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patientrenter
ParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
ParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
ParticipantWell, SD R, I don’t consider myself an expert on the bond market. But for what it’s worth I am rooting around tonight (and probably for another few nights) on the construction of a 7-figure personal bet on long treasury yields going up, and on a 10-figure bet for my company.
Warning: I am cautious about govt manipulation of interest rates, so I may make it a combo bet that will pay off if the dollar declines OR Treasury yields rise. Also, I will not enter any bet when rates are off their lows. And my pay-off horizon is 1-3 years.
Participant[quote=esmith][quote]The Federal Reserve is about to create billions of new money (out of thin air) to pay for all the bail out schemes being pushed down our throats.[/quote]
Would you prefer the second Great Depression?[/quote]
esmith, I am getting jaded with the threat of economic armageddon for all of us if people who bought overpriced houses on borrowed money, and their lenders, don’t get bailed out on the backs of people who didn’t. At this point, I am becoming more and more convinced that this is nothing more than a sophisticated scheme to transfer wealth from net savers to net borrowers.
I would be perfectly OK if our GDP dropped by 30% if the 30% of economic activity we lost was concentrated in the things I think we need to move away from anyway – sending smart, energetic people into careers of moving money around in clever ways to create the impression that it is “growing” quicker than it is.
It would be painful, but we are worse off paying people to continue doing things we no longer value than simply letting them find better uses for their energies and time, with some basic sustenance to get them through the tough times. Basic sustenance does not extend to paying people more money for their house than the price they paid for their first house 10-30 years ago, increased for inflation.
Participant[quote=esmith][quote]The Federal Reserve is about to create billions of new money (out of thin air) to pay for all the bail out schemes being pushed down our throats.[/quote]
Would you prefer the second Great Depression?[/quote]
esmith, I am getting jaded with the threat of economic armageddon for all of us if people who bought overpriced houses on borrowed money, and their lenders, don’t get bailed out on the backs of people who didn’t. At this point, I am becoming more and more convinced that this is nothing more than a sophisticated scheme to transfer wealth from net savers to net borrowers.
I would be perfectly OK if our GDP dropped by 30% if the 30% of economic activity we lost was concentrated in the things I think we need to move away from anyway – sending smart, energetic people into careers of moving money around in clever ways to create the impression that it is “growing” quicker than it is.
It would be painful, but we are worse off paying people to continue doing things we no longer value than simply letting them find better uses for their energies and time, with some basic sustenance to get them through the tough times. Basic sustenance does not extend to paying people more money for their house than the price they paid for their first house 10-30 years ago, increased for inflation.
Participant[quote=esmith][quote]The Federal Reserve is about to create billions of new money (out of thin air) to pay for all the bail out schemes being pushed down our throats.[/quote]
Would you prefer the second Great Depression?[/quote]
esmith, I am getting jaded with the threat of economic armageddon for all of us if people who bought overpriced houses on borrowed money, and their lenders, don’t get bailed out on the backs of people who didn’t. At this point, I am becoming more and more convinced that this is nothing more than a sophisticated scheme to transfer wealth from net savers to net borrowers.
I would be perfectly OK if our GDP dropped by 30% if the 30% of economic activity we lost was concentrated in the things I think we need to move away from anyway – sending smart, energetic people into careers of moving money around in clever ways to create the impression that it is “growing” quicker than it is.
It would be painful, but we are worse off paying people to continue doing things we no longer value than simply letting them find better uses for their energies and time, with some basic sustenance to get them through the tough times. Basic sustenance does not extend to paying people more money for their house than the price they paid for their first house 10-30 years ago, increased for inflation.
Participant[quote=esmith][quote]The Federal Reserve is about to create billions of new money (out of thin air) to pay for all the bail out schemes being pushed down our throats.[/quote]
Would you prefer the second Great Depression?[/quote]
esmith, I am getting jaded with the threat of economic armageddon for all of us if people who bought overpriced houses on borrowed money, and their lenders, don’t get bailed out on the backs of people who didn’t. At this point, I am becoming more and more convinced that this is nothing more than a sophisticated scheme to transfer wealth from net savers to net borrowers.
I would be perfectly OK if our GDP dropped by 30% if the 30% of economic activity we lost was concentrated in the things I think we need to move away from anyway – sending smart, energetic people into careers of moving money around in clever ways to create the impression that it is “growing” quicker than it is.
