Posted on 06/10/2016 12:14:17 PM PDT by BenLurkin
Bond guru Bill Gross believes the growing global move toward negative yields will have dire consequences.
In a tweet from his firm, Janus Capital, Gross goes back half a millennium to assert that the current situation with the world's debt market is unprecedented and dangerous:
The warning comes as yields on Japanese government bonds and German bunds hit record lows.
(Excerpt) Read more at cnbc.com ...
Where will money go ?
Albert broccoli is the Bond Guru.....or was.
More likely is a flock of Nags coming and pecking and Henning us to death.
Unlike matter or energy, money is something that can be created, and it can be destroyed.
What this means is that when you have direct deposit for your paycheck they will CHARGE YOU for the service
The article doesn't say. All it says is that Gross predicts a "disaster" ahead. Real helpful, that.
Personally, I'm guessing that the money will eventually all end up in the Clinton Foundation.
Assets like stocks, real estate, etc.
People/banks with cash get the STRONG message there is going to be debt deflation and scramble to preserve cash.
Once it starts, and it appears it has, it's a long way to the bottom. Central banks have but ONE potential course, 5-10% on 10 year bonds is conceivable, but more likely due to moral weakness we'll see rates go further negative...feeding even more deflation.
Oil traders took some profits before the Fed meeting, which is expected to lean toward no action. Fundamentals say that oil will continue up a little for the time being.
Very stable, for now, like flies on a screen before a storm. Drive! Drive and fly while you can!
Oil Is Set To Rally Beyond $50
Jun 10, 2016
http://oilprice.com/Energy/Energy-General/Oil-Is-Set-To-Rally-Beyond-50.html
2016 Crash | Bond Market Collapse | Carl Icahn [Low rates.]
https://www.youtube.com/watch?v=zDI-SrJwtUA
Isn't everyone predicting something 'BAD' in the future.
Alan Greenspan recently predicted an 'imminent collapse' shortly.
"It's Time To Panic" - Albert Edwards Warns Recession Is Imminent
Despite "The Biggest F##king Bailout Ever" This Analyst Says S&P Will Drop 80%
Caught On Tape: Starving Venezuelans Storm A Truck To Steal (live) Chickens
IT'S ALWAYS SOMETHING.
Central banks have one product- money. And they’re crapping all over their own product. It’s like watching KO screw with their classic formula back in the 80s.
Unfortunately, they have a monopoly. For now.
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