Did They Lose Control Today?

[SASKFARMER]

Forage for you.

Please explain what the latest duck hunter gun ban will achieve?

Just a simple question I expect a simple answer.

[SASKFARMER]

Forage thinks China is our buddy>

Just like Trudeau must have something on him.

[Austrian Economics]

10 yr bond yields have doubled in a few months, while GDP still in the gutter, still 10M people in US unemployed since before the pandemic, soft commodities surging, energy surging, equities surging, USD up, food up?

Looks to me like they sparked a stagflation surge without an economy behind it.

And new stimulus coming from EU $3T, US $1.9T (+green spending program). Most countries still locked down. UK vaccinated 90% of its population, still wont open up.

Where does this go? Negative rates or new QE program to force down the yield curve.

Love the grain prices but what on earth are we in here?

Exactly. Look at the yield curve. This will tell you what you need to know, and it's the last thing the mainstream financial media will report on.

A doubling of interest costs is the last thing that an economy as heavily indebted as ours needs. And I include pretty much every economy in the world.

This is exactly what sparks a collapse in equities, not the ridiculous notion of "animal spirits".

To avoid it, the central banks need to get yields below zero, but they are trapped by the narrative that the the economy is "recovering" or, as some analysts are claiming, set for a boom. So central banks are likely to be unwilling to be proactive. They will wait until enough borrowers need to refinance at the higher rates and an avalanche is triggered.

[AlbertaFarmer5]

During previous market gyrations, there were those who would claim that traders/investors are driving fed policy by their actions in the market. Punishing or rewarding the feds action or lack of action by selling the market(s) or selling them off. The fed is forced to respond to avoid a complete crash or melt up. Any validity to that, or is it just herd mentality at work. If so, is that what we are seeing right now?

[foragefarmer]

Do a little digging into the Chinese agenda.

By the way it’s “too” since you’re so smart

Touchy, touchy!!

As for wars I was thinking about, the political unrest in the USA, the unrest in Myanmar, the Cyberwar Russia, Iran, and China are waging on the Western world., Currency war with Bitcoin, etc etc. Chinese Commies coming for us economicly was also one I had thought you may be referring to. So you do see why I asked?

SK3

Never been a fan of the Commie's of world so I have no idea where that's coming from. As for the picture of the kid using the shovel, at least I know how to use one Golden Spoon Boy!

[Old Cowzilla]

What is the longest term you can lock in int. for home mortgage now? Seems this would be as good as its gets unless housing crash and buy houses for 1/2 price a few years from now.

[Austrian Economics]

During previous market gyrations, there were those who would claim that traders/investors are driving fed policy by their actions in the market. Punishing or rewarding the feds action or lack of action by selling the market(s) or selling them off. The fed is forced to respond to avoid a complete crash or melt up. Any validity to that, or is it just herd mentality at work. If so, is that what we are seeing right now?

Since fiat currencies are nothing more than a chain of IOUs, a system like this requires the constant infusion of more IOUs in order to create new bonds with which previous debt can be serviced. Stop that process and the whole debt pyramid collapses.

If the central banks even decide to become inactive in this regard, a melt down will ensue. They need to step in and buy bonds in order to keep the rate of interest from drifting upwards and triggering an avalanche of defaults.

Right now, central banks are trying to pretend that they can sit back and wait while the economy "recovers". They do this because they don't want to admit that perpetual open market operations are necessary to prevent a monetary crisis. This would call into question their claims that the economy can someday "normalize".

[jazz]

That is a long way from the 90% you claim.

Corrected, the article I saw said 90% of the high risk age group, not the entire population.

Either way, its not good news, they have said there will be no talk of ending lockdowns until end of April. Thats 10 more weeks.

If thats the template, we have many months before anything opens up again like before. Canada could be another yr.

[macdon02]

https://www.zerohedge.com/markets/here-we-go-again-zoltan-warns-repo-market-verge-major-shock-key-funding-rate-turns-negative

This guy needs to be listened to.

[jazz]

https://www.zerohedge.com/markets/here-we-go-again-zoltan-warns-repo-market-verge-major-shock-key-funding-rate-turns-negative

This guy needs to be listened to.

This was on the wires today as well. I dont know if this is hype by wall street trying to get some new rules put it or what. The entire market is $33T in size so I dont know how one stock could threaten all that.

https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html?&qsearchterm=gamestop