Officially Here: Negative U.S. Interest Rates

Discussion in 'Business, Investing & Finance' started by FireFoley, Mar 26, 2020.

  1. Detroitgator

    Detroitgator Well-Known Member
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    Yup.... and guess what's coming down the pike that you will neither like, nor believe, cuz it strays into Caribconspiracyville?
     
  2. FireFoley

    FireFoley Senior Member
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    https://archive.org/download/neil-rogers-show-soundboard/Absolutely-Correct-Sir.mp3

    I am turning my attention to the G&G strategy. No not the Gene and Georgetti's Steakhouse in Chicago (that's for you @Windy City Gator ) but the Gold and Guns strategy. Gold for the obvious reason but Guns for the Civil War that is approaching. Just wait until the Government extends the payments to the masses whether it is $1200 or $2000 monthly, to get us "thru the Kung Flu pandemic", and then suddenly takes them away. Have they considered what will happen when they try to stop those government handouts? I think not, hence the Guns.
     
  3. Detroitgator

    Detroitgator Well-Known Member
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    Just my two bits, based on going through this after the last crash and underestimating how long the Fed can prolong things...

    I have my G&G, so sure, buy a LITTLE bit now, but if this is where we are going, in the near term, you'd be a MORON to NOT go almost "all in" on the market, because we will have a melt UP here soon, like parabolic. Then ya cash out.
     
    • Detroitgator

      Detroitgator Well-Known Member
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      One more thing... much like the BS "back and forth" between Trump and the Fed over the rate cuts, I think we are seeing the same charade with NIRP... it's BS "arguing", but it will happen. All part of the charade.
       
    • FireFoley

      FireFoley Senior Member
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      Interesting that this was the last post in this thread and quite apropos. I just read that the Taiwan 10yr Gov. paper hit an all time low of 42 basis points. This coming from the country who is lauded for handling the Kung Flu the best and whose economy is recovering. Well 42 basis points does not sound like recovery to me and Gold and Guns seem to be the play. StagFlation seems to be the outcome of this Centralized recipe, with a lot of "Stag" and a decent dose of "flation".
       
      • Detroitgator

        Detroitgator Well-Known Member
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        On the "guns" front, for ammunition, there will be a massive shortage until at least 2022. With the run on sales in general, combined with international Covid supply chain shutdowns, manufacturers are out or running out of brass casings and small primers, powder they still have.
         
        • FireFoley

          FireFoley Senior Member
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          Perhaps coming to a theatre near you in 3, 2, 1...........................

          UPDATE 2-Germany sells new 30-year bond with negative yield

          LONDON/BERLIN Aug 21 (Reuters) - Germany sold 30-year bonds with a negative yield for the first time at an auction on Wednesday, a milestone for a fixed-income market where the entire curve now yields less than zero.

          The euro zone’s benchmark bond issuer sold 824 million euros of the new long-dated bonds against a target of 2 billion euros, with an average yield of -0.11%. The coupon on the bond was set at 0% earlier this week.
           
        • no1g8r

          no1g8r Bringing Reason to the Masses
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          How does that even make sense? It's saying, "here, hold my money for me, and while you're at it, keep a little for yourself." What am I missing here?
           
        • FireFoley

          FireFoley Senior Member
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          The house always wins, LOL.
           
        • Taco Gratis

          Taco Gratis Well-Known Member

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          :lol:

           
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          • FireFoley

            FireFoley Senior Member
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            I posted the above in mid August, but last week when the U.S. Treasury rates had a "mini" spike ( And I do mean mini), the 10 yr, almost hit .80% (I know, LOL), so I starated looking at the rates in the Euro Zone. Well the German 10yr Bund had been steadyish around NEGATIVE 1/2%. Well the German Bunds have been screaming and the 10yr is now NEGATIVE .62% and the 30yr. is NEGATIVE .22%. So the "idiots" who purchased the 30yr -.11% in August are making money, LOL
             

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