"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Friday, December 16, 2016


Following the FOMC minutes release on Oct 12 of the September 21-22 meeting we can see TSY Ex. TIPS net positions bombing out for securities between 6- & 7-years maturity. Now we see the sprint into the 2-year paper from Primary dealers. The short term focus is the highest demand. 

The ETFs tracking Agency Bonds, MBS, and CMBS all started to bomb out the day Trump was elected but why would you know that when the garbage shows on CNBC that pass for FinTV only focus on the equity markets?

You have to ask "have the assholes on TV learned nothing from the Jon Stewart smack down he gave Cramer (ever hear about his Charitable Trust?) and the whole industry for missing the 2008 collapse?" Just know, CNBC and Bloomberg have the tools required to see the collapse coming and they are ignoring it.

There has been a serious shift in the characteristics that unpin the markets. While the peasants and lazy players look at the equity exhaust for answers, most of us are filtering through the boring and unsexy areas of finance trying to understand just what this tectonic shift is that we are seeing taking place...although I don't know for certain I do believe this is the shift before the earthquake. 

Economics is currently in a world-wind of shit. The people maintaining the game fail to understand just what is happening out here. Think about this: we are in a state currently were the perception is based upon relativeness, there is no intrinsic anymore. Most of the chooch-ass PhD, Masters, and magnum cum shut-the-fuck uppers are using other people’s ideas and pawning them off as their own. No one does original analysis anymore. Maybe that because it's priced in, right Sarah Eisen??

The following Tweet sums up the ridonkulousness we see on TV all day as Sarah Eisen and company remain surprised that they are idiots who can't seem to figure out "if it's priced in":
So what I say to CNBC and Co. can only be summed up best from George Carlin: