capitulation day
+247...
...the story so far...
...the clever b*stards that run the financial world...
...have bust the banks...
...in turn...
...the banks have bust the sovereign states...
...the sovereign debts...
...have spooked the bond market...
WELCOME TO THE END OF THE WORLD
...apparently...
...it all started with property speculation...
...caused by bubble money...
...when the bubble burst...
...many, many, many...
...suckers got taken out...
...the politix...
...were busy with their expences claims...
...and their business interests...
...they are either responsible for the current mess...
...or incompetent...
...that is...
...guilty...
...or...
...stupid...
KEEP THEM RATES A RISING
..."Yields on 10-year Treasury bonds have risen relentlessly since March when the Fed first announced its plan to buy $300bn (£188bn) of US government debt directly, a move that briefly forced rates down to nearly 2.5pc, a level thought to be the Fed's implicit target.
Yields have jumped to 3.69pc – after spiking as high as 3.74pc on Wednesday – pushing up the standard 30-year mortgage loan to 5.08pc and lifting the borrowing cost for corporations...."
...Daily Telegraph...
LOSE THE DOLLAR
...here in...
...palookaville...
...we can't gloat...
...as we have our own currency problems...
...we could all go down together...
SLOW BOAT TO NOWHERE
...in China...
...they are hoping for a new world currency...
...and a new world order...
...first though...
...they may have to start buying some of their own stuff...
RALLY ROUND THE RALLY
...sucker, sucker...
...off the wall...
...will still be long...
...when markets fall...
THEY ALSO THINK
...that have no brains at all...
...it's the property stupid...
...the collateral is not what it was...
...every time it falls...
...well it's not...
...pennies from heaven...
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