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  • Surprise... Strong Swiss Franc Fails To Sink Economy [View article]
    What this really reflects is that the cost structure of Switzerland is still too high. Labor laws, gov regulatory policies, tax structure, etc., etc. still are not commensurate with what others can afford to pay. Even though Switzerland may be one of the more sane countries in the world, that sanity, especially relative to others, does not mean it is sane enough to have a cost structure that allows others to afford that cost structure. Switzerland would have to improve its cost effectiveness by ridding itself of the necessary gov regulations that raise the costs of what it makes.

    That's the real way to make your goods cheap (price wise) as opposed to currency debasement.
    Jun 10, 2015. 02:26 PM | Likes Like |Link to Comment
  • Swiss Jeez [View article]
    I did find this.
    Jun 10, 2015. 02:11 PM | Likes Like |Link to Comment
  • Swiss Jeez [View article]
    How did that affect the economy? Was it the nightmare that was predicted?
    Jun 10, 2015. 02:08 PM | Likes Like |Link to Comment
  • Swiss Jeez [View article]
    "The Swiss economy will shortly be back in deflation"

    Did this occur?
    Jun 10, 2015. 12:58 PM | Likes Like |Link to Comment
  • Money, Commodities, Balls, And How Much Deflation Is Enough? [View article]
    In fact, you could argue that the negative interest rate policy the ECB deployed is designed to chase the money away. You can see sovereign yields drop off shortly after the negative rate policy.
    Jun 10, 2015. 12:54 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Global Bond Rout Continues [View article]
    "broke above 1% overnight for the first time since September 2014 amid a broader global bond sell-off that's been deepening since late April."

    Like clockwork.

    Note how US QE affected bond yields.
    Jun 10, 2015. 09:45 AM | 1 Like Like |Link to Comment
  • Don't Fight The Fed - Rising Interest Rate Edition [View article]
    Check the data. Whenever the Fed engaged in QE, rates went up, not down. Conversely whenever the Fed ended QE, rates went down not up. When the most recent QE ended, rates went down AGAIN, in fact the 10 yr got into the 1.60s. This was before the ECB QE. Now that ECB QE is gaining some traction, and the Fed is not engaged in QE, rates are ticking up slowly. Now the Fed is talking about raising the DR. That's risk-off, so that could put some brakes on the rising rate trend the ECB is creating right now. If the Fed raises the DR, does not engage in more QE, and eventually the ECB ends its QE, we won't be looking at 4% on the 10 yr, but somewhere in the neighborhood of 1.50 to or 1.60.
    Jun 10, 2015. 09:41 AM | Likes Like |Link to Comment
  • The Fed Will Not Raise Rates... Here's Why [View article]
    "and 2100+ on the S&P and 2.30 to 2.50 on the 10 yr should be the zone."

    2100 has been broken and now zeroing in on 2.50.

    ECB QE is finally getting some traction.
    Jun 10, 2015. 09:30 AM | Likes Like |Link to Comment
  • Grab The Reins On The Dollar, Part 2 [View article]
    The dollar is a note. A stock is a note. Is Seeking Alpha a website dedicated to finding companies that constantly make their stocks weaker or stronger?
    Jun 10, 2015. 09:18 AM | Likes Like |Link to Comment
  • Stability Of The European Union June 2, 2014 To December 31, 2014 [View instapost]
    "is all good but when u take it too far as they have here, any country would go into recession and fail."

    No country can force another country to take on bad economic policies. Greece is the classic looter based economy. Violence and the threat of violence form the basis of their social interactions. As such, productivity is damaged, so they wind up spending more than they produce, thus always putting themselves in a vulnerable position.

    So Greece standing up to the Germans is like the welfare recipient standing up to the provider and saying, "how dare you cut off my welfare".

    Whining won't change reality. The Greeks would need to dump their elite ruling class that lives off backs of their general populace and institute a gov that protects property and productivity. Then capital and labor would flow to Greece, and in a few years, Germany would have to borrow from Greece.

    It won't happen, so Greece's only hope is that whining will be enough to keep the welfare flowing from the rest of Europe till the end of time. It just might work. Heck, Greece has been doing this for thousands of years.
    Jun 9, 2015. 12:22 PM | 1 Like Like |Link to Comment
  • Summary Of My Post-CPI Tweets [View article]
    As an individual what you have to remember is that higher food and energy mean you spend less on other things. As such, if you are spending more on things you are already spending on, and thus spending less and getting less of other things you would like to spend on, the result is your standard of living goes down.

    When the IRS taxes you, you spend less on things you would like to spend on, and the result is your standard of living goes down.

    What this shows is that either way you are being taxed as evidenced by your standard of living going down. That's what matters here, so its important not to get sidetracked by the conventional wisdom speak.
    Jun 9, 2015. 10:59 AM | Likes Like |Link to Comment
  • Why TBT Doesn't Have A Prayer [View article]
    “The sudden swing in the U.S. Treasury market on October 15 has investors and regulators searching for answers about what caused the sudden price swing, and wondering if it will happen again."

    Once you understand how the system works and not the way the propaganda says it works, its not so hard to predict (as Salmo has stated before).

    Hence my comment from June of 2013. 2013 mind you.

    "Also, keep an eye on Europe. France seems to be on the path to becoming the new Greece, and if the cameras get turned back on in Europe, more capital flight to safety will ensue, and we could see the 10yr move back down below 2%. "
    Jun 9, 2015. 09:20 AM | Likes Like |Link to Comment
  • Why TBT Doesn't Have A Prayer [View article]
    "All the boom/busts since the Great-Depression were both predictable and preventable. Heads need to roll. "

    Jun 9, 2015. 08:57 AM | Likes Like |Link to Comment
  • That's Not How Any Of This Works [View article]
    "They fund about 20% of their balance sheet with deposits from other banks."

    "Yes they could fund loans with advances from FHLB but FDIC would frown on that. "

    Or they could replace with rate board CDs, which is just deposits from other banks. FDIC tends to frown on this as well, but they tend to be more lenient with these sources of funds. What these mechanisms really show is that all banks are really just branches of the Federal Reserve.

    Remember the Fed was created to cartelize all the banks. It was part of the cartel mania that existed at the time of the Fed's creation.

    Either way though, regardless of how the funds shift in the system, the larger macro factors of taxes and regulations that make investing too dangerous with regards to the return still present barriers to lending. As such, we have factors in place that indicate low rates for a long time.
    Jun 9, 2015. 08:54 AM | 1 Like Like |Link to Comment
  • Gouging Is Good [View instapost]
    Did you know that Bill de Blasio was born Warren Wilhelm (as in Varren Vilhelm)? Jawohl as in Ya vol mein herr.
    Jun 9, 2015. 08:41 AM | Likes Like |Link to Comment