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@DWAZ73 : One other thing: Idzik now has landed arguably No. 1 QB, RB and WR in free agency this offseason despite deliberate approach. #Jets
santana Icon : (Yesterday, 02:41 PM) The title race is real
Chaos Icon : (Yesterday, 02:42 PM) Jordan...what number was he? it was 30sometihng
Chaos Icon : (Yesterday, 02:43 PM) tanaka had a great game today. gave up 2 hits due to bunts. 10K
Mr_Jet Icon : (Yesterday, 02:48 PM) Jordan was #34 with the Jets.
Jetsfan0099 Icon : (Yesterday, 03:03 PM) Tanaka is looking like a stud
Jetsfan0099 Icon : (Yesterday, 03:04 PM) Jets added Vick, Chris Johnson, and Eric Decker to the offense.
Jetsfan0099 Icon : (Yesterday, 03:04 PM) FIRE IDZIK
Jetsfan0099 Icon : (Yesterday, 03:04 PM) And this draft is loaded at the offensive skill positions
Jetsfan0099 Icon : (Yesterday, 03:04 PM) Hopefully we can get anohter starting WR and starting TE in the draft
Jetsfan0099 Icon : (Yesterday, 03:05 PM) Our offense could be much better than last year
Jetsfan0099 Icon : (Yesterday, 03:05 PM) can't get much worse than what it's been the last 2 years
santana Icon : (Yesterday, 03:22 PM) Very cool
HarlemHxC814 Icon : (Yesterday, 03:24 PM) FIRE IDZIK
Jetsfan115 Icon : (Yesterday, 03:32 PM) still need another WR
Jetsfan115 Icon : (Yesterday, 03:33 PM) so i bet powell barely gets any touches this year and goodson gets cut
azjetfan Icon : (Yesterday, 03:34 PM) Goodson is as good as gone.
azjetfan Icon : (Yesterday, 03:34 PM) With all his legal issues and coming off injury he is done. Possibly even in the NFL
Jetsfan0099 Icon : (Yesterday, 03:39 PM) Powell is average anyways.
Chaos Icon : (Yesterday, 03:39 PM) @ProFootballTalk 5m

Per source, Chris Johnson's two-year deal has a base value of $8 million, with another $1 million available in incentives based on yardage.
Jetsfan0099 Icon : (Yesterday, 03:40 PM) He does a lot of things well, but isn't talented enough. Johnson has breakaway ability still and Ivory is man beast running the football
Jetsfan0099 Icon : (Yesterday, 03:41 PM) We will get another WR in the draft. Even in round 2 you can get a starting WR
azjetfan Icon : (Yesterday, 04:09 PM) I am still standing by my CB in the first round and WR in the second prediction
santana Icon : (Yesterday, 05:19 PM) The title race is bale
azjetfan Icon : (Yesterday, 05:34 PM) Sidney rice coming in for a visit
Jetsfan0099 Icon : (Yesterday, 05:49 PM) I think the Jets are getting themselves ready to draft best player available
Jetsfan0099 Icon : (Yesterday, 05:49 PM) Last year they stuck to their board
HarlemHxC814 Icon : (Yesterday, 06:27 PM) if they sign him I think that means they look to take a CB round 1
2JBallar01 Icon : (Yesterday, 06:32 PM) “@AdamSchefter: RB Chris Johnson's 2-year deal with Jets has a team option in it for year two. Jets have option to pick up year two at $4M in February 2015.”
Jetsfan0099 Icon : (Yesterday, 06:51 PM) @AlbertBreer 2m
Sidney Rice has agreed to terms with the Seahawks on a one-year deal, per source.
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Jetsfan0099 Icon : (Yesterday, 06:55 PM) There is really only 2 CBs worth taking at 18
Jetsfan0099 Icon : (Yesterday, 06:56 PM) I rather get a offensive playmaker
ganggreen2003 Icon : (Yesterday, 06:58 PM) LaMont Jordan was 34
Jetsfan0099 Icon : (Yesterday, 06:59 PM) liar
ganggreen2003 Icon : (Yesterday, 07:05 PM) He wore #34 when he played for the JETS
ganggreen2003 Icon : (Yesterday, 07:05 PM) I should know I met him at an event in his last year with the JETS before he went to Oakland
ganggreen2003 Icon : (Yesterday, 07:05 PM) GFYS 0099 you shit talker
HarlemHxC814 Icon : (Yesterday, 07:06 PM) http://www.nydailyne...entry-1.1758342
HarlemHxC814 Icon : (Yesterday, 07:06 PM) there's no reason we can't have someone off this site on that list too
azjetfan Icon : (Yesterday, 07:08 PM) Rice resigned with Seattle
Jetsfan0099 Icon : (Yesterday, 07:08 PM) did you scare him into going to Oakland?
Chaos Icon : (Yesterday, 08:18 PM) unfortunately those sites are too much bigger than our
MikeGangGree... Icon : (Yesterday, 10:51 PM) WOOOO
santana Icon : (Yesterday, 11:01 PM) I'm sure it's possible but this isn't a blog site as much as its a login and yell about the jets site
santana Icon : (Yesterday, 11:01 PM) WOO
Chaos Icon : (Today, 07:39 AM) yeah...TheGangGreen didn't participate either. they're represented as a forum too on Google
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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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