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ROBJETS Icon : (22 November 2015 - 04:21 PM) If Fitz had good protection he would've made better throws. Also Marshall dropped a lot of easy catches
MikeGangGree... Icon : (22 November 2015 - 04:23 PM) f***........................
MikeGangGree... Icon : (22 November 2015 - 04:23 PM) I HATE THIS
MikeGangGree... Icon : (22 November 2015 - 04:24 PM) Dolphins looking to take us out next week also
MikeGangGree... Icon : (22 November 2015 - 04:24 PM) I think Mangold has a broken wrist
MikeGangGree... Icon : (22 November 2015 - 04:34 PM) Jets 4th loss by 7 points or less. I all 4 of them the jets had the Ball with under 2 mins to go with a chance to tie or win the game
santana Icon : (22 November 2015 - 04:35 PM) noooooooo
MikeGangGree... Icon : (22 November 2015 - 04:36 PM) yessssssssssssssss
MikeGangGree... Icon : (22 November 2015 - 04:53 PM) So now we have to pull for the Pats against the Bills to stay even with them
MikeGangGree... Icon : (22 November 2015 - 04:53 PM) BOOOOOOOOOOOOO
MikeGangGree... Icon : (22 November 2015 - 04:54 PM) Hate my life
vjdbbq Icon : (22 November 2015 - 06:11 PM) SLIDE YOU f*** HEAD SLIDE !!!!!!!!!!!!!!!!!!
vjdbbq Icon : (22 November 2015 - 06:11 PM) I don't want to see Geno !!!!!!!!!!!!!!!
MikeGangGree... Icon : (22 November 2015 - 11:42 PM) Report is mangold has a severe cut on his hand
ROBJETS Icon : (23 November 2015 - 02:12 AM) Jets playoff hopes are seriously on the edge of going down the drain with all the close records, tie breakers and better division win %.Steelers and Chiefs are prime for the 2 wild card spots. Jets pretty much need to run the table at this point for even a shot at a wildcard.
ROBJETS Icon : (23 November 2015 - 02:14 AM) Sucks big time after the season started so promising. 4-1 to total implosion. It sucks even more because we are so used to it we expect it every year now.
vjdbbq Icon : (23 November 2015 - 08:52 AM) Nice ass rob
MikeGangGree... Icon : (23 November 2015 - 12:31 PM) Jets cut copels today
MikeGangGree... Icon : (23 November 2015 - 12:32 PM) Coples
NJAzrael71 Icon : (23 November 2015 - 01:24 PM) Scott20119.....how about you go troll and spam some other site? Spammers can go f*** themselves.
ROBJETS Icon : (23 November 2015 - 05:39 PM) vjdbbq you have some serious metal and IQ issues. Why dont you go back to your old ways of never posting when you had only 5 or 6 posts since your join date in 07.
ROBJETS Icon : (23 November 2015 - 05:39 PM) mental
ROBJETS Icon : (23 November 2015 - 05:49 PM) Thanks for the news MGG. If the FO didn't try to shop him before the trade deadline it was stupid because releasing him now they get nothing. Maybe no one would've traded but if so even a 6th or 7th round draft pick or someone the team might be able to use would've been better than nothing
ROBJETS Icon : (23 November 2015 - 05:51 PM) He sucked this year but did have a career best 6.5 sacks in 2014 so a team change might work out for him.
azjetfan Icon : (23 November 2015 - 07:36 PM) Couples will land on the Bills when Rex grabs him off waivers
azjetfan Icon : (23 November 2015 - 07:37 PM) in the mean time does anyone think we would have a better record under Rex with this same team?
ROBJETS Icon : (23 November 2015 - 07:53 PM) Couples....it wouldn't surprise me and .....with Rex its hard to tell. His defensive scheming may be the best in football but this team has had a lot of injuries on both sides of the ball which has absolutely cost the team at least 3 games ......so as far as better record. it would be simply an opinion. Bowles has done a good job so I have no problems with him other than time out usage. That said I feel rex got a bad rap because he never had a qb even on Fitz caliber and Fitz is just average. But that is in the past so no sense even debating about it now. Rex is with a new team and we finally have a qb who doesn't completely suck. Still wish we had a true high level franchise qb though.
azjetfan Icon : (23 November 2015 - 09:34 PM) Watching the game and I am finding myself yelling at the bills offensive playcalling
azjetfan Icon : (23 November 2015 - 09:34 PM) Just stipupidity
azjetfan Icon : (23 November 2015 - 09:35 PM) run the ball every time on first and second with zero sucess
azjetfan Icon : (23 November 2015 - 09:36 PM) Out D is no where near as good as it should be under Bowles. I'm not sure why. I guess it's easy to blame Bowles but the bend and don't break philosophy isn't working
azjetfan Icon : (23 November 2015 - 09:39 PM) They should ban that pick play.
MikeGangGree... Icon : (23 November 2015 - 11:54 PM) As bad as we have played lately we are still a better coached team without Rex. Rex still has no clue how to manage the clock
MikeGangGree... Icon : (24 November 2015 - 12:03 AM) See. Can't manage the clock
vjdbbq Icon : (24 November 2015 - 08:05 AM) Hello Rob
vjdbbq Icon : (24 November 2015 - 08:06 AM) They cut coples to save money in case he got hurt practicing since he hardly played ; a business move .
Jetsfan115 Icon : (24 November 2015 - 12:58 PM) our D was better with shit CBs last year. rex is just better at calling a defense then bowles
Jetsfan115 Icon : (24 November 2015 - 12:58 PM) hopefully milliner comes back. where has mcdougle been? revis hurt and cro hurt
Jetsfan115 Icon : (Yesterday, 02:37 PM) coples picked up by miami. we play him on sunday now lol
Jetsfan0099 Icon : (Yesterday, 05:08 PM) We need a real edge rusher
Jetsfan0099 Icon : (Yesterday, 05:08 PM) We are gonna trade Richardson or Wilkerson after this season, hopefully we can then get a edge rusher to compliment them
Jetsfan0099 Icon : (Yesterday, 05:10 PM) I never wanted the Jets to draft Coples, he was clearly going to be a bust
Jetsfan0099 Icon : (Yesterday, 05:10 PM) hes not athletic enough for OLB either, doesn't have enough fluidity in the hips. He can be a decent player, but he needs to be a interior pass rusher
vjdbbq Icon : (Today, 07:45 AM) Happy Thanksgiving to Rob !!!!!!!!!!!!!!!!!!!
vjdbbq Icon : (Today, 07:45 AM) HAHAHAHAHAHAHAHAHAHAHA
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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


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.


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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