Skip to comments.Bernanke’s Bluff: Global Sovereign Yields Plummet (UK, Italy, Greece), Gold And Silver Rise
Posted on 09/19/2013 12:02:45 PM PDT by whitedog57
Bernankes surprise (NO TAPER) resulted in a large decline in the 10 year Treasury yield yesterday and a small rebound today.
But despite the surprise, the yield curve has declined only slightly compared to its increase after May 1st.
World bond markets are in a sea of green, particularly the UK and Italy. Even beleaguered Greece dropped 21 basis points in 10 year sovereign yield.
Precious metals (gold, silver) soared on The Feds Taper bluff.
To quote The Who, We wont get fooled again!
When the market crash finally happens...look out below. The Fed is simply making the inevitable a lot worse.
If I even said I pretended to understand all that stuff, I’d be lying.
But I am “ready” for the crash...
You’re absolutely correct.
Just finished Dave Stockman’s book.
It’s 740 pages of terror.
God help us all....
I suspect this was done to put off the crash till next year, to coincide with the 2014 election.
BHO2 is going to blame the Republicans, and the Democrats will make a huge push to gain control of the House and larger margin control of the Senate.
This is about establishing communism in America.
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