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Thread: Getting very Late in the Game...

  1. #121

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    It would seem that the Oracle of Omaha believes that when the big bubble pops, the fools will be dethroned & his more conservative investments will be on top of what is left - https://youtu.be/gx-OzwHpM9k

  2. #122

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    A little sewing of panic by ZH, concerning the markets - https://www.zerohedge.com/markets/ja...s-not-buy-etfs

    The headline reads "panic after stocks tumble". When I look up the data, the day's losses were below 1%, which, in these days, does not seem like a very big daily move.

    The big news here is that the central bank of Japan is not yet buying as a response to this dip.

    Are they choosing to prick the bubble? Time will tell.

  3. #123

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    Are we Past the point of no Return..
    Can we SEE The Forest for the Trees..
    How many Licks does it Take to get to the center of a Tootsie pop... ???

    will we ever Know? https://historydaily.org/mr.-owl-and...lagues-mankind
    x3

  4. #124

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    Peter Schiff goes mainstream - https://youtu.be/3c8M5C6ycUs

    He is now peddling his usual perspective on the Tucker Carlson show.

  5. #125

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    Is a "new Bretton Woods" in the works?
    https://goldswitzerland.com/translat...-golden-speak/

    "Given the increasingly politicized interplay (cancer) of central bank policy and so-called free market price discovery, it’s becoming increasingly more important to track the actions of central bankers rather than just traditional market signals alone.

    Like it or not, the Fed is the market."...

    ..."With all the politico charm of a cozy bed-time story for America, Yellen is already telegraphing her next move with a warm and fuzzy nostalgia to the by-gone days of the 1940’s and the world’s then much-needed response to the horrors of World War 2 (no comparison at all to the fear-porn era of the COVID horrors)—namely Bretton Woods."

    "For those who forgot, the Bretton Woods meeting of 1944 is when America’s then gold-backed dollar became the new global currency under Uncle Sam’s military leadership and relative economic strength over the war-ravaged economies of Asia and Europe.

    Well, Yellen is now thinking about a “New Bretton Woods” with her equally delusional, political and hence-self-serving cronies at the IMF.

    She described these IMF get-togethers “as no less significant than the Bretton Woods meetings in 1944.”

    That too is rich…

    Translated into honest English, Yellen et al are trying to compare the death rate and economic destruction of the COVID crisis (made more so by policy reactions than daily viral threats) to the unimaginable economic, political and social horrors of the Second World War in which 85 million people perished and national economies simply vanished in the rubble.

    That’s real horror, as any of us who know the survivors and victims of that period can attest.

    Today, policy makers are trying to compare (or propagandize) the admittedly scary years of the COVID crisis (and its tragic 3.75M death toll) to the far more nightmarish and frankly unimaginable period of 1939-45 suffering and carnage.

    Why?"

    "Well, as Churchill said around the same time, “never let a good crisis go to waste.”

    In essence, the absolutely reckless authors of the biggest debt crisis in the history of the world PRE-COVID are now using this media-fired and politically-charged global flu as both the cause of, and pretext for, even more debt—all to be paid for with even more fake, fiat dollars.

    Only now there’s a twist going forward."
    Last edited by SilverPalm; 06-15-2021 at 08:17 AM.

  6. #126

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    You know we are getting very very late in the game when someone ( M. Saylor) can sell 500 million of bonds yielding 6.5% on a company that already has
    a very large amount of debt and is incredibly volatile ( 1 year high 1315, 1 year low 113, current 616. ) and the intention of the debt is to purchase an incredibly volatile asset ( Bitcoin).
    Every financial metric of the company is crazy bad.

    Add to this the same company and same CEO was fined for fraud in the Dotcom boom ( 2000)

    I am not sure if the bonds have all been taken at the 6.25 or 6.5 yield, but you would have to be certified crazy to buy the bonds. ( believe the take was 500 not 400 as reported below)

    Even if you believed in the CEO/the Company/ Bitcoin why not just buy Bitcoin with unlimited upside and full investment downside, when if you buy the bond ( 7 year maturity)
    you have limited upside and full investment downside. If the main collateral is Bitcoin then if Bitcoin tanks so do your bonds.

    I must be missing something here. I can sure understand why lot of shorts on this company.

    https://ca.finance.yahoo.com/news/mi...131630878.html

  7. #127

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    One of the big basic questions at hand right now is inflation or deflation? Which will we get & when?

    The public story at the moment is to expect strong inflation for the foreseeable future. I am seeing that today in retail prices.

    In the event that the Fed tightens, I would expect crashes in the markets to follow, which I expect would be deflationary. But that is just my guess & who knows what the Fed will actually do?

    Jim Rickards seems to think more along the lines that the deflation is already baked in the cake - https://dailyreckoning.com/rickards-...out-inflation/

    Time will tell.

  8. #128

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    https://wolfstreet.com/2021/06/26/tw...s-intensifies/

    A pin prick for real-estate markets? For the fund markets?

  9. #129

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    Quote Originally Posted by SilverPalm View Post

    Jim Rickards seems to think more along the lines that the deflation is already baked in the cake - https://dailyreckoning.com/rickards-...out-inflation/

    Time will tell.
    Rickards is VERY Intelligent But, NO ONE Knows what we are all going to see for certain..
    We're Not in Kansas anymore ToTo
    Myself I TRY to Think OUTSIDE THE BOX
    Knowing that I Don't Know..
    x3

  10. #130

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    And the beat goes on. $103.9 billion more of treasuries and mortgages bought by Fed this week ( that is a 5.4 trillion annualized rate),
    but everyone says great demand for US treasuries etc.

    The question is why is the Fed continuing to buy at these levels when lots of liquidity in system, inflation too,
    stocks, bonds and RE are at or near record highs and the economy is rebounding strongly for months?

    My pet peeve, what ninny would buy the over 1 year to 5 year treasury, seems to be correct again.
    Treasuries increased 22.6 billion of which 23 billion was the over 1 year to 5 year category ( some of others had small reduction) - rest was mortgages.

    I am a fixed income investor ( primarily) and there is no conceivable scenario where you would buy this range at this price.
    You could make arguments for most of other ranges. Parking for short term, and foreign buying( Europe and japan) with cheap currency hedges for long term.

    All the Central banks are pumping like crazy, this late in the game. Something does not make sense.

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