Jim Willie Discusses The Bond Bubble, Part II

108

This podcast picks up right where Part One left off, as Jim is about to discuss "the bond carry trade".

The Bond Carry Trade is the process by which, since 2009, the TBTF banks have been able to "pretty up" their balance sheets by showing massive profits on their bond portfolios. The banks borrow from The Fed at near-zero interest rates and they re-invest that same money into 2-3% yielding treasuries, keeping the spread and booking it as quarterly profit. This allows CNBS and other media to tout their equities as "cheap" and "undervalued" when, in fact, they are insolvent zombies.

As you might imagine, The Bond Carry Trade is only one of the topics Jim covers here so sit back, relax and enjoy yourself some Jackass. TF

  108 Comments

gold slut
Oct 5, 2013 - 10:53am

Furst!

Now, I can die happy (and sad at the same time)!

StevenBHorse
Oct 5, 2013 - 10:56am

Carry Trade

Will continue until they think more money can be made fighting the Fed than playing along with this game.

The Doc
Oct 5, 2013 - 11:01am

Thurd!  Always great to hear

Thurd! Always great to hear Jim's thoughts. Keep up the great work TF!
-Doc

The Doc
Oct 5, 2013 - 11:03am

More Saturday Metals Radio..

Metals & Markets: Cartel Desperate to Stop the Bleed of Physical Gold!



On this week’s Metals & Markets, The Doc & Eric Dubin discuss:

Oct 5, 2013 - 11:20am

No Vault podcast

I was trying to cobble together some stuff but there really isn't much to talk about and I don't want to waste anyone's time on the weekend.

So, no Vault podcast today. The action will resume, of course, on Monday.

DollarMenu2
Oct 5, 2013 - 11:28am

thanks!

Thanks for the rest of JW's interview. And, for free!

Oct 5, 2013 - 11:35am
Oct 5, 2013 - 11:45am

Two weeks from today

Santa will have another Q&A, this one in Washington DC. You should be sure to check it out if you're in the area.

https://www.jsmineset.com/qa-session-tickets/

TomMack
Oct 5, 2013 - 12:05pm

chirp chirp

i usually have a tuff time keeping up with all the blogs comments and links and such...Can it be that alot of the heavy hitters are Government paid bloggers both pumpers and dumpers and are on furlough????

jk

benque
Oct 5, 2013 - 12:12pm

TomMack - Good point!

Will internet trolls be on furlough, or are they bankster hires?

It would be funny to see them change their tunes when the paychecks stop rolling in...actually saying what they really believe, perhaps?

edit to add: On the other hand, maybe they are "ESSENTIAL" personnel.

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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