Mortgage Rate Jump Routs Treasuries

[Zzzzzzzzzzzzzzzzzzzzzzzzzz]

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Government Bonds Fall as Mortgage Rate Jump Routs Treasuries

By Anchalee Worrachate

May 28 (Bloomberg) -- European and Japanese government bonds fell, after Treasuries had their biggest rout in four months yesterday, on concern central bank efforts to revive the global economy by driving down borrowing costs are failing.

[Zzzzzzzzzzzzzzzzzzzzzzzzzz]

Fed to announce bailout number [lost count!]?????????????????

When exactly does this charade lose all credibility?

“Markets are going to increasingly demand that there be some real green shoots” of an economic recovery, said Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New York. “They are going to have to step in at some point and put some more easing in.”

[grumpy-old-man-returns]

Fed to announce bailout number [lost count!]?????????????????

When exactly does this charade lose all credibility?

“Markets are going to increasingly demand that there be some real green shoots” of an economic recovery, said Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New York. “They are going to have to step in at some point and put some more easing in.”

before it actually started for some of us.

June 2008

"AT THAT POINT THE NEXT DESPERATE MOVES OF WESTERN GOVERNMENTS

AND CENTRAL BANKS ARE EXPECTED TO BE

1) A COLOSSAL BAILOUT SCHEME FOR LARGE SCALE OUTRIGHT PURCHASES

OF MORTGAGE SECURITIES, FUNDED BY STRAIGHTFORWARD CREATION OF

CURRENCY WHICH WILL IGNITE A DEADLY HYPERINFLATIONARY PRICE SPIRAL

IN VIRTUALLY EVERY COMMODITY ON THE PLANET AND SKYROCKETING LONG

TERM BOND YIELDS WHICH WILL FURTHER COMPOUND DERIVATIVE LOSSES

WORLDWIDE."

Edited May 28, 2009 by grumpy-old-man-returns

[Errol]

“Markets are going to increasingly demand that there be some real green shoots” of an economic recovery, said Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New York. “They are going to have to step in at some point and put some more easing in.”

Eh? How would QE represent 'real green shoots'? Surely QE can only produce artificial, genetically modified shoots at best.

[piece of paper]

before it actually started for some of us.

June 2008

"AT THAT POINT THE NEXT DESPERATE MOVES OF WESTERN GOVERNMENTS

AND CENTRAL BANKS ARE EXPECTED TO BE

1) A COLOSSAL BAILOUT SCHEME FOR LARGE SCALE OUTRIGHT PURCHASES

OF MORTGAGE SECURITIES, FUNDED BY STRAIGHTFORWARD CREATION OF

CURRENCY WHICH WILL IGNITE A DEADLY HYPERINFLATIONARY PRICE SPIRAL

IN VIRTUALLY EVERY COMMODITY ON THE PLANET AND SKYROCKETING LONG

TERM BOND YIELDS WHICH WILL FURTHER COMPOUND DERIVATIVE LOSSES

WORLDWIDE."

Upper case and italics! Run for the hills!

p-o-p

[interestrateripoff]

I want monkeys running the asylum not idiots.

[STRLondon]

http://www.marketwatch.com/investing/index/tnx

TNX started down today, but is rising....

[grumpy-old-man-returns]

Upper case and italics! Run for the hills!

p-o-p

actually I put it in Italics as I always do when I use others peoples quotes.

He IS right though. 100% correct, guaranteed.