Are ETFs Preparing For a ‘Market Meltdown’?

Some really weird things are happening in the financial world right now.  If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year.  When Lehman Brothers finally did collapse, it was a total shock to most of the planet, but we later learned that their problems had been growing for a long time.  I believe that we are in a similar period right now, and the second half of this year promises to be quite chaotic.  Apparently, those that run some of the largest exchange-traded funds in the entire world agree with me, because as you will see below they are quietly preparing for a “liquidity crisis” and a “market meltdown”.  About a month ago, I warned of an emerging “liquidity squeeze“, and now analysts all over the financial industry are talking about it.  Could it be possible that the next great financial crisis is right around the corner?

According to Reuters, the companies that run some of the largest exchange-traded funds in existence are deeply concerned about what a lack of liquidity would mean for them during the next financial crash.  So right now they are quietly “bolstering bank credit lines” so that they will be better positioned for “a market meltdown”…

The biggest providers of exchange-traded funds, which have been funneling billions of investor dollars into some little-traded corners of the bond market, are bolstering bank credit lines for cash to tap in the event of a market meltdown.

Vanguard Group, Guggenheim Investments and First Trust are among U.S. fund companies that have lined up new bank guarantees or expanded ones they already had, recent company filings show.

The measures come as the Federal Reserve and other U.S. regulators express concern about the ability of fund managers to withstand a wave of investor redemptions in the event of another financial crisis. They have pointed particularly to fixed-income ETFs, which tend to track less liquid markets such as high yield corporate bonds or bank loans.

So why are Vanguard Group, Guggenheim Investments and First Trust all making these kinds of preparations right now?

Do they know something that the rest of us do not?

Over recent months, I have been writing about how so many of the exact same patterns that we witnessed just prior to previous financial crashes seem to be repeating once again in 2015.

One of the things that we would expect to see happen just before a major event would be for the “smart money” to rush out of long-term bonds and into short-term bonds and other more liquid assets.  This is something that had not been happening, but during the past couple of weeks there has been a major change.  All of a sudden, long-term yields have been spiking dramatically.  The following comes from Martin Armstrong

The amount of cash rushing around on the short-end is stunning. Yields are collapsing into negative territory and this is the same flight to quality we began to see at the peak in the crisis back in 2009. The big money is selling the 10 year or greater paper and everyone is rushing into the short-term. There is not enough paper around to satisfy the demands. Capital is unwilling to hold long-term even the 10 year maturities of governments including Germany. This is illustrating the crisis that is unfolding and there is a collapse in liquidity.

There is that word “liquidity” once again.  It is funny how that keeps popping up.

Here is a chart that shows what has been happening to the yield on 30 year U.S. Treasuries in 2015.  As you can see, there has been a big move recently…

30 Year Yield

And what this chart doesn’t show is that the yield on 30 year Treasuries shot up to about 3.08% on Wednesday.

Of course it isn’t just yields in the U.S. that are skyrocketing.  This is happening all over the globe, and many analysts are now openly wondering if the 76 trillion dollar global bond bubble is finally imploding.  For instance, just consider what Deutsche Bank strategist Jim Reid recently told the Telegraph

Financial regulations introduced since the crisis have required banks to hold more bonds, as quantitative easing schemes have meant central banks hold many on their own balance sheets, reducing the number available to trade on the open market.

Simultaneously, central banks have attempted to boost so-called “high money liquidity” with quantitative easing schemes and their close to zero interest rates. “What has become increasingly clear over the last couple of years is that the combination of high money liquidity and low trading liquidity creates air pockets,” said Mr Reid.

He continued: “It’s a worry that these events are occurring in relatively upbeat markets. I can’t helping thinking that when the next downturn hits the lack of liquidity in various markets is going to be chaotic. These increasingly regular liquidity issues we’re seeing might be a mild dress rehearsal.”

Those are sobering words.

And without a doubt, we are in the midst of a massive stock market bubble as well.  The chaos that is coming is not just going to affect bonds.  In fact, I believe that the greatest stock market crash in U.S. history is coming.

So when will it happen?

Well, Phoenix Capital Research seems to think that we have reached an extremely important turning point…

This is something of a last hurrah for stocks. We are now officially in May. And historically the period from May to November has been one of the worst periods for stocks from a seasonal perspective.

Moreover, the fundamentals are worsening dramatically for the markets. By the look of things, 2014 represented the first year in which corporate sales FELL since 2009. Sales track actual economic activity much more closely than earnings: either the money comes in or it isn’t. The fact that sales are falling indicates the economy is rolling over and the “recovery” has ended.

Having cut costs to the bone and issued debt to buyback shares, we are likely at peak earnings as well. Thus far 90% of companies in the S&P 500 have reported earnings. Year over year earnings are down 11.9%. 

So sales are falling and earnings are falling… at a time when stocks are so overvalued that even the Fed admits it. This has all the makings of a serious market collapse. And smart investors are preparing now BEFORE it hits.

Personally, I have a really bad feeling about the second half of 2015.  Everything seems to be gearing up for a repeat of 2008 (or even worse).  Let’s hope that does not happen, but let’s not be willingly blind to the great storm on the horizon either.

And once the next great crisis does hit us, governments around the world will have a lot less “ammunition” to fight it than the last time around.  For example, the U.S. national debt has approximately doubled since the beginning of the last recession, and the Federal Reserve has already pushed interest rates down as far as they can.  Similar things could also be said about other governments all over the planet.  This is something that HSBC chief economist Stephen King recently pointed out in a 17 page report entitled “The world economy’s titanic problem”.  The following is a brief excerpt from that report

“Whereas previous recoveries have enabled monetary and fiscal policymakers to replenish their ammunition, this recovery — both in the US and elsewhere — has been distinguished by a persistent munitions shortage. This is a major problem. In all recessions since the 1970s, the US Fed funds rate has fallen by a minimum of 5 percentage points. That kind of traditional stimulus is now completely ruled out.”

For a long time, I have had a practice of ending my articles by urging people to get prepared.  But now time for preparing is rapidly running out.  My new book entitled “Get Prepared Now” was just released, but honestly my co-author and I should have had it out last year.  In the very small amount of time that we have left before the financial markets crash, the amount of “prepping” that people are going to be able to do will be fairly limited.

I am not just pointing to a single event.  Once the financial markets crash this time, I believe that there is not going to be any sort of a “recovery” like we experienced after 2008.  I believe that the long-term economic collapse that we have been experiencing will accelerate very greatly, and it will usher in a horrible period of time for the United States unlike anything that we have ever seen before.

So what do you think?

Could I be wrong?

