Monday, September 27, 2010

Cazenove Strategist Discusses PPT And POMO Interventions To Keep Markets Ramping Higher

 

Insider Selling To Buying Surpasses 1,400-1

 

Moody's Downgrades Unguaranteed Senior Debt Of Anglo Irish Bank By Three Notches To Baa3 From A3

 

Central Banks No Longer Selling Gold (Duh Factor: 10/10)

 

US Long Bonds Remain An "Enron-like" Train Wreck Sunday, September 26, 2010
Surging trend energy in bonds continues unabated since April 2010. REV(E), or trend energy, illustrates the strength of the surge. Trend energy as of August 2010 is approaching the all-time high in December 2008. This has been achieved while price remains roughly 20% below the all-time high. The divergence of trend energy with price only reinforces the power of the trend.
US Long Bonds ETF (TLT) clip_image001
At some point capital flows based on reality economics will override the short-term illusion. The unusual change in the distribution of buyers at the Treasury auctions some developing cracks in the global economic facade. Besides, technical analysis based solely on nominal (US dollar) trends is extremely myopic and largely useless during periods of aggressive currency debasement. The real or unbiased currency adjusted trend in US long bonds remain an "Enron-like" train wreck that few are willing to acknowledge. The sad truth for the public is that capital flows require zero "official" recognition to force change.
Long-Term U.S. Government Bonds Total Return Index (LTGBTRI) to Gold Ratio: clip_image002
More…


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Unemployment Could Remain High Until 2013.


Yale Economist Robert Schiller Warns Seven Years of Economic 'Bad Times' in Store for US


Mortgage lending plummets to 10-year monthly low as housing market remains 'exceptionally' weak


Russian crop misery spreads to world’s supermarkets.


California Attorney General Asks GMAC to Stop Foreclosures 


They Are Printing Too Much Money 

 
Stocks Reignite a Rally as Economic Woes Fade


Business Spending on Capital Goods Rises in August 


Pace Of New Homes Sales Second Slowest On Record


Sarkozy: Tax The Banks


New US Unemployment Claims Rise Again 


Jim Willie: Permanent 0% On Road To Ruin


Food Inflation: Coming to the USA?

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