Ruh ruh, Raggy

With the contentious Greek parliamentary vote to pass the necessary bills to progress with the Anschluss bailout program today, there's bound to be a bit of volatility today.   All the more so if one is a believer in calendar effects or financial numerology.   Consider the following:

October 15, 2014:  Bonds go crazy:


Three months later, on January 15, 2015, the SNB pulls the bid in EUR/CHF:


On April 15, exactly three months later, Bunds hit their all-time low yield and don't look back:


(Hat tip to Fred G for pointing this out.)

Three months later is...err....today, with the spectre of the Greek vote looming large.   As  Scooby Doo might say:   Ruh roh, Raggy!  Buckle up out there, as it might be a wild one.

Bonne chance.



Previous
Next Post »

25 comments

Click here for comments
JohnL
admin
July 15, 2015 at 7:52 AM ×

Just as SHCOMP realizes that the law of gravity has not been repealed!

Reply
avatar
Adams Kevin
admin
July 15, 2015 at 11:16 AM ×

Applicant attention.

2015-2016 loan investment offer 3% rate only. I am Mr Adams Kevin a representative of A.K.L.M insurance company, Email:(adams.credi@gmail.com)

* Personal loan.
* Business loan.
* Investment Loan.
* Home loan.
* Student loan.

Here is a chance for you to urgently loan from Mr Adams Kevin loan investment. Contact Email: (aiicco_insuranceplc@yahoo.com) for urgent loan information
Application is out 2015.

Email: adams.credi@gmail.com
Tell: +187499384874

Reply
avatar
Dan
admin
July 15, 2015 at 1:33 PM ×

"The IMF seem to want to ban can kicking......to the greek people"

Correction: "...to zee German politicians"

Germany is surrounded and outnumbered by its debtors. They do not have a lot of options right now. Greece has new options adding to old options every day. This dance is just a formality, but we should all be able to se where this is going after the dance.

The only party pretending to be innocent is Germany and she isn't wearing panties.

One must look at the world of opportunities and there are a lot of them, but not for Germany. Japan has been smartly building their "defensive" capabilities and making sure they can be adapted for offensive action in the future should circumstances require.

Reply
avatar
Miki
admin
July 15, 2015 at 2:06 PM ×

Lets see if its Golds turn to collapse....

Reply
avatar
washedup
admin
July 15, 2015 at 2:06 PM ×

MM - since bonds and currencies seem to be alternating in playing leading roles in your pattern, it would behoove the dollar to put in a 3 handle move today - anything less than that would not impress us given the high bar set by these other events.
If I were Tsipras, I would worry less about the vote in parliament and more about how to get home on a daily basis once the greeks realize what he has signed them up for, and no, I don't buy the idea that if something were to happen it would happen already.

Reply
avatar
Anonymous
admin
July 15, 2015 at 2:25 PM ×

All we have at the moment is a demonstration of just how incompetent our leadership is worldwide. Pick your moron: Yellen, Schauble, Draghi, Tsipras, Kuroda, the num nuts in China, Australia, the U.K., Renzi, Hollande (the list just goes on and on and I'm not even trying).... so FX is mostly a lottery now. Seems to me eventually (apart from those FORCED to buy Government bonds by legislation) our leaders will end up with unfundable Government bond markets. That is where the bubble has ended up: in Government bond markets. And it will burst.

Reply
avatar
Anonymous
admin
July 15, 2015 at 3:14 PM ×

life is full of mysteries;
- why do robots put random comments on blogs (see Kevin Adams above) people reply to them, really?
- if the IMF is so vocal on a haircut, why aren't they as vocal about taking a hit themselves.... Do as I say, not as I do?

Reply
avatar
Anonymous
admin
July 15, 2015 at 3:15 PM ×

China Premier Li Keqiang: Will expand use of Foreign-Exchange reserves for loans.

Reply
avatar
Macro Man
admin
July 15, 2015 at 3:20 PM ×

Anon @ 3.14...I am tempted to pass Mr. Adams' details onto Mr. Tspiras in case the current bailout program falls through...

Reply
avatar
Dan
admin
July 15, 2015 at 3:31 PM ×

Central banks can buy the bonds and the distortion will show up in lower workforce participation because capital prices are supported. Natural price discovery would increase the cost of labor relative to capital and the cost of government. Governments are sticky things, so they will not adapt their payrolls as they should.

If transfer payments (debt-funded) are insufficient, chronic unemployment leads to civil unrest. When transfer payments are funded by debt, it is inevitable they will become insufficient because the COL will move faster while the ranks of unemployed (state obligations) grows larger.

Yanis resigned to run his mouth publicly and influence the court of public opinion. Look for his recent transcript. Tsipras does not have too many moves to make and through his announcement that he signed a deal he did not believe in, he is attempting to distribute political risk across parliament. As long as the Greeks keep kicking this thing to the people, they can hold the moral high ground on the basis of an odious debt.

The Germans are being isolated. Even after the steep haircut that Russia's foreign reserves took in 2014, the Russians still has more than double what Germany has. The IMF will break Germany, but Greece needs to stay in the EU because the IMF requires the sovereignty of a state to be what it wants to be. If Greece leaves the EU, all of the PIIGS' people will become an unmanageable mess. Why? Because Greece will flourish if it leaves the EU and all of the PIIGS' politicians will be spit-roasted.

All of this ends at the IMF. The IMF is who will end up with the "unfundable" sovereign debt in exchange for SDR.