Please feel free to share your thoughts by posting a comment below…

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About the Author: The Economic Collapse Blog

68 Comments

  1. I WAS A STRONG BELIEVER IN MY EARLY YEARS… NOT BECAUSE OF CHURCH OR PARENTS… IT JUST SEEMED THAT THERE WAS A GOD AND JESUS WAS HIS SON… SO I READ THE BIBLE… PRETTY MUCH ALL OF IT… AND SOME PARTS MANY TIMES. REVELATIONS, OF COURSE, AND GENESIS AND ECCLESIASTES… VANITY, VANITY… ALL IS VANITY… AND THESE MADE A STRONG IMPRESSION ON ME. BUT THEN, I DISCOVERED SCIENCE AND HISTORY AND I GREW UP… AND OVER THE PAST 50 YEARS, MY THINKING HAS EVOLVED. IN RECENT YEARS, SOME OF THE APOCHYPHAL BOOKS HAVE BECOME POPULAR, AND SERIOUS STUDIES… AND MANY TELEVISION SHOWS AND OTHER SUCH INFORMATIVE ITEMS… HAVE HELPED ILLUMINATE THE LIFE AND TIMES OF JESUS. YOU HAVE TO TAKE ALL THAT STUFF WITH A GRAIN OF SALT, OF COURSE…. BUT A FAIRLY CONSISTENT… AND I BELIEVE FAIRLY ACCURATE… PICTURE OF JESUS AND SOME OF HIS FOLLOWERS… AND OF HIS TEACHINGS… AND MANY OF THE BELIEFS OF HIS FOLLOWERS… HAVE EMERGED. TAKEN ALTOGETHER, AND INTERPRETED IN THE CONTEXT OF KNOWN HISTORY, AND IN THE CONTEXT OF A RATIONAL VIEW OF HOW THE WORLD… AND THE POEPLE IN IT… REALLY WORKS AND BEHAVES…. I HAVE LONG SINCE COME TO THE CONCLUSION THAT JESUS WAS JUST ONE OF MANY THOUSANDS OF PREACHERS AND TEACHERS THAT HAVE ARISEN OUT OF JUDAISM, AND MANY OTHER RELIGIONS, OVER THE AGES. SOME OF THESE TEACHERS WERE MORE CHARISMATIC THAN OTHERS, AND SOME ATRACTED MORE DEDICATED AND EFFECTIVE FOLLOWERS THAN OTHERS, AND THESE GAVE RISE TO THE MODERN RELIGIONS OF OUR DAY… OUT OF MORE THAN 3,000 KNOWN RELIGIONS AND RELIGIOUS SECTS, A FEW DOZEN, MOSTLY ALIGNED WITH THE MAJOR RELGIONS, HAVE HAD THE MOST IMPACT… AND HAVE THE MOST FOLLOWERS. NONE OF THAT MAKES THOSE RELIGIONS TRUE… ITS JUST THAT SOME IDEAS AND SOME CONCEPTS AND SOME PRACTICES ARE EASIER TO UNDERSTAND AND FOLLOW THAN OTHERS. PEOPLE WHO BELIEVE IN THIS SORT OF STUFF TEND NOT TO BE THE BRIGHTEST LIGHTS ON THE CHRISTMAS TREE, AND TEND TO BELIEVE JUST ABOUT ANYTHING THEY HAVE BEEN TAUGHT. JUST LOOK AT THE FANATICISM OF MUSLIM EXTREMISTS WHO ARE WILLING TO BLOW THEMSELVES UP TO ADVANCE THE TEACHINGS… MORE LIKELY THE BRFAIN WASHINGS… OF THEIR RELIGBIOUS MASTERS! THE WORD IS FULL OF THOSE KINDS OF PEOPLE… AND THE WORLD WAS ESPECIALLY FULL O SUCH PEOPLE UP UNTIL A HNDRED OR TWO HUNDRED YEARS AGO, WHEN SCIENCE AND OTHER RATIONAL THINKING… AND BEHAVIORS… BEGAN TO DOMINATE EVER LARGER PARTS OF THE WORLD. HAVING SAID ALL THIS, I STILL BELIEVE THAT CHRIST TAUGHT A VERY POWERFUL MESSAGE THAT CAN AND WILL LONG… HOPEFULLY… RESONATE AND BE THE BASIS FOR THE MOST POWERFUL HUMAN CIVILIZATIONS FAR INTO THE FUTURE. THE IDEA THAT YOU SHOULD BUILD YOUR LIVES AND CIVILIZATIONS AROUND LOVE AN RESPECT AND HUMANITY AND COMPASSION IS FAR FAR FAR BETTER THAN THE ALTERNATIVE. THE IDEA THAT YOU SHOULD LOOK AT THE WORLD… AND DEAL WITH THE WORLD, IN A LOVING, COMPASSIONATE, GENEROUS, PEACE LOVING, LIBERAL WAY… RATHER THAN IN A HATE FILLED, SELFISH, SELF CENTERED, ARROGANT CONSERVATIVE WAY, REALLY DOES GUID MY THINKING! THAT IS WHY I AM A LIBERAL DEMOCRAT… I LEARNED TO BE A LIBERAL DEMOCRAT BY UNDERSTANDING THE TEACHING OF JESUS, AND BY TRYING TO APPLY THOSE TEACHINGS TO THE ECONOMIC, SOCIAL, AND POLITICAL THINKING AND ACTIVITIES OF OUR DAY AND AGE!!! TO BE CONSERVATIVE IS TO SERVE MAMMON… AND THUS TO SERVE SATAN, AT LEAST METAPHORICALLY IF NOT IN ACTUALITY!!! BY THE WAY, I CALL THIS PHILOSOPHY… ULTIMATE RELIGION… AND PERHAPS IF I EVER GET AROUND TO IT, I WILL FINISH WRITING A BOOK ABOUT IT! IN THE MEANTIME, I WILL SIMPLY CONTINUE TO ATTACK RIGHT WINGERS AND OTHER CONSERVATIVES, BECAUSE, TO ME, THAT IS NOT JUST A POLITICAL BATTLE… IT IS ALSO A MORAL AND RELIGOUS ONE!!! REPUBLICANS REALLY AND TRULY DO NOT UNDERSTAND JUST HOW ANTI AMERICAN… AND ANTI CHRISTIAN… THEY REALLY ARE! BUT I DO UNDERSTAND, BECAUSE I AM A VERY SERIOUS THINKER ON THESE AND RELATED MATTERS!!!

  2. Thanks for replying, John. Do you believe Christ was right in what he taught? I mean, would you say he is someone to be followed? It sounds like you do, but I don’t want to put words in your mouth.

