Tuesday, March 14, 2017

The ten year yield is rigged

Zero Hedge: “I don’t generally call the entire market wrong -- investors are very smart, highly motivated individuals -- but I find it hard to say why stock markets are so un-volatile right now," says Nicholas Bloom, a Stanford University economist who co-designed the uncertainty gauge with colleagues from the University of Chicago and Northwestern University.
An increasingly risky operation by GS and the senators. They are  bottom limited by foreign creditors who suffer double the currency risk. And they are top limited by the need to keep small state programs flowing. But, when we exit this narrow corridor we might see a sudden and catastrophic pension stampede. Without sandbox help, GS has no  exit from the game. 

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