Reply
avatar
river
admin
July 15, 2015 at 7:03 PM ×

BOC cuts rates again..Carney is smiling somewhere..

Carney got paid for just jawboning?..Anyone who actually believed him got slaughtered!

Reply
avatar
washedup
admin
July 15, 2015 at 11:18 PM ×

MM - @"As Scooby Doo might say: Ruh roh, Raggy! Buckle up out there, as it might be a wild one."

Duly added to my dusty old trading journal - patterns, once recognized and noted in blogs, cease to exist!

Reply
avatar
river
admin
July 16, 2015 at 1:58 AM ×

@LB,

Just some info,not suggesting anything..

http://finance.yahoo.com/news/gundlach-doesnt-see-fed-raising-160210902.html

http://finance.yahoo.com/video/gundlach-bought-annaly-couple-weeks-163400376.html

Reply
avatar
girls top
admin
July 16, 2015 at 7:08 AM × This comment has been removed by a blog administrator.
avatar
July 17, 2015 at 8:54 AM × This comment has been removed by a blog administrator.
avatar
Kim Ray
admin
July 22, 2015 at 8:57 PM × This comment has been removed by a blog administrator.
avatar
July 23, 2015 at 5:51 AM × This comment has been removed by a blog administrator.
avatar
July 24, 2015 at 9:05 PM × This comment has been removed by a blog administrator.
avatar
Anonymous
admin
July 25, 2015 at 10:00 PM × This comment has been removed by a blog administrator.
avatar
Allen Smith
admin
July 27, 2015 at 1:05 AM × This comment has been removed by a blog administrator.
avatar
Gunther mike
admin
July 27, 2015 at 3:37 AM ×

DO YOU NEED A LOAN?? Hello, My name is Mr Oteger Wilson. I am a private lender who give out loan to private and corporate individuals. Have you been turned down by so many banks? Do you need finance to establish your business? Do you need finance for the expansion of you business? Or do you need a personal loan? My loan ranges. from personal to business loan. My interest rate is very affordable and our loan process is very fast as well. I am very willing to make all your financial troubles a thing of the past. If you are really ready to get your financial problems solved,Then search no further and apply for a loan today Email via:(otegerwilsonloancompany@gmail.com). I look forward in doing business with you.

Mr Oteger wilson
CEO.

Reply
avatar
Moris Fred
admin
July 27, 2015 at 3:43 AM ×

Hi everybody, I am OWEN JOAN,currently living in canada. I am married at the moment with two kids and i was struck in a financial situation and in needed to refinance and pay for my son medical bills. I tried seeking loans from various loan firms both private and corporate but never with a GOD son success,and most banks declined my credit. But as God would have it, i was introduced to a private loan lender by my friend (Toni Week) and i got a loan sum of (48,000USD) and today am a business owner and my kids are doing well at the moment. So dear,if you must contact any firm with reference to securing a loan with low interest rate of 2% and better repayment plans and schedule,please contact ( MR MORIS) he doesn't know that am doing this but am so happy now and i decided to let people know more about him, he offers all kinds of loans to both individuals and company and also i want God to bless him more. You can contact his company through this email (morisloancompany6@gmail.com)

Reply
avatar
Morgan steve
admin
July 28, 2015 at 12:47 AM ×

HOW I GOT MY LOAN FROM HERMAN CEIN LOAN FINANCE (CEINLOANFINANCE@YAHOO.COM)

Hello everyone, My name is Morgan Steev white, I am from the New Jersey, United State, am here to testify of how i got my loan from Mr Herman Cein { ceinloanfinance@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to Mr Herman Cein the C.E.O of Herman Cein Loan Finances who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Herman Cein, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Mr Herman Cein on his email address: { Ceinloanfinance@yahoo.com}or call (201) 720-8275 for help.

Reply
avatar
sydney jefferson
admin
July 28, 2015 at 11:21 PM ×

We are a Certified Financial Institution approving funds for all kinds of project. Our loan/financial offer is given at a low interest rate and it's repayment duration is very friendly and customer convenient.
Repayment period is within 12 to 120 months with an initial 6-12 months grace period with no pre-payment penalty.
We approve a funding for up to $100 Million and above depending on the nature of business.
We are currently funding for Existing businesses with existing management team, with major work on Energy, Contract Execution, Commercial Real Estate Purchase, Business Expansion, Transportation, Technology, Healthcare , pay rent, taxes, buy cars etc.
We are open to having a good business relationship with you as our financial scheme is very flexible and customer convenient.
If you think you have a solid background and idea of making good profit in any venture, please do not hesitate to contact us for possible business co-operation.
If you are interested in this offer, kindly contact us via email to receive our Funding Terms and Conditions. (sydneyloanfirm@yahoo.com)

Wishing you all the best!!!

Reply
avatar
Morgan steve
admin
July 30, 2015 at 3:41 AM ×

HOW I GOT MY LOAN FROM HERMAN CEIN LOAN FINANCE (CEINLOANFINANCE@YAHOO.COM)

Hello everyone, My name is Morgan Steev white, I am from the New Jersey, United State, am here to testify of how i got my loan from Mr Herman Cein { ceinloanfinance@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to Mr Herman Cein the C.E.O of Herman Cein Loan Finances who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Herman Cein, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Mr Herman Cein on his email address: { Ceinloanfinance@yahoo.com}or call (201) 720-8275 for help.

Reply
avatar