  3. NO. BUT…. MOST OF THE PEOPLE WHO DISAGREE WITH ME WOULD BE REPUBLICANS… BECAUSE I UNDERSTAND JUST HOW DANGEROUS REPUBLICAN POLICIES HAVE BEEN OVER THE LAST 40 YEARS OR SO… AND I SAY SO. AND REPUBLICANS DO NOT LIKE TO BE REMINDED JUST HOW HARMFUL THEIR GREED AND SELFISHNESS AND SHORT SIGHTEDNESS AND BLATANT IRRESPONSIBILITY HAS BEEN TO THIS NATION! MANY RIGHT WING CHRISTIANS WILL DISAGREE WITH ME, BECAUSE I BELIEVE IN AND TEACH AT LEAST SOME OF WHAT CHRIST TAUGHT… NOT WHAT SELF RIGHTEOUS AND THEREFORE PHONY REPUBLICAN CHRISTIANS BELIEVE AND TEACH. ALL OF WHICH IS RATHER IRONIC, BECAUSE… TECHNICALLY AT LEAST… I AM NOT EVEN A CHRISTIAN… I DO NOT BELIEVE IN THE DIVINITY OF CHRIST… AND I THINK IT HIGHLY UNLIKELY THAT THERE IS EVEN A GOD! BUT… MANY OF THE TEACHINGS OF CHRIST ARE VERY POWERFUL AND USEFUL AND NECESSARY IN OUR DAY AND AGE… AND WILL BE EVEN MORE SO IN THE LONG RUN OF THE FUTURE! AND IT IS THOSE TEACHINGS AND BELIEFS THAT I HOLD VERY STRONGLY…. AND REPUBLICANS JUST HAPPEN TO HATE THOSE QUASI CHRISTIAN IDEAS AND OPINIONS, AND POLICIES BASED UPON THEM! FOR A GOOD EXAMPLE… IF YOU RELLY PAY ATTENTION TO WHAT CHRIST TRIED TO TEACH, IT IS CRYSTAL CLEAR THAT HE DESPISED CONSERVATIVE THINKING AND ATTITUDES AND BEHAVIOR… AND ATTACKED THEM AT EVERY OPPORTUNITY! NO WONDER REPUBLICANS REFUSE TO FOLLOW THE REAL TEACHINGS OF JESUS!!!

  4. John, do you think everyone who disagrees with you a Republican? Do you think everyone who disagrees with you is a Christian?

  5. no , he drivels and drives other paid idiots to the pols to vote , my bet is philly since they did not get even 1 vote for the pub party in like half the precincts [statistically impossible , but true]

  6. You have spent numerous posts ranting that all stocks are overvalued. In a couple of lines, you completely obliterated your argument by telling us of a couple of them that you are buying. Again, valuation is not determined by academics or by you yapping in capital letters, but by the willingness of buyers and sellers to trade with each other. Your purchases say one of two things: either you are making bad deals or not all stocks are overvalued. Thanks for reaffirming my point.

  7. I concur with the article except for the part about the US not recovering. The US will always recover because it is the most dynamic society in the world.

  8. WELL… I HAVE A RATHER GRIM AND DEPRESSING VIEW OF THE WORLD… I GUESS BECAUSE I AM NOT A SELF CENTERED REPUBLICAN, SO I AM VERY WELL AWARE OF JUST WHAT A NIGHTMARE LIFE IS FOR HUGE NUIMBERS OF PEOPLE ON THIS PLANET. SO… I AM NOT SURE IF I CONSIDER IT A GOOD THING IF MY OPINIONS ARE SEEN AS HUMOROUS! GALLOWS HUMOR, PERHAPS… THE MORTICIAN CRACKING JOKES WHILE DOING AUTOPSIES ON HORRIFIC MURDER VICTIMS SORT OF THING. BUT… UNFORTUNATELY, REPUBLICANS ARE LIKELY TO FIND MY VIEWS HUMOROUS ONLY BECAUSE THEY ARE IN TOTAL DENIAL ABOUT JUST HOW BAD THEIR ECONOMIC AND OTHER POLICIES HAVE BEEN… AND ARE INCLINED TO MAKE FUN OF THOSE WHO POINT THAT OUT TO THEM!!! I WOULD NOT FIND MAKING SUCH SELF CENTERED AND ARROGANT JERKS LAUGH TO BE A GOOD THING!!!

  9. ARE YOU DRUNK, ILLITERATE, OR JUST TOTALLY STUPID??? I HAVE SAID… AND MANY OTHERS HAVE SAID… THAT ALL ASSET CLASSES ARE OVER VALUED!!! STOCKS ARE AN ASSET CLASS! WHAT PART OF THAT DO YOU NOT UNDERSTAND???

  10. Every
    TradingReport I have read, confirms my belief, that we are chartering
    in unknown waters and it doesn’t matter whether you are sailing on the
    USS Republican or the USS Democratic, the Captains are all following USS
    Destroyer The Federal Reserve and it’s quite depressing.

    I must admit the only reason why I haven’t unsubscribed myself from The
    TradingReport after many months, if not years of reading all about the doom
    and gloom ahead, is because of the
    colorful opinions put forward by JohnDille.

    In
    fact, if it wasn’t for JohnDille, we would have nothing to write about,
    his somewhat Pablo Picasso view of economics and politics puts a smile
    on my face and occasionally a good belly laugh is achieved.

    Don’t
    waste your talent on commenting on different Forums, create your own
    reporting page……….may I suggest a name. The JohnDillocrats
    Report.

    I
    for one, will subscribe to your report, because in times of trouble and
    despair, the people will seek out humor and laughter and you my friend
    will shine.

  11. John dillie the forgetful ! A repeating algorythmic miss-compiled human failure . You repeat what others call you , then forget what they informed you ! You rename them what they name you . do unto other s as your mother church spoutes . Or did you forget , you spouted at me and started this exchange. You spout and act like a mooron ! there-for you are.

  12. Uh, you cannot have it both ways. If you are buying assets, either they are are not overvalued in your opinion or you are making bad decisions.