It would be painful, but we are worse off paying people to continue doing things we no longer value than simply letting them find better uses for their energies and time, with some basic sustenance to get them through the tough times. Basic sustenance does not extend to paying people more money for their house than the price they paid for their first house 10-30 years ago, increased for inflation.
Participant[quote=esmith][quote]The Federal Reserve is about to create billions of new money (out of thin air) to pay for all the bail out schemes being pushed down our throats.[/quote]
Would you prefer the second Great Depression?[/quote]
esmith, I am getting jaded with the threat of economic armageddon for all of us if people who bought overpriced houses on borrowed money, and their lenders, don’t get bailed out on the backs of people who didn’t. At this point, I am becoming more and more convinced that this is nothing more than a sophisticated scheme to transfer wealth from net savers to net borrowers.
I would be perfectly OK if our GDP dropped by 30% if the 30% of economic activity we lost was concentrated in the things I think we need to move away from anyway – sending smart, energetic people into careers of moving money around in clever ways to create the impression that it is “growing” quicker than it is.
It would be painful, but we are worse off paying people to continue doing things we no longer value than simply letting them find better uses for their energies and time, with some basic sustenance to get them through the tough times. Basic sustenance does not extend to paying people more money for their house than the price they paid for their first house 10-30 years ago, increased for inflation.
Participant[quote=fat_lazy_union_worker]Does it really matter to piggington’s to what the APR on a CC is? I mean, having debt at 14%+ is just (with all due respect to anyone) usury and insane to carry a balance at that rate.
[/quote]LoL! No, I don’t care. I pay off my only CC every month. I suspect most Piggingtons are just a teensy bit conservative too. What’s the average Pigg CC balance compared to the population’s? 10%?
Participant[quote=fat_lazy_union_worker]Does it really matter to piggington’s to what the APR on a CC is? I mean, having debt at 14%+ is just (with all due respect to anyone) usury and insane to carry a balance at that rate.
[/quote]LoL! No, I don’t care. I pay off my only CC every month. I suspect most Piggingtons are just a teensy bit conservative too. What’s the average Pigg CC balance compared to the population’s? 10%?
Participant[quote=fat_lazy_union_worker]Does it really matter to piggington’s to what the APR on a CC is? I mean, having debt at 14%+ is just (with all due respect to anyone) usury and insane to carry a balance at that rate.
[/quote]LoL! No, I don’t care. I pay off my only CC every month. I suspect most Piggingtons are just a teensy bit conservative too. What’s the average Pigg CC balance compared to the population’s? 10%?
Participant[quote=fat_lazy_union_worker]Does it really matter to piggington’s to what the APR on a CC is? I mean, having debt at 14%+ is just (with all due respect to anyone) usury and insane to carry a balance at that rate.
[/quote]LoL! No, I don’t care. I pay off my only CC every month. I suspect most Piggingtons are just a teensy bit conservative too. What’s the average Pigg CC balance compared to the population’s? 10%?
Participant[quote=fat_lazy_union_worker]Does it really matter to piggington’s to what the APR on a CC is? I mean, having debt at 14%+ is just (with all due respect to anyone) usury and insane to carry a balance at that rate.
[/quote]LoL! No, I don’t care. I pay off my only CC every month. I suspect most Piggingtons are just a teensy bit conservative too. What’s the average Pigg CC balance compared to the population’s? 10%?
Participant[quote=DaCounselor]No, this never was rhetoric – it has been in the works for many months. Uncle Sam is going to buy at least $500 billion of securitized loans (I believe they will ultimately buy more) and as the owner they can do whatever they want to the terms. I will give you one guess what that means.[/quote]
DaC is, sadly, right. (BTW, DaC, you really do know your stuff. What legal line of work do you specialize in that keeps you so well informed?)
Unfortunately, responsible people joining the ranks of irresponsible buyers now is a low-yield proposition. It was a game that paid off hugely when prices were going up. Piggingtons outraged by what is happening should save their powder for maybe 5 years from now, when the market is going back up again from a more attractive low point. Then buy a house every year using none of your own money, and sell the most appreciated house every year, after holding for 1-3 years. That way you have an excellent chance of keeping some good winnings, and risk nothing.
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