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Bloo Loo

Us Payrolls Disappoint

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US payrolls are just out and its got worse.

up to 9,8% from 9.65%

Doomberg are flummoxed, Gold is rushing up.

Apparently nobody was really expecting a V shaped recovery, so this unexpected result was fully priced in and expected...except the markets are tanking on the news...and just in..China is expected to increase interest rates...

Woe is the market, well, for the next 30 minutes.

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US payrolls are just out and its got worse.

up to 9,8% from 9.65%

Doomberg are flummoxed, Gold is rushing up.

Apparently nobody was really expecting a V shaped recovery, so this unexpected result was fully priced in and expected...except the markets are tanking on the news...and just in..China is expected to increase interest rates...

Woe is the market, well, for the next 30 minutes.

Indeed, not going well for them at all, currently at $1407/oz. Can they punch it back down for a more friendly, less TFH, sub $1400 weekly close, we shall see...

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US payrolls are just out and its got worse.

up to 9,8% from 9.65%

Doomberg are flummoxed, Gold is rushing up.

Apparently nobody was really expecting a V shaped recovery, so this unexpected result was fully priced in and expected...except the markets are tanking on the news...and just in..China is expected to increase interest rates...

Woe is the market, well, for the next 30 minutes.

Someone made a great comment on here the other day about the Stock Markets. 2% down on the bad news then big 5% rally on the relief a couple of days later when whoever says they'll just buy back their own crappy bonds.

Rinse, repeat.

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The markets don't really move on this kind of news any more.

What is driving markets now is the accelerating change in the monetary system, in which it, you know, stops being a monetary system, if you know what I mean....??

Obviously CB bond buying is part of that, but it ain't the only part.

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Woe is the market, well, for the next 30 minutes.

Yet we have people saying that if Ireland defaults it will be in the wilderness for decades. And this will be enforced by a market with the collective long term memory of a goldfish?

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I think this is significant. The US economy is probably slowing down, just as the equity markets are pricing in expanding profits. The even handed Calculated Risk describes it as disappointing, and his thesis is that the Fed won't raise the rate until 12 months after unemployment turns.

It may be the markets are pricing in a new reality for monetary policy, but if unemployment rates persist while the banks keep getting saved Americans will withdraw consent from their governors. Doesn't have to be revolutionary - just a black market in everything, even ideas.

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What is driving markets now is the accelerating change in the monetary system, in which it, you know, stops being a monetary system, if you know what I mean....??

Do YOU know what you mean?!

:blink:

Edited by libspero

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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