  13. STOCKS ARE AN ASSET CLASS! ALL ASSET CLASSES ARE OVER VALUED… IN SOME CASES, DRAMATICALLY! AND… AS THAT PROFESSIONAL ECONOMIST THAT YOU JUST DISMISSED CLEARLY SAID… ALL ASSET CLASSES ARE OVER VALUED BECAUSE MILLIONS OF RICH PEOPLE AND THOUSANDS OF LARGE FINANCIAL INSTUTIONS ARE BUYING STOCKS… AND BONDS… AND COLLECTABLES,,, AND REAL ESTATE… AND DERIVATIVES… AND VARIOUS OTHER ASSET CLASSES… BECAUSE THEY HAVE WAY TOO MANY DOLLARS AND NOWHERE NEAR ENOUGH SENSE! SO… YOU CAN JUMP RIGHT INTO THOSE MARKETS… IF YOU ARE DUMB ENOUGH TO DO SO! YOU WILL HAVE LOTS OF COMPANY WHEN THE BOTTOM FALLS OUT! AS FOR ME, I AM MOSTLY IN CASH, EXCEPT FOR A GOOD SOLID INVESTMENT IN A SILVER STREAMING COMPANY, AND SHORT TERM BETS ON HIGH PROBABILITY MOVES. IF OIL PRICES GET BACK BELOW 45 DOLLARS A BARREL, I WILL MOST LIKELY JUMP INTO THE OIL BUSINESS IN A BIG WAY! BUT EVEN THEN, I WILL BE LOOKING AT THE BIGGER PICTURE…. IF THE BOTTOM IS FALLING OUT OF THE ECONOMY, EVEN LOW PRICED OIL WOULD NOT MAKE ME WANT TO GET INTO THE MARKET, EXCEPT IN EXCEPTIONAL CASES!

  14. Okay, so now you are going to play a little revisionist history. In several posts just up the page, you rant about overpriced stocks. Now you are talking asset classes, which most of us know are entirely different entities. Oh, and stocks and asset classes are not valued based on an article from some academic on which you used your cut and paste skills. Value is based on the willingness, or lack thereof, of buyers and sellers of those stocks and assets to create a transaction.

  15. WHY DO YOU KEEP HARASSING PEOPLE WITH YOUR IRRATIONAL RANTS AND INCOHERENT RAMBLINGS?? ARE YOU MENTALLY ILL… OR JUST ANOTHER TOTALLY BRAIN WASHED RIGHT WING REPUBLICAN PUPPET???

  16. JD , you spout &froth at the mouth , you do not discus but rant and rave and scream nonsense . You harase those who do not want to hear your vile . you do not answere questions ! Go back to your mother donkey party and tell them u failed . maybe they will kick yopunout of ur misery !

  17. Anyone with basic knowledge of stock markets knows that not all stocks can be overvalued or undervalued at any point in time. WHY NOT??? AS ITRIED TO EXPLAIN… SEVERAL TIMES.. ABOVE… AND AS THE ARTICLE I REFERENCED EXPLAINED QUITE WELL… ALL ASSET CLASSES ARE VERY SIGNIFICANTLY OVER VALUED, BECAUSE THE COST OF MONEY… INTEREST… HAS BEEN KEPT LOW FOR MOST OF THE LAST 15 YEARS… AND ESPECIALLY THE LAST 6 YEARS… TO GIVE HE RICH AN OPPORTUNITY TO REBUILD THE US ECONOMIC SYSTEM IN A SENSIBLE RATIONAL WAY! BUT INSTEAD, THER RICH… OVERWHELMINGLY REPUBLICAN… HAVE USED THE CHEAP MONEY TO INFLATE JUST ABOUT EVERY POSSIBLE ASSET TO SIGNOFICANTLY TO EXTREMELY HIGH LEVELS. AGAIN.. AS I SAID ABOVE… MOST ASSETS ARE ABOUT AS OVER PRCED AS BONDS ARE… ROUGHLY 25 TO 40% OVER PRICED!!! WHEN THESE BUBBLES BURST, PRETY MUCH ALL ASSETS WILL GET HAMMERED… AND THE ONLY QUESTION IS… WHEN WILL THIS HAPPEN… AND HOW RAPIDLY WILL THESE BUBBLES BURST! FROM WHAT I AM SEEING, I WOULD GUESS THAT THE IDIOTS WITH MONEY WILL JUST KEEP ON BLOWING THE BUBBLES EVER LARGER… UNTIL THEY ALL POP CATASTROPHICALLY. HOWEVER… THE STOCK MARKLET HAS BEEN TRENDING SIDEWAYS FOR THE LAST SEERAL MONTHS, AND BOND YIELDS ARE TRENDING HIGHER… IN AN IRREGULAR FASHION… AND IF THAT CONTINUES FOR A YEAR OR TWO, THEN AND ONLY THEN WILL WE HAVE AVOIDED CATASTROPHE! BUT RICH PEOPLE, ESPECIALLY REPUBLICANS, ARE SUCH GREEDY PIGS, SO IT IS UNLIKELY THAT THINGS WILL WORK OUT WITHOUT SIGNIFICANT PAIN…. YET AGAIN!!!

  18. I am a pretty good reader. Even got A’s. But I am looking for a more specific answer. Anyone with basic knowledge of stock markets knows that not all stocks can be overvalued or undervalued at any point in time. Since you said stocks are overpriced, I assumed that you would be able to support your point by telling us which ones in fact are overpriced. Yet you continue to avoid answering this simple question.

  19. I would know that it is not you !
    You spout anti godly words , thoughts and lie !

  20. GOOD GOD MAN… ABSOLUTELY NO POINT IN TRYING TO DISCUSS ANYTHING WITH YOU UNTIL YOU LEARN TO READ!!!

  21. NO NEED TO CALL THEM SOMETHING MILD… LIKE TROLLS… JUST CALL THEM G13MAN!!! NOW… THAT IS DOWNRIGHT HOSTILE AND INSULTING!!!

  22. GOOLD GOD YOU RIGHT WINGERS ARE SO FREAING ANNOYING!!! YOUR STUPIDITY AND ARROGANCE ARE FRANKLY DISGUSTING! I AM ASHAMED TO EVEN THINK THAT YOU LIVE IN THE UNITED STATES… PEOPLE WHO THINK LIKE YOU RIGHT WING IDIOTS WOULD BE RIGHT AT HOME IN IRAQ OR SYRIA OR ALMOST ANYWHERE IN THE MIDDLE EAST, WITH THE TALIBAN OR ISIS!!! YOU IDIOTS WOULD NOT KNOW REAL CHRISTIANITY IF IT WALKED UP AND INTRODUCED ITSELF… FACE TO FACE!!!

  23. Well, up the page, you wrote that stocks are overpriced, and all I did was ask you to narrow it down, since, at any point in time, some stocks are overpriced and some are undervalued. So your filibustering tells me that this was just another of your overvalued blanket statements that should be taken with a barrel of salt. Since you cannot support your statement with a more pointed answer, this would seem to explain you losing 10-70% on your investments.

