Ꮲ.Ꮇ. retweeted
On February 15, 2006, Congressman @RonPaul delivered a little-known but prophetic speech on the floor of the House of Representatives called “The End of Dollar Hegemony.”
He identified the signal investors should watch for:
“The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros. The sooner the better.”
We discussed this subject with Ron Paul at an investment conference years ago. He stood by that assessment.
His point was simple.
Watch the oil producers.
The day they start moving away from dollars and toward gold—or a monetary system that gives them access to gold—the foundation beneath the dollar-based financial system starts to crack.
We may now be approaching that point.
Ꮲ.Ꮇ. retweeted
Berkshire purchased an additional $192 million of Lennar on October 1 and 2 up to a price of $82.00 per share. sec.gov/Archives/edgar/data/…
Ꮲ.Ꮇ. retweeted
(European) Bonds are Angry™ ... wait until they see the Sep HICP tomorrow with an outside risk of 4% on the headline!
Ꮲ.Ꮇ. retweeted
Incase anyone is missing the memo
The War is with the US 10 YR now
Everything else is secondary.
Ꮲ.Ꮇ. retweeted
Divergences occur against a trend and can lead to temporary reactions or longer term consolidations. There is no bottoming structure on the 30s, even though they are short term oversold. The first close back above the 5 SMA will continue to setup a short sale.
Ꮲ.Ꮇ. retweeted
If you were to end the Q4, right now...
You'd have bond yields up, oil up, AI trade up.
Feels about right.
Which of those is most likely NOT to occur?
27%AI trade
32%Bond yields
41%Oil
22 votes • Final results Ꮲ.Ꮇ. retweeted
The yields rally is a structural reality even as odds of October rate hike dropped from 70% last night to 34% now, 10 yr hits 5.27%
Ꮲ.Ꮇ. retweeted
For Quarter End :
Hearing estimates for ~$38Bn in equities need to be sold for pension rebalancing.
Also, Goldman Sachs said HFs net sold global stocks for 1st time in 5 weeks through Sept. 24,
while buying US tech more than any other sector for 4th straight week
Ꮲ.Ꮇ. retweeted
Where will the US 10-year Treasury yield peak out before it drops below 5% again?
40%<6%
30%6-7%
11%7-8%
20%>8%
1,498 votes • Final results Ꮲ.Ꮇ. retweeted
BREAKING: The US 30Y Note Yield rises above 5.60% for the first time since June 2002.
That’s another +36 basis points this month alone.
8% mortgages will arrive next week.
Ꮲ.Ꮇ. retweeted
Ed Yardeni: "A more likely explanation for the global bond market rout is that the yen-carry trade is unwinding as the Bank of Japan raises its policy rate, forcing carry traders to sell government bonds they bought worldwide with proceeds from cheap yen loans. This trade allowed many governments run budget deficits without putting upward pressure on their bond yields. Now, the chickens have come home to roost."
Ꮲ.Ꮇ. retweeted
"Experts agree that a financial collapse would bring both inflation and interest rates down - and lower the price of oil"