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Jetsfan0099 Icon : (16 August 2014 - 07:14 PM) finally made a play on defense once Pryor came in
Jetsfan0099 Icon : (16 August 2014 - 07:15 PM) besides that INT, Geno looks better than last season IMO. seems more comfortable and is going through progressions.
Jetsfan0099 Icon : (16 August 2014 - 07:18 PM) DeMario Davis seems like hes poised to have a breakout season at LB
Jetsfan0099 Icon : (16 August 2014 - 07:50 PM) It was nice seeing Pryor in, he made some plays. I think hes going to be the real deal and that we will hit on a stud with him
azjetfan Icon : (16 August 2014 - 08:43 PM) The pick by Geno seemed to be more on Nelson. Nelson sat on his route. Geno threw it were he was supposed to be.
azjetfan Icon : (16 August 2014 - 08:44 PM) Who knows though
santana Icon : (16 August 2014 - 11:55 PM) http://gfycat.com/Mi...idHookersealion
santana Icon : (16 August 2014 - 11:55 PM) Gotta fix that
azjetfan Icon : (17 August 2014 - 01:35 PM) Is anyone else as concerned as I am about the secondary?
azjetfan Icon : (17 August 2014 - 01:36 PM) I know it's preseason and all but even with Milliner in on the first game we gave up a TD on the first drive to the Colts
azjetfan Icon : (17 August 2014 - 01:37 PM) Patterson looked like me out there and Wilson got torched last night
Smedsthejet Icon : (17 August 2014 - 02:26 PM) Concerned about the right side of the OLine too - too many penalties and Giacomini wasn't that much better than against the Colts when he was poor
SackExchange71 Icon : (17 August 2014 - 02:31 PM) Imo i still think howard is better then giacomini..Wish they never let him walk.Giacomini had alot of flags in seattle also
azjetfan Icon : (Yesterday, 09:33 AM) Howard recieved a huge contract in Oakland. Way over his actual value.
azjetfan Icon : (Yesterday, 10:08 AM) So did we make a trade for a CB yet?
Jetsfan0099 Icon : (Yesterday, 03:51 PM) Milliner did suffer a high ankle sprain, that sucks. could linger all year
Jetsfan0099 Icon : (Yesterday, 03:52 PM) I think Patterson sucked vs the Colts because he was injured, which he always is.
Mr_Jet Icon : (Yesterday, 06:49 PM) As much as people criticized Tannanbaum for spending too much. It's starting to look like Idzik is going to be too cheap.
Mr_Jet Icon : (Yesterday, 06:52 PM) You get what you pay for and when you let quality players go because you don't want to pay them, this is what happens. You're left with scrub players.
azjetfan Icon : (Yesterday, 07:55 PM) I'm still on board with the Idzik plan. Even with Revis and Revis we still are not going to the SB this year. But the down time sucks. If Milliner comes back healthy by week 3 or so we should be fine.
Mr_Jet Icon : (Yesterday, 08:18 PM) Regardless of our SB chances this year or next year. If Idzik keeps acting like a cheapskate and continues to let quality players go, we won't have to worry about winning much of anything this decade.
azjetfan Icon : (Yesterday, 09:36 PM) He wants to build through the draft. Not blow the bank on FA. I get what your saying but there is a balance and right now we are not one or two pieces away.
Mr_Jet Icon : (Yesterday, 11:00 PM) It's not about being one or two pieces away. It's about keeping the good pieces you have and building upon that.
Mr_Jet Icon : (Yesterday, 11:04 PM) But there is no sense in trying to build through the draft if he's only going to end up letting the good players he picks up go in FA after a few years. All because he wants to do things on the cheap.
Jetsfan0099 Icon : (Today, 07:02 AM) FIRE IDZIK
azjetfan Icon : (Today, 08:33 AM) out side of Revis who left we should have kept?
azjetfan Icon : (Today, 08:34 AM) The Revis deal sucks but $16 million was too much for a CB and once he was gone he was not coming back.
Mr_Jet Icon : (Today, 11:00 AM) Matt Slauson
azjetfan Icon : (Today, 01:00 PM) Eh. I think with our current cap situation we will be able to retain guys like Wilkerson and whomever we want to keep. We are in a good position right now.
Mr_Jet Icon : (Today, 01:49 PM) Time will tell.
Jetsfan115 Icon : (Today, 02:00 PM) landed revis abck. got DRC, nope we take patterson who got owned and always hurt. milner always hurt. 3rd round CB done for season. were gonna get passed on all day
azjetfan Icon : (Today, 02:44 PM) Yea the DRC bit makes me iffy
Jetsfan115 Icon : (Today, 03:35 PM) better then patterson
azjetfan Icon : (Today, 05:45 PM) No I mean the fact that he whiffed on him.
azjetfan Icon : (Today, 05:46 PM) I'm not saying Idzik is perfect. I just like the direction we are heading. It's going to take some patience.
RetireChrebet Icon : (Today, 06:27 PM) I like how our lack of secondary is the hot topic right now. The bigger issue is we still will not be able to throw the ball. We are not going to do much of anything regardless until we get a QB. Sorry for being so negative just my honest opinion.
RetireChrebet Icon : (Today, 06:29 PM) With that said I think our running game with CJ and Powell will be top 10 or somewhere around there
Jetsfan115 Icon : (Today, 06:35 PM) i have faith that if geno messes up that vick can come in and do well. but i have 0 faith in our secondary right now which has been our strong point for the past 4 years or so
MikeGangGree... Icon : (Today, 07:35 PM) I agree 115. but the one thing is Rex has done some good things in the past with shitty DBs and still had a solid D going back to his years in BAL
MikeGangGree... Icon : (Today, 07:37 PM) Corey Ivy CB
36 Jim Leonhard SS/PR
43 Haruki Nakamura FS
25 Evan Oglesby CB
20 Ed Reed FS
22 Samari Rolle CB
39 Daren Stone FS
41 Frank Walker CB
31 Fabian Washington in 2008
MikeGangGree... Icon : (Today, 07:39 PM) Reed is a HOF but Rolle was way past his prime
MikeGangGree... Icon : (Today, 07:41 PM) SNOOPY BOWL FRIDAY!!!
MikeGangGree... Icon : (Today, 07:41 PM) WOOOOOOOOOOOOO
azjetfan Icon : (Today, 08:26 PM) I assume we will pick up a guy after the cuts happen.
Jetsfan0099 Icon : (Today, 10:14 PM) we'll see but I think we see better QB play than we have in a while.
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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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