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RetireChrebet Icon : (22 March 2015 - 01:28 PM) Haha I'm jk man, but my point was if you've never seen virginia play you would know they weren't going anywhere. Their offense is just painful to watch.
ROBJETS Icon : (22 March 2015 - 03:46 PM) Lol....point taken. But a couple of things. 1 you do realize Nova and Va are in the same bracket right? 2 at least Va lost to a top 25 ranked opponent. Nova lost to an unranked.
ROBJETS Icon : (22 March 2015 - 03:49 PM) Also VA beat some good teams. Lost to Duke,beat Maryland and split games with NC and Louisville. Their wins against quality and ranked opponents was higher and better than Nova.
ROBJETS Icon : (22 March 2015 - 03:55 PM) NC State didn't even get one vote to be in the top 25
2JBallar01 Icon : (22 March 2015 - 10:53 PM) @RichCimini: Random contract note: Antonio Cromartie's 4 yr/$32M deal with Jets includes only $7M gtd - $5M base + $2M roster bonus at signing. #nyj
Mr_Jet Icon : (23 March 2015 - 11:45 AM) January - February - Izzo - April - May
2JBallar01 Icon : (24 March 2015 - 01:09 PM) @MMehtaNYDN: Jets announce that they have signed DE Stephen Bowen. #nyj
2JBallar01 Icon : (24 March 2015 - 01:09 PM) @DrewfromJersey: Coples days as an OLB are over. He'll be back to DL. Good for the #Jets. Pretty bad news for NFL players and their heads. #Jets
2JBallar01 Icon : (24 March 2015 - 01:10 PM) @DWAZ73: #Jets busy today, signing DE Stephen Bowen & OT Corey Hilliard, and making signing of DE Kevin Vickerson official.
Jetsfan0099 Icon : (24 March 2015 - 03:23 PM) Mike is building some depth and competition
Jetsfan0099 Icon : (24 March 2015 - 03:23 PM) I like it
Jetsfan0099 Icon : (24 March 2015 - 08:10 PM) Jets file tampering charges against Patriots for Kraft's comments
Jetsfan0099 Icon : (24 March 2015 - 08:10 PM) lmao
Jetsfan0099 Icon : (24 March 2015 - 09:53 PM) Jets signing Kellen Davis, TE
Jetsfan0099 Icon : (24 March 2015 - 10:00 PM) Hes a good blocking TE
JSOTF Icon : (25 March 2015 - 06:02 AM) So, the question is.......Do I invest to go see the Jets vs Fish in England this season????????
HarlemHxC814 Icon : (25 March 2015 - 07:10 AM) I'm considering going
HarlemHxC814 Icon : (25 March 2015 - 07:10 AM) My brother is moving to London next year...so I have a reason to be over there
HarlemHxC814 Icon : (25 March 2015 - 07:10 AM) This August I should say
Smedsthejet Icon : (25 March 2015 - 02:59 PM) You both should do it...I'll buy the first (overpriced) beers as well! Got my ticket back in January
HarlemHxC814 Icon : (25 March 2015 - 03:02 PM) Smeds if I come over I'll be sure to check you out
santana Icon : (25 March 2015 - 09:58 PM) FIRE FIREMAN ED
JSOTF Icon : (26 March 2015 - 03:58 AM) Well, I now live accros the pond and maybe some of us could meet up there?
JSOTF Icon : (26 March 2015 - 03:59 AM) Smeds, where did you get your tickets?
ROBJETS Icon : (26 March 2015 - 05:56 AM) Az bitches!!!
ROBJETS Icon : (26 March 2015 - 06:01 AM) I dont know about all that. As bad as we get over sports the Brits get far worse. You might suffer a huge beat down if you say the wrong thing there. Well maybe not being its televised to the U.S.. Security probably be pretty tight.
ROBJETS Icon : (26 March 2015 - 06:03 AM) Well...... the good thing is I know who to mooch off of now if I go to London.
JSOTF Icon : (26 March 2015 - 06:47 AM) hahahaha, it isnt European Football!
ROBJETS Icon : (26 March 2015 - 07:04 AM) Ive seen a lot of videos. Most countries go psycho over their soccer teams. Ive seen some serious very bloody beat downs. Fans stabbing the players and refs,etc. And they say we are bad in the U.S. not even close to that.
ROBJETS Icon : (26 March 2015 - 07:06 AM) I think one was in Africa....a fan stormed the field and was knifing everyone in sight after his team lost
ROBJETS Icon : (26 March 2015 - 07:08 AM) Hell even in mma when the Brits come over they are all cocky as hell. Big time cocky like they are going to easily destroy everyone they face cocky.
JSOTF Icon : (26 March 2015 - 07:36 AM) hahahaha
JSOTF Icon : (26 March 2015 - 07:36 AM) damn Europeans!
JSOTF Icon : (26 March 2015 - 07:37 AM) They havent fucked with a disgruntled, lifelong Jets fan!!!
Smedsthejet Icon : (26 March 2015 - 02:49 PM) Got my tickets from Ticketmaster the day they went on general sale
ROBJETS Icon : (27 March 2015 - 02:33 AM) You guys get Bellator in London? http://www.bellator.com/schedule its on Spike tv free regular cable channel. in the U.S. and the prelims are free on http://www.spike.com/
ROBJETS Icon : (27 March 2015 - 02:37 AM) London is 4 hours ahead of east coast U.S. Bellator prelims are 7pm Friday night U.S. East Coast time and the main card is 9pm So just add 4 hours to that if you can catch either. Im sure you can catch a stream or use a U.S. VPN if you dont have access to Spike.com. You guys might get Bellator on another channel their just like with the UFC.
ROBJETS Icon : (27 March 2015 - 02:47 AM) Anyway only reason I mentioned it was because of your sense of humor. The last Bellator 134 was called the British Invasion. If you watch mma Might want to add this site to your favorites http://www.mmauk.net...y/bellatornews/
ROBJETS Icon : (27 March 2015 - 02:55 AM) There was one of those hour long shows about the upcoming event featuring the fighters the prior week to Bellator 134 and all 4 of the Brits were cocky as hell. Yelling "The British are coming!!!!"
ROBJETS Icon : (27 March 2015 - 02:57 AM) By the way 135 is tonight if you are interested. I used to watch pretty much all the televised mma now I stick with Bellator and UFC only
ROBJETS Icon : (27 March 2015 - 03:07 AM) that last link is a UK mma site. Only reason i added it. http://www.sherdog.com/ is pretty much the best mma site on the net for everything mma
JSOTF Icon : (27 March 2015 - 07:08 AM) I actually live in Germany
azjetfan Icon : (27 March 2015 - 09:08 PM) Just got done sitting in traffic for 3 hours in Louisville KY.
azjetfan Icon : (27 March 2015 - 09:09 PM) Unbelievably poor planning by the DOT.
santana Icon : (Yesterday, 05:48 PM) Favre on my TV selling shaving razors so I bought a years supply
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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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