  24. liberals do not answer real world questions . They hem and howl over their own short comings in the guise of others !

  25. YOU STILL AVEN’T LEARNED TO READ… I TOLD YOU IN MY LAST TWO RESPONSES! AND IF THAT IS NOT ENOUGH, HERE IS A PIECE I JUST HAPPENED TO READ MAYBE HALF AN HOUR AGO…

    Jesse Felder’s Tumblr
    WELL… I GUESS I WON’T PASTE THE STORY HERE… THE STUPID SYSTEM THEY USE HERE WILL NOT LET ME PASTE MUCH OF ANYTHING HERE… SO YOU WILL JUST HAVE TO LOOK IT UP FOR YOURSELF… IF YOU CAN READ WELL ENOUGH TO GOOGLE IT OR WHATEVER. LOOK FOR JESSE FELDER TUMBLER COMMENTARY….. WELCOME TO THE EVERYTHING BUBBLE. IT SUMS UP MY THINKING ON WHAT ASSETS ARE OVER VALUED VERY WELL…. HE JUST EXPLAINS WHY BETTER THAN I WOULD BE ABLE TO!

  26. the ones he sold before they became worth anything . Un-like his opinion , which he guesses is worth more [but never was worth a , well nothing !!]

  27. If i patented the troll vote button to add to the up or down vote [ although disqus does not use that down vote button ] , i would be rich on johndillie [the ignorant troll]

    alone .

  28. I am not a repub , but johndillie is to dumb/stupid/ignorant to remember. disqus needs to open up the down vote botton . How else to mark the trolls . [ or ignorant ]

  29. Jonh dillie thinks he can take on the mantle of GOD and probably follows the heretic church in its misinterpretations ! He continues to miss-represent what all here say , and then liberally and wrongly inserts his misunderstanding s in there place. He refuses to acknowledge that a coin has three sides and wants every thing to fit in his 2- dimensional world so that he MIGHT understand it [ he will not since it is a 3 dimensional reality we live in .]
    He probably does not even understand his miss cause he follows the pulpit instead of the WORD . The word include s REV 12:17 & 14:12 .

  30. You wrote that stocks are overpriced. I asked you to tell us which ones are overpriced. You still haven’t answered.

  31. Ok, so how would you have honestly responded to someone calling you an idiot and too stupid to think for yourself when you voted Republican?

  32. THANK YOU FOR ADMITTING THAT YOU CANNOT EVEN READ… OR THAT YOU HEAR ONLY WHAT YOU WANT TO HEAR!!! PERHAPS MY LONG WINDED STATEMENT SHOULD HAVE INCLUDED THE OBVIOUS ASSESSMENT… THAT ANYONE WITH ANY KNOWLEDGE OF ECONOMICS WOULD HAVE IMMEDIATELY UNDERSTOOD WITHOUT MY HAVING TO SAY ANYTHING… THAT… GENERALLY… STOCKS ARE PROBABY ABOUT 25 TO 40% OVER PRICED… ROUGHLY THE SAME OVER VALUATION AS LONG TERM BONDS… AND REAL ESTATE, WHICH BEHAVES LIKE BONDS DO… UP TO A POINT! YOU RIGHT WINGERS HAVE BEEN GETTING ALL ECITED.. FOR THE LAST SEVERAL YEARS… ABOUT THE POTENTIALLY ROUGH IMPACT OF BOND PRICES FALLING BACK TO NORMAL, AS BOND YIELDS RISE BACK TO NORMAL. SO… YOU ARE TELLING ME THAT YOU AGREE WITH THE RIGHT WINGERS WITHOUT EVEN UNDERSTANDING THAT THEY ACTUALLY DO HAVE A POINT??? WHN BOND YIELDS RISE ACK TOWARDS NORMAL LEVELS… AND TEY ULTIMATELY WILL… THE STOCK AND BOND AND REAL ESTATE AND OTHER SUCH MARKETS ARE GOING TO TAKE A SIZABLE HIT. THAT IS NOT A MATTER OF IF… IT IS SIMPLY A MATTER OF WHEN… AND HOW FAST THE WHOLE PROCESS UNFOLDS! IF YOU ARE NOT TOTALLY AWARE OF EVERYTHING I HAVE JUST TLD YOU, THEN YOU RELLY AND TRULY SHOULD GET THE HECK OUT OF ANY AND ALL FINANCIAL MARKETS, BECAUSE YOUR IGNORANCE WILL BECOME VERY EXPENSIVE FOR YOU!!!

  33. Apparently this is your long-winded version of admitting that your blanket statement about stocks being overpriced was wrong. Thanks for admitting that.

  34. THE GENERAL MODEL FOR PRICING STOCKS INVOLVES VARIOUS FACTORS, CHIEF AMONG THEM THE EARNINGS AND EARNINGS POTENTIAL OF THE STOCKS IN QUESTION,,, AND THE NET PRESENT VALUE OF THOSE EARNINGS, DISCOUNTED USING MEDIUM AND LONG TERM INTEREST RATES. THE CURRENT LOW INTEREST RATE ENVIRONMENT MEANS THAT ANY CALCULATIONS OF A STOCKS INHERENT VALUE WILL LEAD TO OVERLY GENEROUS VALUATIONS… SO THAT WHEN INTEREST RATES FINALLY BEIN TO RISE… AND THEY WILL BECAUSE THEY ARE SO FAR BELOW NORMAL… STOCKS WILL BECOME OVER VALUED. WHICH ONES??? PUT THE WALL STREET JOURNAL’S OR BARRONS LISTING OF STOCKS ON A WALL… AND THROW DARTS! THOSE WILL BE THE STOCKS THAT ARE OVERVALUED!!!

  35. So democrats and republicans do carry out the same strategies, making them pretty much members of the same party. It must feel good to finally see the light, after months or years of denying it.

  36. Uh, hard facts as you create and spin them are different than real factual information. Oh, and science has a splendid history of being right until it is wrong.

