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Macro Economist
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I have nearly a 15 year career on the buy-side, with over a decade in New York, having served in various capacities at blue chip firms as Analyst, Portfolio Manager and Asset Allocation Strategist, at one time directly overseeing several billion dollars in hedge fund assets for institutional... More
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  • This Is Not Normal And Its Not Good 2 comments
    Jul 18, 2012 11:58 AM | about stocks: TLT

    Look folks, this is not normal. This is where rich people go when they're shatting in their pants.

    And if you tell me that bonds and stocks will rally concurrently, then you are clearly not rich.

    (click to enlarge)

    Source: Bloomberg

    Disclosure: I am short EEM, IWM, JJC.

    Stocks: TLT
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  • change is the only constant
    , contributor
    Comments (2284) | Send Message


    Does this chart say the swiss 30 year is 1.05%; and 5 years and less are negative??? That cannot be right. Where is this from?
    18 Jul 2012, 05:22 PM Reply Like
  • Macro Economist
    , contributor
    Comments (454) | Send Message
    Author’s reply » It does say this, it is true, it's from my Bloomberg terminal, and it's not good at all.


    Even if it's fear, even if it's irrational, it's happening. There is an exodus out of the banks of "unsafe" countries into safe havens. That in and of itself creates the catalyst for collapse since banks cannot fund themselves without deposits (add to the mix fractional reserve banking).


    Back to my contemplating jumping out the window...
    18 Jul 2012, 05:36 PM Reply Like
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