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We Are Heading Toward A Frightening Fall/Winter Economic Collapse


 10 Year Bond Shakedown Continues: Rate Hits 2.873%

It’s all about rates this largely newsless morning, which have continued their march wider all night, and moments ago rose to 2.873% – a fresh 2 year wide and meaning that neither Gross, nor the bond market, is nowhere near tweeted out. As DB confirms, US treasuries are front and center of mind at the moment…. the 10yr UST yield is up another 4bp at a fresh two year high of 2.87% in Tokyo trading, adding to last week’s 20bp selloff. As it currently stands, 10yr yields are up by more than 120bp from the YTD lows in early May and more than 80bp higher since Bernanke’s now infamous JEC testimony. We should also note that the recent US rates selloff has been accompanied by a rapid steepening in the rate curve. Indeed, the 2s/10s curve is at a 2 year high of 250bp and the 2s/30s and 2s/5s are also at close to their highest level in two years.

http://www.zerohedge.com/news/2013-08-19/10-year-bond-shakedown-continues-rate-hits-2873

http://www.marketwatch.com/story/us-treasurys-slide-10-year-yield-above-286-2013-08-19?dist=beforebell

US 10Y Bond rates: 4% by December: SHTF

http://www.zerohedge.com/news/2013-06-24/meanwhile-10-year

Commodities: Egyptian bloodbath threatens crucial routes for oil and gas supplies

http://www.telegraph.co.uk/finance/commodities/10251219/Commodities-Egyptian-bloodbath-threatens-crucial-routes-for-oil-and-gas-supplies.html

Retail Expert Davidowitz: Wal-Mart’s Woes Stem From Economy in ‘State of Collapse’

http://www.moneynews.com/newswidget/Wal-Mart-Davidowitz-economy-jobs/2013/08/15/id/520624

New Mortgage applications are tanking

http://blog.kimblechartingsolutions.com/2013/08/new-mortgage-applications-are-tanking-due-to-rising-rates/

Repo Market Decline Raises Alarm as Regulation Strains Debt

Repurchases, or repos, are part of the non-bank, or “shadow banking,” sector. Banks use repos to help finance investments in Treasuries, corporate bonds and mortgages-backed securities. Photographer: Scott Eells/Bloomberg

Regulations aimed at reducing the risk of another financial crisis are starting to upend a key part of the bond market that expedites trading in everything from Treasuries to junk bonds.

The U.S. repurchase, or repo, market where banks and investors borrow and lend Treasuries and other fixed-income securities shrunk to $4.6 trillion daily outstanding last month, down 35 percent from a peak of $7.02 trillion in the first quarter of 2008, based on Federal Reserve data compiled from its 21 primary dealers.

http://mobile.bloomberg.com/news/2013-08-19/repo-market-decline-raises-alarm-as-regulation-strains-debt-1-.html

Official Denials Run Rampant in India; “No Question” of Economic Crisis; Rupee Plunges to Record Low; Gold Coin Imports Banned

When news came last week that India tightened capital controls and banned gold imports, I pinged Pater Tenebrarum at Acting Man with a pair of comments.

  1. Looks like India is about ready to blow up
  2. Looks good for gold

Read more at http://globaleconomicanalysis.blogspot.com/2013/08/official-denials-run-rampant-in-india.html#IlMWSeZt8FV1TvFJ.99

This Chart Of Indian Borrowing Costs Will Make Your Eyes Bug Out

Check out the surge in yields since the spring.

 

Read more: http://www.businessinsider.com/india-10-year-yield-chart-2013-8#ixzz2cPoWb2JG

Big Emerging Markets Are Getting Smoked

It is an ugly day for some major emerging markets today.

The worst of the bunch is Indonesia, where the Jakarta market fell 5.6%.

India’s SENSEX has fallen 1.7%, which comes after a major decline on Friday.

Both countries are seeing weakening currencies and deteriorating trade pictures, and are part of a big trend we’ve seen all year of emerging markets weakness.

Thailand also had a bad session, with the SET index losing 2.6%.

The country saw a big GDP whiff.

Read more: http://www.businessinsider.com/morning-markets-august-19-2013-8#ixzz2cPp6bewB

Bad Loans In Spain Surge To A New Record

Read more: http://www.businessinsider.com/bad-loans-in-spain-surge-to-a-new-record-2013-8#ixzz2cPp9Id8K

Traders beware: Six weeks of intense volatility ahead

“We have so much event risk over the next six weeks: tapering, German elections and a decision on the Japanese consumption tax. Markets are going to be incredibly volatile,” Paul Krake, founder of Hong Kong investment firm View From the Peak: Macro Strategies.

http://www.cnbc.com/id/100970946

Breaking: Ron Paul, Jim Rogers Discuss Economic Collapse

“They won’t take our bank accounts, they’ll take our retirement accounts: they’ll take our 401(k)s.”

And Ron Paul said, “they’ll take ‘em by force.” Interesting times indeed.

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  • Shooty McBang

    Funny, I have read that same headline every single year of my life. It obviously never gets old. Or possibly, the attention span of the average “Joe” is severely diminished.

    • JA

      I agree, I thought the same when I read it. It is inevitable at the rate we’re going, but this looming gloom doom is just becoming blatant fear mongering.

    • Common Sense

      You say “every single year of my life” and that’s all the egghead below sees…I was about state much the same as you – In this year, earlier these clowns were saying it was going to happen end of July/August – What I believe we have seen is more evidence that those, PTB, have proven that they just have incredible control of the financial/economical condition and the hammer will ‘not’ fall until they, and only they, let go of it…unless you’re one of them – you don’t know when this is going to happen!

      • Ja

        Nobody knows when it will happen, Mr. Common Sense of an Egghead. Neither do you. I don’t understand what the point of your post is. I think we are all in the know. But, as I mentioned earlier in my “egghead” post, this is being repeated to us to keep us in a state of fear. Perhaps you’re too busy being a dickhead to realize it though.

      • Shooty McBang

        The good thing for me is this.(it will sound arrogant, but , none the less) Let the hammer fall. I have been assuming it would every month for the last twenty years. I don’t think it is going to even remotely disturb the way I live when it does. Except for keeping those that never saw it that way off of my property. But, I am truly sick of hearing about it.

    • texascitizen

      are you old enough to be out this late?

      • Shooty McBang

        No. I just dropped in to see what condition my condition was in. And, you?

    • Shooty McBang

      For all of the purists, every single year that I have known how to read. Is that better now?

  • gdog

    Damn, you started reading young!