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


To: Jon Koplik who wrote (18424)10/10/2016 1:17:40 PM
From: Hawkmoon3 Recommendations

Recommended By
3bar
John Pitera
robert b furman

  Read Replies (2) | Respond to of 33421
 
There is a relatively simple solution to this.. Immigration..

There is certainly no shortage of people who want to come to the US. We have 4.5 million outstanding immigration applications pending (with US based sponsors willing to take care of them) to prove it. Many of these people have waited for up to 10 years to have their applications processed, despite having paid $500 each to file.. (I know.. my wife had an application submitted in 2007 by her US citizen sister.. We we got married, I found out that ICE was still processing applications dating from 2004. I had to resubmit, and pay another $500+ several thousand in lawyer fees, to get her PR "green" card)..

But it's the QUALITY of the people we permit to immigrate that is what matters.

People with skills. People who share our values. People who want to become US citizens in order to build a better life here, not merely to exploit a temporary work opportunity (and ship their money to their home country).. People who want to assimilate by learning English..

We don't need to focus on refugees who, for the most part, neither understand, nor believe, in American values.

That does not mean we shouldn't have opportunities to take in refugees... Merely, that we should be extremely picky..

Hawk



To: Jon Koplik who wrote (18424)10/14/2016 5:38:03 PM
From: John Pitera3 Recommendations

Recommended By
Hawkmoon
roguedolphin
The Ox

  Read Replies (1) | Respond to of 33421
 
How Wall St. Regulation Pushed Up Libor, and Borrowing Costs

nytimes.com

As can be seen in the increase of Libor, the cost of capital is going up for banks and ordinary Americans alike.

As of Friday, money marke funds must certify that they will no longer invest in "runnable liabilities", which is Fed speak for any security that is less than 100% safe

Money Market funds have been selling off their mortgage-backed securities and investing instead in Treasury securities, which are the gold standard.

3 month LIBOR is just going higher and higher.... de facto interest rate being pushed up....... it has really hurt the securitization market.



-----------------------------

The 30 year bond yield broke above it's 200 DMA today and the 10 year TNX yield which had broken above it's 200 dma a few days ago came back towards it and resumed its rate rise as well today.

we are also seeing a global interest rate spike.

The EUR/USD USD/JPY, and the GBP/ were all weak today especially the EUR.....

JP