  37. FOR ALL PRACTICAL PURPOSES, YES IT IS!!! IF REPUBLICANS HAD NOT INSISTED ON INVADING AFGHANISTAN AND ESPECIALLY IRAQ, THE MIDDLE EAST WOULD NOT BE THE EXTREMELY UNSTABLE PLACE THAT IT IS TODAY. AS EVIL AS SADDAM HUSSEIN WAS, HE REALLY DID MAINTAIN SOME SERIOUS LAW AND ORDER IN THAT PART OF THE WORLD. HE CHECKMATED THE IRANIANS AND THEIR VARIOUS ALLIES, AND HIS THUGS ROOTED OUT ALL KINDS OF EXTREMISTS AND ELIMINATED THEM. WHICH IS PART OF THE REASON WHY WE AMERICANS HELPED PUT HIM INTO POWER, AND HELPED HIM GAIN TOTAL CONTROL OVER IRAQ IN THE FIRST PLACE! THEN ALONG CAME GEORGE BUSH JUNIOR AND HIS NEOCON SUPPORTERS, AND THEY THREW 40 YEARS OF AMERICAN EFFORTS TO KEEP A LID ON THE MIDDLE EAST INTO THE GARBAGE CAN! AND TH REST IS HISTORY! OBAMA PICKING OFF TOP TERRORISTS WITH DRONES… AND DOING ALL KINDS OF OTHER TOP SECRET STUFF, AS WELL… IS HIS WAY OF GETTING US BACK TO WHERE WE WERE BEFORE THE BUSH BUNCH DESTROYED THE STABILITY OF THE ENTIRE MENA PART OF THE WORLD!!! DEMOCRATS HAVE USED DIPLOMACY…. BOTH SIDES OF THAT DOUBLE EDGED SWORDS, RATHER MASTERFULLY OVER THE LAST 80 YEARS… BACKING IT UP WI BUT SELECTIVE FORCE FROM TIME TO TIME. REPUBICANS HAVE A BAD HABIT OF JUST JUMPING INTO A BIG MESS WITH BOTH FEET…. AND GETTING LARGE NUMBERS OF AMERICANS… AND INNOCENTS,,, KILLED IN THE PROCESS!!!

  38. SO… YOU… YET AGAIN… DID NOT READ WHAT I ACTUALLY WROTE??? YEAH… RIGHT NOW, YOU CAN BUY OVER PRICED BONDS AND LIMIT YOUR LOSSES BY HOLDING THEM TO MATURITY…. OR YOU CAN INVEST IN OVERPRICED STOCKS AND OTHER ASSETS… AND VERY POSSIBLY LOSE 10 TO 90%… OR EVEN MORE… OF YOUR INVESTMENT. TENS OF MILLIONS OF PEOPLE ARE MAKING THIS EXACT CHOICE… AND THE LARGE MAJORITY OF THEM ARE DUMB ENOUGH TO INVEST IN THE WRONG ASSET CLASS… AND MOST OF THOSE CLUELESS DIMWITS ARE MULTI MILLIONAIRES!!! I CAN ALREADY HEAR THEM SCREAMING ABOUT THEIR HUGE LOSSES FROM MONTHS AND YEARS IN THE FUTURE!!!

  39. WE LIVE IN A VERY COMPLEX SOCIETY… SO… NO…NOT EVERYONE REALLY UNDERSTAND WHAT THEY ARE VOTING FOR! WHEN I WAS YOUNG, I SUPPORTED A REPUBLICAN FOR THE GOVERNOR OF MY HOME STATE… I AM EMBARRASED AND A BIT ASHAMED TO SAY. BUT… IF AFTER A FEW YEARS YOU ARE STL VOTING AGAINST YOUR OWN BEST INTERESTS, THEN THEIR IS CLEARLY SOMETHING WRONG WITH THE WAY YOU VIEW THE WORLD, OR THE WAY YOU RESPOND TO IT. AND WORKING CLASS PEOPLE WHO CONSISTENTLY VOTE REPUBLICAN AND/OR SUPPORT REPUBLICANS FOR OFFICE AND REPUBLICAN IDEOLOGIES… ARE CLEARLY VOTING AGAINST THEIR OWN BEST INTERESTS! AND THE REPUBLICVAN PARTY MAKES NO SECRET OF THEIR DEEP CONTEMPT FOR WORKING PEOPLE… IF IT HURTS WORKING PEOPLE IN ANY WAY, THE REPUBLICAN PARTY OPENLY SUPPORTS IT. THEY MAKE NO ATTEMPT TO EVEN HIDE THEIR HATRED OF WORKING PEOPLE… THEY ARE EVEN PROUD OF BEING CONTEMPTUOUS OF WORKING PEOPLE… REMEMBER MITT ROMNEYS CONTEMPT FOR THE 47% OF PEOPLE WHO ARE TOO LOW INCOME TO EVEN PAY ANY TAXES… EVEN THOUGH HEY ARE FILING RETURNS BECAUSE THEY WORKED AND WANT TO GET TAX REFUNDS ON WHAT THEY HAVE PAID INTO THE SYSTEM??/ THE REPUBLICAN PARTY HAS DONE MORE DAMAGE TO THE UNITED STATES THAN ALL OF OUR FOREIGNENEMIES COMBINES… AND THE ONLY REASON THAT THEY CAN GET AWAY WITH THEIR OUTRAGEOUS CRIMES AND ACTS OF TREASONS IS BECAUSE TENS OF MILLIONS OF LOWER AND MIDDLE INCOME WORKERS CONSISTENTLY VOTE FOR TOSE SAME REPUBLICANS! SUPPORTING CRIMINALS IS NOT MUCH DIFFERENT THAN BEING A CRIMINAL… AND THEREIN LIES MY ANGER TOWARDS WORKING CLASS REPUBLICANS… IDIOTS WHO KEEP VOTING FOR REPUBLICANS ARE DESTROYING MAY COUNTRY…. AND THEY ARE TOO STUPID TO EVEN REALIZE IT, DESPITE HAVING BEEN TOLD… OVER AND OVER AND OVER AGAIN, THAT THEY ARE DOING SO!!! I GUESS YOU CAN’T CURE STUPID… AND WORKING CLASS REPUBLICANS PROVE THAT SAYING ON A DAILY BASIS!!!

  40. SO… DOCUMENTABLE BITS AND PIECES OF ECONOMIC TRUTH REPRESENTS TALL TALES AND TANTRUMS??? NO WONDER YOU RIGHT WINGERS ARE SO ABYSMALLY DUMB…. YOU TAKE OFFENSE AT HARD FACT AND MODERN SCIENCE!!!

