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OFF SEASON ALMOST OVER AUG 13 VS LIONS
azjetfan Icon : (11 June 2015 - 07:37 PM) rumor has it he wanted a raise over his $5.5 million base this year
Jetsfan115 Icon : (11 June 2015 - 07:39 PM) 33 is young for a guard. he's got at least 3-4 more years in him
azjetfan Icon : (11 June 2015 - 07:40 PM) Mmmmm I disagree.
azjetfan Icon : (11 June 2015 - 07:40 PM) I would go 2 year deal.
azjetfan Icon : (11 June 2015 - 07:41 PM) Maybe longer if we could get out of it after 2
Jetsfan115 Icon : (12 June 2015 - 11:36 AM) backloaded 4 year deal ca cut after 2 years wit minimum cap hit
Jetsfan115 Icon : (12 June 2015 - 02:22 PM) Jets sign free agent OT Charlles Brown
azjetfan Icon : (14 June 2015 - 01:48 PM) We won't be able to backload it. He won't accept the offer. Keep in mind he requested he release because they couldn't come to an agreement on a raise.
azjetfan Icon : (14 June 2015 - 01:49 PM) He is probably looking for $7 million or more per year.
Jetsfan115 Icon : (15 June 2015 - 09:44 AM) he was only making 5.5 million this year. we can give him 10 mil signing bonus onf a 5 year deal and a low base salary (like 3 mil a year) it'll average out to 5 mil a year, but he'll get 13 million this year (more then double) and will cost 5 mil a year against the cap for the rest of the deal
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Any news on Mathis at all? Haven't heard anything since his release.
2JBallar01 Icon : (15 June 2015 - 02:17 PM) Also, Sam Baker was cut today as well
santana Icon : (16 June 2015 - 04:52 PM) Titans releasing RB Shonn Greene
MikeGangGree... Icon : (16 June 2015 - 10:40 PM) TEH WARRIORS
santana Icon : (16 June 2015 - 11:08 PM) This trophy ceremony awkward as fuck I had to turn it off
Mr_Jet Icon : (17 June 2015 - 08:02 PM) It really was. It was more Doris Burke interviewing the Warriors than it was a trophy ceremony. Plus Adam Silver forgot to hand the Warriors owner the trophy after he was done talking to the crowd.
Mr_Jet Icon : (17 June 2015 - 08:03 PM) R.I.P. Stuart Scott
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE SILVER
MikeGangGree... Icon : (17 June 2015 - 10:05 PM) FIRE BURKE
MikeGangGree... Icon : (19 June 2015 - 06:27 PM) THE A-ROD!!
santana Icon : (26 June 2015 - 12:19 PM) god damn week no activity in here
santana Icon : (26 June 2015 - 12:20 PM) might have to chop this table up into fire wood
santana Icon : (26 June 2015 - 12:26 PM) FIRE WOOD!
Mr_Jet Icon : (26 June 2015 - 05:54 PM) Kristaps Porzingis???
Mr_Jet Icon : (26 June 2015 - 05:55 PM) You'd think Isiah Thomas was still running the Knicks last night.
santana Icon : (27 June 2015 - 07:30 PM) Lol yeah no clue about those names
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) Is there any chance that Porzingis ends up being good?
Jetsfan0099 Icon : (28 June 2015 - 10:10 AM) I'm guessing he won't be the next Pau Gasol or Dirk Nowviski
Mr_Jet Icon : (28 June 2015 - 11:41 AM) You never know, he could be as good as Gasol brothers or Dirk. Honestly the Knicks picking at #4 did the same thing the 3 teams picking ahead of them did. Picked a 19 year who could go boom or bust.
Mr_Jet Icon : (28 June 2015 - 11:45 AM) Porzingis seems to have the "I'm going to prove them wrong" type of attitude needed to overcome people's doubts about him. Hopefully he'll have the work ethic that goes along with that attitude.
azjetfan Icon : (28 June 2015 - 10:17 PM) In other news I decided to shave the dome. Since the hair was falling out anyway I figured I would show it who's boss
santana Icon : (29 June 2015 - 01:11 PM) Deisel up shave the dome
Mr_Jet Icon : (29 June 2015 - 04:49 PM) Welcome home.
azjetfan Icon : (29 June 2015 - 08:59 PM) I feel fast.
azjetfan Icon : (01 July 2015 - 07:53 PM) Shot an 86 today. Personal best.
santana Icon : (01 July 2015 - 08:19 PM) well done
santana Icon : (01 July 2015 - 08:19 PM) im going to play friday
blk_orion Icon : (02 July 2015 - 08:57 AM) play what? golf?
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) Sheldon Richardson suspended 4 game for substance abuse.
Jetsfan0099 Icon : (02 July 2015 - 01:16 PM) f***
ganggreen2003 Icon : (02 July 2015 - 06:15 PM) DAMNIT TO f***ing HELL!!!!
azjetfan Icon : (02 July 2015 - 07:46 PM) Yup. Golf. I'm ready to take on Tiger. Mid season form. For what ever reason I am hitting the driver great. 280 and fairly controlled. I'm playing again Saturday.
santana Icon : (02 July 2015 - 07:55 PM) tiger shot a 66 today didnt he easy course though
santana Icon : (02 July 2015 - 07:55 PM) things were going too well for the jets this off season
MikeGangGree... Icon : (02 July 2015 - 10:33 PM) Well I guess Williams will be starting in opening day now
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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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