTY
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Get Ready For A 'massive Interest Rate Shock' Soon Bad news for the future economy.

#1 User is offline   azjetfan Icon

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Posted 27 August 2013 - 02:52 PM

http://www.cnbc.com/...0a%20%27massive

Long story short, get ready middle class and below. This one is going to hurt. Within a year or two middle class will not be able to afford to buy a house unless you already own one. Our debt is catching up with us.


Quote

Wall Street and Washington love to spread fables that facilitate feelings of bliss among the investing public.

For example, recall in 2005 when they inculcated to consumers the notion that home prices have never, and will never, fall on a national basis.

We all know how that story turned out.

Along with their belief that real estate prices couldn't fall, one of their favorite conciliatory mantras that still exists today. Namely, that foreign investors have no choice but to perpetually support the U.S. debt market at any price and at any yield.

But, unlike what their mantra claims, the latest data show weakening demand in overseas purchases of Treasurys.
Is the economy as good as you think?


According to the U.S. Treasury Department, there was a record $40.8 billion of net foreign selling of Treasurys in June. That was the fifth straight month of outflows in long-term U.S. securities. China and Japan accounted for $40 billion of those net Treasury sales.

Those two nations are important because China is our largest foreign creditor ($1.27 trillion), and Japan is close with $1.08 trillion in holdings.

This shouldn't be a surprise to those who are able to accurately assess the ramifications from the Federal Reserve removing its massive bid for U.S. debt.

In truth, yields currently do not at all reflect the credit, currency or inflation risks associated with owning Treasurys.

If the Fed were not buying $45 billion each month of our government bonds, investors both foreign and domestic would require a much higher rate of return. Investors have to be concerned about the record $17 trillion government debt (107 percent of gross domestic product), which is growing $750 billion this year alone.

In addition, holders of U.S. debt must discount the inflation potential associated with a record $3.6 trillion Fed balance sheet, which is still growing at $85 billion each month. Also, foreign investors have to factor into their calculation the potential wealth-destroying effects of owning debt backed by a weakening U.S. dollar.


Of course, some people may claim that Japan has more debt outstanding as a percentage of its GDP than we do and yet the nation's interest rates are much lower than ours...so what's the problem?

But, unlike the U.S., Japan has a long history of deflation and only 10 percent of its debt is in foreign hands. The U.S. has not enjoyed any such history of deflation and is also a country that has only 50 percent of its debt held domestically.

Therefore, there hasn't been any real concern about foreigners abandoning the Japanese bond market because of a fear that the Yen may collapse.

But the tremendous number of foreign U.S. creditors needs to be constantly vigilant of the dollar's value. However, due to its foolish embracement of Abenomics, Japan will also have to fear a collapse of its debt market from rising inflation in the near future, just as we do here.


If the free market were allowed to set interest rates and not held down by the promise of endless Fed manipulation, borrowing costs would be close to 7 percent on the 10-year note. Let's face it, the only reason why anyone would loan money to the U.S. government at these levels is because of a belief that our central bank would be there to consistently push prices up and yields down after their purchases were made.

Our central bank has now adopted an entirely new paradigm.

Fed intervention used to be about small changes in the overnight interbank lending rate, which has averaged well above 5 percent for decades. However, not only has the Fed funds rate been near zero percent for the last five years, but also long term rates have been pushed lower by four iterations of quantitative easing.

The latest version is record setting, open-ended and massive in nature.

Since QE is mostly about lowering long-term rates, it shouldn't be hard to understand that its tapering would send rates soaring on the long end.


When the Fed stops buying Treasurys, foreign and domestic investors will do so as well. This means for a period of time there won't be anyone left to buy Treasurys unless prices first plunge.

The effects of rising rates will be profound on currencies, equity prices, real estate values and economies across the globe.

It would be wise to prepare your portfolio for a massive interest rate shock in the near future.

—Michael Pento is an economist and president of Pento Portfolio Strategies.

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