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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (13409)	11/28/2012 5:27:14 AM
From: John Pitera	6 Recommendations Read Replies (1) \| Respond to of 33421

And the biggest bubble in human history is the bubble in US Bonds and debt. The FED has engineered 10 year rates to 1.65% and short rates close to zero. The fact that this has not even been the central part of the discussion is what displays the cold fact that people in the country and chiefy is not even speaking to this most massive inflection point in the biggest bubble in history. Rick Santelli had Sheila Bair the former head of the FDIC on cnbc. she had just written a book "take the bull by the horns" and she illustrates the tremendous financial peril that we are encountering. 90% of new Mortgage orginations have some type of FSE insurance and that is anathama ( the total opposite) of what capitalism is all about. Capitalism is not having the US Government guarantee everything under the sun. and we can no longer do it. she points out that Tim Geithner who she labeled the " bail-out in chief" has been annointed by the white house to deal with the fiscal cliff negotiations. He's not the man for the job and I admit making a serious mistake for ever mentioning that he could be a viable secretary of the treasury. the piercing of the bond bubble will quite likely be concomitant from a run from a number of currencies including the USD , the EUR etc. I wonder if da chiefy knows and can explain why the convexity curve in the bond market occurs when interest rates go down..... even if he goes and researches it. John