  41. WHY DO YOU THINK I SAID WAHT I SAID… I WAS DELIBERATELY MAKING A REFERENCE TO A PASSAGE IN THE BIBLE… WHICH I KNOW FAR BETTER THAN YOU EVER COULD! IT IS SAD THAT YOU SO CALLED RELIGIOUS RIGHT ZEALOTS HAVE NO IDEA WHAT CHRIST WAS REALLY TRYING TO TEACH… INSTEAD… YOU PERVERT THE WORLD WITH YOUR RIGHT WING BELIEFS, MOST OF WHICH DIRECTLY CONTRADICT THE TEACHINGS OF CHRIST… AND OF THE MORE LIBERAL INTERPRETATIONS OF THE REST OF THE BIBLE. AND YES, MOST EDUCATED JEWS ARE VERY WELL AWARE THAT THEIR TEACHINGS CAN BE VIEWED AS BEING CONSERVATIVE OR LIBERAL OR MIXTURES THEREOF… IN EFFECT… THEY INVENTED THE WHOLE IDEA OF LIBERAL AND CONSERVATIVE. AND FROM THAT POINT OF VIEW, JESUS WAS A LIBERAL… WHICH IS PART OF THE REASON WHY CONSERVATIVE JEWS REJECTED HIM AND HAD HIM KILLED!!!

  42. Losing 10-70% on your stock and real estate investments? You are doing it wrong.

  43. TRUTH is calm and logical , you are not !

    U R a Troll , find a bigger cave and go back to it ! The echos of hearing ur own will sooth you , all tho they will be lies echoing back to 2 u !

  44. Read the bible to understand what and why Craig said that to u !
    , i already do and do not need you ! Go back under ur rock troll !

    You are so threatened by us that do read and read thru ur bs . And we think more clearly and know your Baseless Sayings are not thought out & talking points of a mind that does not think coherently !

  45. Well, it’s your version of the truth, not one with which everyone would agree. And yes, you do toss tantrums when telling your tall tales. Yelling, screaming, lecturing, name-calling, and dispensing your amusing blend of anger and misery.

  46. So, let me get this straight…Do you think everyone who votes knows who/what they’re voting for? Would you tell a first-time voter who really doesn’t know what to do that he or she’s an idiot if they vote Republican? Also, are you saying that I’m an idiot if I have a job? Sorry, just looking for clarification.

  47. John Dildo the winger troll speaks lies again from his government perch in the name of his phony left right paradigm

  48. SPEAKING THE TRUTH IS A TANTRUM??? THEN, YES, I HAVE BEEN THROWING TANTRUMS FOR 40 PLUS YEARS… AND WILL CONTINUE DOING SO UNTIL THE DAY I ESCAPE THIS NIGHTMARE FILLED WORLD!!!

  49. CRAIG SILVER… THE BABY KILLER… SUPPPORTING THE ARMING OF MASS MURDERERS ALL OVER THE WORLD… AND SUPPORTING THE BOMBING OF TOTALLY INNOCENT MEN WOMEN AND CHILDREN… ALL IN THE NAME OF HIS PHONY GOD… AND IN THE NAME OF HIS PHONY PATRIOTISM!!!

  50. IF YOU ARE A WORKING CLASS PERSON… SOMEONE WITH MODERATE OR LOW INCOME EARNED BY WORKING FOR SOME COMPANY… AND YOU VOTE REPUBLICAN…THEN YOU ARE A RIGHT WING REPUBLICAN PUPPET… AND A TOTAL IDIOT!!! BECAUSE THE REPUBLICAN PARTY HAS DELIBERATELY AND KNOWINGLY SCREWED YOU EVERY WAY POSSIBLE… AND THEY HAVE BEEN DOING THAT FOR AT LEAST THE LAST 100 TO 125 YEARS OR SO!!!

  51. skipped his ignorant – prejudice ranting to run in to your sage advice to skip his ranting , now i am ROFLMAO over our great minds coming to a sane agreement . cheers

  52. Sacrilegious evil liar troll, keep me out of your God forsaken winger paradigm, where you worship your right/left divide and conquer, 2 headed satan God snake, that murders babies, while your on the government payroll.

  53. Dille, who are the idiot right wing republican puppets you’re referring to?

  54. YES… I AM ON THE GOVERNMENT PAY ROLL…ITS CALLED SOCIAL SECURITY, AND I AM DAMN PROUD OF THAT SYSTEM, AND OF THE DEMOCRATS WHO CREATED AND WHO HAVE KEPT REPUBLICANS FROM DESTROYING THAT SYSTEM. AS FOR DISTRACTING PEOPLE FROM THE TRUTH….. I AM THE TRUTH AND THE WAY AND THE LIGHT…. AND NO ONE COMES TO ANY REAL ECONOMIC OR POLITICAL UNDERSTANDING WITHOUT LISTENING TO ME… OR TO THOSE WHO TEACH AND PREACH WHAT I TEACH AND PREACH!!! AS FOR KREIG SLIVER… WHO THE HECK KNOWS WHO IS PAYING HIM TO LIE AND SPREAD BALONEY… NEAR AS I CAN TELL, HE DOES IT FOR NOTHING… LIKE THE GOOD LITTLE RIGHT WING PUPPET THAT HE SO CLEARLY IS!!!

  55. SO… HOW HAVE WORKING PEOPLE… ESPECIALLY MIDDLE AND LOWER INCOME PEOPLE… BEEN ABSOLUTELY DESTROYED BY REPUBLICAN POLICIES OVER THE LAST 35 TO 45 YEARS!!! THAT IS EASY TO EXPALIN…. REPUBLICANS HAVE KNOWINGLY AND ELIBERATELY HIRED MOST OF THE ILLEGALS WHO HAVE FLOODED INTO THIS COUNTRY OVER THE LAST 40 YEARS. REPUBLICANS HAVE KNOWINGLY AND DELIBERATELY GONE OUT OF THEIR WAY TO BUST UNIONS AND TO OUTLAW UNIONS ALL OVER THE USA…. EVERY SINGLE REPUBLICANDOMINATED STATE HAS RIGHT TO WORK LAWS WHICH EFFECTIVELY DESTROY THE ABILITY OF UNIONS TO USE COLLECTIVE BARGAINING TO HELP WORKERS… AND THUS… MOST REPUBLICAN STATES ARE LOW WAGE STATES… 23 OF THE LOWEST WAGE 30 STATES ARE SOLIDLY REPUBLICAN… AND 14 OF THE 15 LOWEST WAGE STATES ARE SOLIDLY REPUBLICAN!!! REPUBLICNS HAVE DONE EVERYTHING THEY CAN TO BLOCK MINIMUM WAGE INCREASES EVER SINCE THE FIRST MINIMUM WAGE LAW WAS PASSED WAY BACK IN 1938! A REPUBLICAN DOMINATED CONGRESS HAS PASSED A MINIMUM WAGE INCREASE ONLY ONCE IN 78 YEARS… BACK IN THE 1990’S WHEN THEY AGREED TO DO SO IN EXCHANGE FOR TAX CUTS OFFERED BY BILL CLINTON, BECAUSE CLINTO WAS TOTALLY COMMITTED TO INCREASING THE MINIMUM WAGE… FOR THE FIRST ITME IN YEARS! REPUBLICANS HAVE SNT MILLIONS OF JOBS OVERSEAS, AND THEY HAVE PASSED MASSIVE TAX CUTS THAT BENEFITTED MOSTLY THE RICH… AND WHICH HAVE EXPLODED THE FEDERAL DEBT… AND HAVE DRAMATICALLY INCREASED THE GULF BETWEEN THE RICH AND ALL THE REST OF US! AND YET, YOU IDIOT RIGHT WING REPUBLICAN PUPPETS WONDER WHY DEMOCRATS CONSIDER YOU TO BE TOTAL IDIOTS FOR VOTING REPUBLICAN!!!

