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Jets Sign Fitzpatrick - 1 Yr 12Mil Guaranteed
vjdbbq Icon : (22 June 2016 - 07:29 AM) No Mario ; you will be there alone .
MikeGangGree... Icon : (25 June 2016 - 07:15 PM) FIRE FITZPATRICK
MikeGangGree... Icon : (30 June 2016 - 12:00 PM) Sheldon Richardson suspended for 1 game for violating league substance abuse policy
ganggreen2003 Icon : (15 July 2016 - 04:06 PM) The JETS shouldn't of signed wilkerson to such a big contract
ganggreen2003 Icon : (15 July 2016 - 04:07 PM) he doesn't deserve $17 mil/year cause he is coming off an injury...he should of earned it by playing this year as the Franchise tag and then if he played lights out then you open the vault
MikeGangGree... Icon : (15 July 2016 - 04:21 PM) WOOOOOOOO
RetireChrebet Icon : (15 July 2016 - 04:58 PM) How much guaranteed money? also does this mean hes here for 6 years since he's tagged? how does that work?
MikeGangGree... Icon : (15 July 2016 - 10:20 PM) Now cut that street thug Wilkerson!!
NJAzrael71 Icon : (16 July 2016 - 03:47 AM) 54 million guaranteed
NJAzrael71 Icon : (16 July 2016 - 03:48 AM) 54 guaranteed against injury but 37 in straight guaranteed money without injury
NJAzrael71 Icon : (16 July 2016 - 03:49 AM) Should've waited till after the season to see how he comes off the injury but I guess they figure he wouldn't have signed if they waited another year
vjdbbq Icon : (17 July 2016 - 07:32 PM) Where is ROB and his ass ?
Jetsfan115 Icon : (18 July 2016 - 10:27 AM) guess that means richardson is gone after this season. Maybe we can franchise and trade him
Jetsman05 Icon : (22 July 2016 - 08:52 AM) whos running fantasy football league this year? brotana?
Jetsfan115 Icon : (22 July 2016 - 10:25 AM) darron lee still isn't signed... greedy street thug lol
MikeGangGree... Icon : (22 July 2016 - 05:31 PM) Rich is under contract for next year and we used a team option for 17 already so he's a jet for 2 more year's for sure unless we trade him.
MikeGangGree... Icon : (23 July 2016 - 02:38 PM) We need to quit screwing around and sign Fitzpatrick
Jetsfan0099 Icon : (24 July 2016 - 11:34 AM) Jets salary cap situation is tough next season, gonna have to make adjustments
Jetsfan0099 Icon : (24 July 2016 - 11:35 AM) the contract for Wilkerson is actually pretty good for both sides, after the first couple seasons nothing is guaranteed and they can cut him.
Jetsfan0099 Icon : (24 July 2016 - 11:36 AM) the jets probably should trade Richardson, hopefully he has a monster season and we have tons of leverage and deal him off for ransom
Jetsfan0099 Icon : (24 July 2016 - 11:36 AM) Because we cannot afford to keep everyone on the DL
Jetsfan115 Icon : (25 July 2016 - 10:20 AM) we have 20 mil in space next offseason and not many people to sign. We should be ok next year. this year was worse. we could tag and trade richardson if need be. I think he will be gone too
vjdbbq Icon : (26 July 2016 - 07:28 AM) WE NEED FITZ WE NEED FITZ WE NEED FITZ
MikeGangGree... Icon : (26 July 2016 - 09:51 AM) Yes we do need Fitz
Jetsfan115 Icon : (26 July 2016 - 10:58 AM) devin hester got cut by ATL today, anyone think we should grab him for special teams?
vjdbbq Icon : (26 July 2016 - 01:56 PM) Grab hester immediately
vjdbbq Icon : (26 July 2016 - 01:56 PM) GM Mike , GET HESTER
vjdbbq Icon : (26 July 2016 - 01:57 PM) Where is everybody ?
santana Icon : (26 July 2016 - 01:59 PM) http://www.thedrawpl...oundhogJets.png
santana Icon : (26 July 2016 - 03:05 PM) Jets don't need Hester. KR is really just not a priority in The nfl anymore
MikeGangGree... Icon : (Yesterday, 06:04 PM) We signed Fitzpatrick!!!
MikeGangGree... Icon : (Yesterday, 06:04 PM) WOOOOO
MikeGangGree... Icon : (Yesterday, 06:04 PM) now let's f***ing go!!!
MikeGangGree... Icon : (Yesterday, 06:11 PM) ,we
MikeGangGree... Icon : (Yesterday, 06:11 PM) 1 year 12 million
santana Icon : (Yesterday, 08:13 PM) so .....
santana Icon : (Yesterday, 08:13 PM) what happens now
santana Icon : (Yesterday, 08:13 PM) lol
MikeGangGree... Icon : (Yesterday, 08:23 PM) Ric flair party!!
MikeGangGree... Icon : (Yesterday, 09:21 PM) A
MikeGangGree... Icon : (Yesterday, 09:21 PM) Lee Signed also!! WOOOOO
vjdbbq Icon : (Today, 06:03 AM) yeah baby
vjdbbq Icon : (Today, 06:04 AM) playoffs here we come
vjdbbq Icon : (Today, 06:04 AM) We need a punt returner ; grab Hester
vjdbbq Icon : (Today, 06:05 AM) Shut up santana
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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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