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MikeGangGree... Icon : (19 August 2016 - 09:40 PM) Geno 6/13 1Int
MikeGangGree... Icon : (19 August 2016 - 09:46 PM) BOOOO we lose
santana Icon : (20 August 2016 - 09:29 AM) I was at the game and I thought fitz looked like crapola
vjdbbq Icon : (21 August 2016 - 01:01 PM) You were looking at GENO !!!!!!!!!!!
santana Icon : (21 August 2016 - 02:24 PM) you have a crush on geno don't you
santana Icon : (21 August 2016 - 02:24 PM) it's ok
ganggreen2003 Icon : (21 August 2016 - 07:10 PM) WTF is taking so long to cut geno and milliner
ganggreen2003 Icon : (21 August 2016 - 07:10 PM) they both are bums and need to go away
Chaos Icon : (22 August 2016 - 08:29 AM) it makes zero sense to cut them.
Chaos Icon : (22 August 2016 - 08:30 AM) this isn't fantasy. cutting players has an impact on the cap.
Jetsfan115 Icon : (22 August 2016 - 10:20 AM) becuase we need them
Chaos Icon : (23 August 2016 - 11:25 AM) DRAFT UPDATE:

Date: Tuesday August 30, 2016
Time: 8:00 pm
Jetsfan115 Icon : (23 August 2016 - 02:20 PM) cap stuff http://nyjetsfan.com...showtopic=38899
ROBJETS Icon : (24 August 2016 - 11:20 AM) All the Sanchez fans saying he finally has good receivers so he will play well will probably finally have your eyes opened. Looking like he will likely be cut from the Broncos by the end of preseason. He already lost his starting job to the backup and the rookie qb is playing decent too
ROBJETS Icon : (24 August 2016 - 11:21 AM) Sanchez isn't starting this week and may not play at all
ROBJETS Icon : (24 August 2016 - 11:22 AM) SOURCE: NFL LIVE yesterday
ROBJETS Icon : (24 August 2016 - 11:24 AM) 3 turnovers and one td in 2016 preseason
santana Icon : (25 August 2016 - 07:20 AM) he will probably start until week 4 lol hes their geno smith
santana Icon : (25 August 2016 - 07:20 AM) https://youtu.be/f7FZ04xFa2Q
Jetsfan115 Icon : (25 August 2016 - 06:37 PM) Browns trade former first-round pick Barkevious Mingo to Patriots
Jetsfan115 Icon : (25 August 2016 - 06:37 PM) for a conditional draft pick
Jetsfan115 Icon : (26 August 2016 - 05:43 PM) enunwa out for tomorrows game. should give the young WRs some good reps with the first team. CUrious as to who starts in the slot. Will give a good idea of who the jets consider at the top of the group
MikeGangGree... Icon : (27 August 2016 - 06:59 PM) Starting Offense is starting to worry me
MikeGangGree... Icon : (27 August 2016 - 07:00 PM) I know its only preseason but they haven't done anything at this in 3 games
MikeGangGree... Icon : (27 August 2016 - 08:19 PM) Harris got hurt is out for the rest of the game
MikeGangGree... Icon : (27 August 2016 - 08:53 PM) Well Milliner still sucks
MikeGangGree... Icon : (27 August 2016 - 09:07 PM) Hack is in
MikeGangGree... Icon : (27 August 2016 - 09:13 PM) Hack led a 80 yard TD drive!
MikeGangGree... Icon : (27 August 2016 - 09:13 PM) 4/6 79 yards
MikeGangGree... Icon : (27 August 2016 - 09:42 PM) And a pick for Hack now
MikeGangGree... Icon : (27 August 2016 - 09:44 PM) Well if the giants take the lead It will be interesting to see hack in the 2 min drill
MikeGangGree... Icon : (27 August 2016 - 09:44 PM) and now the giants have the lead
MikeGangGree... Icon : (27 August 2016 - 09:45 PM) Hack has 2 mins and 3 timeouts so lets see what he can do
MikeGangGree... Icon : (27 August 2016 - 09:48 PM) Hack has missed 4 in a row
MikeGangGree... Icon : (27 August 2016 - 09:52 PM) 4th and 1
MikeGangGree... Icon : (27 August 2016 - 09:53 PM) Booooo we lose
ganggreen2003 Icon : (28 August 2016 - 06:09 PM) Too bad we didn't cut milliner and geno today
ganggreen2003 Icon : (28 August 2016 - 06:09 PM) we should cut devin smith too cause he's a bust but hey I'm hoping geno and miliner get cut
ganggreen2003 Icon : (28 August 2016 - 06:10 PM) get rid of both of those bums
Jetsfan115 Icon : (Yesterday, 06:16 PM) in QB news sanchez likely to be cut. some teams have called the jets inquiring about geno, he may get traded
RetireChrebet Icon : (Today, 03:29 PM) If Bridgewater is seriously injured Its possible Minnesota might have some interest in Geno.
ganggreen2003 Icon : (Today, 05:12 PM) TRADE GENO NOW!!!!!
ganggreen2003 Icon : (Today, 05:12 PM) Get rid of that bum
ganggreen2003 Icon : (Today, 05:12 PM) I'm more comfortable with Petty as #2 than the assclown geno
Mr_Jet Icon : (Today, 09:30 PM) Me too.
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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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