Saturday, May 18, 2013

One Depression, Two Depressions…Three…

Tuesday, May 14, 2013

JGB Blow up…Forced unwinds…Tepper “Greatness” - thousands of points down coming on DOW when JGB's hit critical mass for


Isn’t it obvious why Tepper is so bullish real estate…he’s totally confused…you can not make new homes with old JGB hedges and unwinds…

What we have going on is a dis orderly unwind…when large funds are long bonds they hedge short assets against them…when those funds are long JGB’s and they are getting crushed and forced sales they must also unwind positions that clearlyget Tepper all gushy and confused…the fundementals he’s referring to only exist in his imagination.

Monday, May 13, 2013

Borrow Money from FED, Reduce float, Increase Earnings per share = get huge bonus and sell shares…hmmm

But what will they do with all those pesky loans?
ohhh…and JGB’s too…apparnetly, though equities don’t think that QE tapering is important anymore, HYG and JGB’s really really do...

Sunday, May 12, 2013

Some charts and some comments...



Japanese Government Bonds take out abenomics confidence shock lows...

 
© 2009 m3, ltd. All rights reserved.