Friday, 26 February 2021

Bonds Earthquake. Stocks Tsunami?

 Baltic Dry Index. 1700 -09 Brent Crude 66.09

Spot Gold 1763

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 26/02/21 World 113,550,915

Deaths 2,519,328

“Every victory is only the price of admission to a more difficult problem”

 Henry Kissinger

A bond earthquake shook the markets yesterday, rattling the Fed’s NY team of market manipulators too.

But will it unleash a tsunami of stock selling, as increasingly confused gamblers in the casinos fret more and more that the Great Buy Everything, Central Bankster Free Money Bubble, is now in the process of self destructing? 

If this latest central bankster fuelled bubble is in the process of bursting, Goldie’s new commodity Supercycle starting, posited last week, will turn into the shortest commodity Supercycle in history.

Can Fed Chairman Powell’s NYC team of Plunge Protection market riggers really stop a bond rout the way they can rig the stock market?  We are about to find out later today and more importantly, next week. 

Somehow I get the impression that Henry Kissinger was right.

American Homeowners Are Adding Fuel to Bond Market Sell-Off

By Christopher Maloney and Liz McCormick

Updated on 25 February 2021, 19:14 GMT

MBS investors protecting portfolios exacerbating rate move

·         Higher yields have knock-on effect on stocks, credit and more

Thursday, 25 February 2021

Free Money Galore! The Decline And Fall….

Baltic Dry Index. 1709 -18 Brent Crude 67.39

Spot Gold 1800

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 25/02/21 World 113,100,859 

Deaths 2,508,925

A great civilization is not conquered from without until it has destroyed itself from within.

Ariel Durant

Today, more of the same. In the stock casinos, more front running of all that promised free bailout cash and central bankster Magic Money Tree free cash forever.

In the real world, yet more signs of all the Magic Money Tree cash causing a return of inflation in commodities, even as millions still remain unemployed or under employed. Stagflation ahead for most?

Worse, California seems to have developed its very own mutant variant of Covid-19. As goes CA, goes the old US saying, so goes the USA. As goes America, goes the modern equivalent since 1945, so goes the world.

Below, anticipating more punchbowl in the casinos. Long gone are the days of the Fed taking away the punchbowl just after the party got started. Without the punchbowl now forever being topped up, stocks and bitcoin unicorns will come crashing back to earth in a massive Biden bust.

Asian shares jump after Powell nixes rate hike fears

February 25, 2021