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Lee lee lee lee lee lee lee Lee la la lee le lee leeeee
SecondHandJets Icon : (11 May 2016 - 02:04 PM) I know Harlem is too
SecondHandJets Icon : (11 May 2016 - 02:04 PM) GO TEAM!
Jetsfan115 Icon : (18 May 2016 - 10:40 AM) from the looks of it, nobody is excited lol
santana Icon : (18 May 2016 - 10:27 PM) I'm excited for geno smith. His jaw will survive the off season.
Jetsfan115 Icon : (19 May 2016 - 06:26 PM) not true, never know who might punch him
MikeGangGree... Icon : (21 May 2016 - 05:38 PM) f*** Geno smith
MikeGangGree... Icon : (21 May 2016 - 05:39 PM) J-E-T-S JETS JETS JETS!!!
mgjetman Icon : (23 May 2016 - 02:01 PM) Geno really needs to go away. Double f**k Geno.
Jetsfan115 Icon : (23 May 2016 - 02:21 PM) Fitzpatrick said he wants to play for the jets and that he won't retire
HarlemHxC814 Icon : (23 May 2016 - 06:50 PM) This street thug Darron Lee hasn't signed yet
MikeGangGree... Icon : (25 May 2016 - 05:32 PM) that damn dirty street thug
Jetsfan115 Icon : (31 May 2016 - 10:28 AM) jets offered fitz 3 years 24 million dollar deal. 12 million for 2016 and 6 million each for 2017 and 2018. fitz is unhappy with the 2017 and 2018 number
MikeGangGree... Icon : (01 June 2016 - 01:45 PM) Street thug
MikeGangGree... Icon : (01 June 2016 - 01:47 PM) I really don't like Devin Smith he cost us 2 games last season with his hands of stone
Jetsfan115 Icon : (01 June 2016 - 04:27 PM) he's a rookie
Jetsfan115 Icon : (01 June 2016 - 04:27 PM) i'm more concerned we really don't have a slot WR. all of our guys are outside guys
Jetsfan115 Icon : (01 June 2016 - 04:27 PM) i wonder if amaro is gonna be a big slit guy and blocker for us
Jetsfan115 Icon : (01 June 2016 - 04:27 PM) slot
MikeGangGree... Icon : (01 June 2016 - 09:22 PM) Sources told NY daily news.Fitzpatrick is about to sign 1 year deal
MikeGangGree... Icon : (01 June 2016 - 10:06 PM) We didn't have a slot WR last year also. I do Amaro steps up I really do like him
MikeGangGree... Icon : (02 June 2016 - 09:46 AM) Ok so the jets won't take the deal. My question is why?? 1 year 12 million when they are already offering him 12 million in his first year
Jetsfan115 Icon : (02 June 2016 - 01:24 PM) 2 reasons, 1st off for salary cap relief this year. we have no cap room this year but plenty next year. a multi year deal and backload the contract and 2, why pay a guy 12 mil for 1 year with no guarentee and go thorugh this again
Jetsfan115 Icon : (02 June 2016 - 01:24 PM) fitz said he'd take a 1 year deal but jets don't want that
Jetsfan115 Icon : (02 June 2016 - 01:25 PM) they should offer him a 3 years for 30 mil. 12 this year (half in the signing bonus for cap relief) 10 mil next year and 8 mil the 3rd year. 1st 2 years guarenteed (22 mil)
RetireChrebet Icon : (03 June 2016 - 03:37 AM) You know your fucked when the biggest offseason story is can we convince a journeyman QB whom singlehandedly threw us out of the playoffs last year to sign a deal worth way more than his actual value!
MikeGangGree... Icon : (03 June 2016 - 09:59 AM) Ok jets brothers I need fantasy football help. Who should I keep in my keepers league. We have to decide by July
MikeGangGree... Icon : (03 June 2016 - 10:00 AM) Should I keep Cam Gurley or Bell?
MikeGangGree... Icon : (03 June 2016 - 10:01 AM) Cam had a monster year last year and in our league it's 6 points per PassTd and cam is getting his best WR back.
MikeGangGree... Icon : (03 June 2016 - 10:01 AM) Gurley was a monster last year as a rookie
MikeGangGree... Icon : (03 June 2016 - 10:03 AM) Bell missed most of the year with a injury but it's also a PPR league. In only 6 games last year he =100 points
MikeGangGree... Icon : (03 June 2016 - 10:04 AM) Cam also had 45 total TDs last year
Jetsfan115 Icon : (03 June 2016 - 10:50 AM) I'd keep bell
Jetsfan115 Icon : (03 June 2016 - 10:50 AM) there are maybe like 5 #1 fantasy RBs at best and you need to start at least 2
Jetsfan115 Icon : (03 June 2016 - 10:50 AM) QBs are easier to find. I had cam in 2 leagues and drafted him way late. RBs are impossible to find late
MikeGangGree... Icon : (04 June 2016 - 07:53 PM) FIRE FITZPATRICK
MikeGangGree... Icon : (04 June 2016 - 07:53 PM) That Damn dirty street thug
MikeGangGree... Icon : (05 June 2016 - 09:43 PM) In other news the NBA finals is like A NFL team Playing a college football team.
Jetsfan115 Icon : (06 June 2016 - 11:23 AM) line is in. jets are favorites for 5 games, pick for 2, and underdog for 9
MikeGangGree... Icon : (08 June 2016 - 04:56 PM) We play better as a underdog
santana Icon : (12 June 2016 - 03:54 PM) JETS JETS JETS
santana Icon : (13 June 2016 - 09:28 AM) Update on the #Jets situation with Ryan Fitzpatrick: Nothing. … Just nothing. Doesn't seem like things will change heading into minicamp.
Jetsfan115 Icon : (13 June 2016 - 10:39 AM) yeah every day i check for an update and every day, nothing
vjdbbq Icon : (14 June 2016 - 05:43 AM) Where's Rob and his ass ?
Mario Icon : (20 June 2016 - 06:21 PM) Any Jets fan in the Kansas city, Missouri area, that will be going to the game on the 25th of September?
vjdbbq Icon : (22 June 2016 - 07:29 AM) No Mario ; you will be there alone .
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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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