  56. SO… YOU DO NOT THINK LIKE A RICH GUY… SINCE YOU ARE PROBABLY JUST A PUPPET REPUBLICAN WHO GETS NO REAL BENEFIT FROM REPUBLICAN ECONOMIC OR POLITICAL ACTIVITIES!!! CONSIDER SOME RICH GUY WHO HAS A FEW MILLIONS… OR BILLIONS.. TO INVEST. YOUR OPTIONS ARE…. BONDS THAT ARE SO HIGH PRICED AND HAVE SUCH LOW YIELDS THAT YOU WILL ONLY GET BACK 99 OR 98% OF THE MONEY YOU USE TO BUY THEM….. OR… STOCKS AND REAL ESTATE AND OTHER ASSETS THAT ARE CLEARLY OVER VALUED… SO THAT… IF YOU INVEST IN THEM… YOU ARE ALMOST GURANTEED TO LOSE 10 OR 20 OR 30 OR 40 OR 50 OR 60 OR 70% OF YOUR INVESTED MONIES!!! WHICH WOULD YOU CHOOSE??? THE RELEVANT SAYING IS…. THE RETURN OF CAPITAL HAS BECOME MORE IMPORTANT THAN RETURN ON CAPITAL!!! NOW YOU UNDERSTAND WHY INTEREST RATES HAVE GOTTEN SO LOW IN RECENT YEARS! YOU ARE WELCOME!!! I AM GLAD TO HELP YOU SEE THAT RIGHT WING REPUBLICAN ECONOMIC THEORIES AND BELIEFS AND OPINIONS ARE CHILDISH AND BOGUS AND BASED ON FANTASIES!!

  57. The various central banks are drowning the world in cash liquidity. The retail banks are not passing that cash on to end users, thus the lack of large doses of inflation. Instead we are getting deflation in some cases. Shocking that you, who acts as if he is the smartest guy in the room, would fail to grasp this simple concept.

  58. Dille is a government paid Troll with a goal of distracting readers from the truth. Don’t even waste your time reading his winger propaganda!

  59. How are Republicans in favor of “kicking the poor?” I guess I should ask this question since I’m new to this site, but is John Dille a teenager or just a forum-chaser? I don’t want to respond to someone who’s just looking to ruffle feathers….

  60. I WISH YOU RIGHT WINGERS WOULD GET YOUR STORIOES STRAIGHT!!! FIRST YOU SCREAM AND HOLLAR THAT THE FED IS DROWNING THE WORLD IN LIQUIDITY… AND NOW YOU ARE SCREAMING AND HOLLARING ABOUT ALL THAT LIQUIDITY DRYING UP!!! WELL… NO DOUBT FINANICL LIQUIDITY WILL BE LIKE THE RAIN… TOO MUCH IN SOME ARES AND NOT ENOUGH IN OTHER AREAS… BUT…. RIGHT NOW…. MASSIVE AMOUNTS OF MONEY IS SLOSHING AROUND IN THE WORLD’S ECONOMIC SYSTEMS…. WHICH IS EXACTLY WHY BOND PRICES HAVE SOARED AND YIELDS HAVE FALLEN TO RECORD LOW LEVELS… AND WHY STOCK MARKETS ALL OVER THE WORLD ARE AT SUCH HIGH VALUATIONS… AND NEVER MIND RUNAWAY REAL ESTATE PRICES IN VARIOUS PLACES AROUND THE WORLD… OR RECORD PRICES IN THE HIGH END ART MARKET… AND OVER 500 BILLIONAIRES IN THE USA AND WELL OVER 2,000 BILLIONAIRES AROUND THE WORLD! MEANWHILE, HALF THE PEOPLE ON EARTH ARENOT SURE WHERE THEIR NEXT MEAL IS GOING TO COME FROM, AND EVEN HERE IN THE USA… 20% OF THE PEOPLE IN THIS NATION WOULD STARVE ON THE STREETS IF THE GOVERNMENT DID NOT HAVE PROGRAMS TO HELP THEM SURVIVE! OF COURSE… REPUBLICANS ARE SOLIDLY IN FAVOR OF HELPING THE RICH GET EVEN RICHER… AND IN KICKING THE POOR AND LOWER MIDDLE CLASSES WHILE THEY ARE DOWN! IN THE EVENT OF AN INEVITABLE FINANCIAL CRISIS… BROUGHT ON BY THE BLATANT GREED OF REPUBLICANS AND THEIR BILLIONAIRE MASTERS… WHAT IS MOST LIKELY TO HAPPEN??? OH.. YEAH… STOCKS AND REAL ESTATE MIGHT FALL BACK DOWN TO REASONABLE PRICES, AND BONDS MIGHT FALL BACK TO THER ORIGINAL PAR VALUES…. LOTS OF RIGHT WING BILLIONAIRES WILL LOSE TENS OF TRILLIONS OF DOLLARS, AND MILLIONS OF ORDINARY PEOPLE WILL GET HURT… BUT MOST WILL HARDLY NOTICE BECAUSE THEY HAVE BEEN UNDER FINANCIAL STRESS FOR YEARS AND DECADES… EVER SINCE RONALD REAGAN AND FRIENDS DECLARED WAR ON AMERICA’S WORKING PEOPLE MORE THAN 30 YEARS AGO!!!

  61. The point that is being missed with regard to bonds is that anyone who would want to buy 10 year or more bonds and lock in mini rates would have to be out of their minds. To suggest that rates will stay around 1% for the next ten or twenty years is simply insane so to purchase 10 year bonds at those or even lower rates is crazy because you are simply throwing money away.

    When, not if, rates return to normal those bonds will become virtually worthless. In Europe interest rates have fallen below zero in some cases yet foolish people are lending long.

    When rates are high lwnd long when they are low lend short.

    If you are a borrower borrow long and laugh all the way to the bank for years.

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