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Friday, February 12, 2016

KTFA : BACKDOC ALERT, 12 FEB

KTFA : 

Thunderhawk:   Backdoc Alert

Forget the Great Recession—Welcome to the ‘Great Repricing’


David Rosenberg says the negative-rates experiment is failing.

Six and a half years removed from the Great Recession, we’re now in the midst of the “Great Repricing.”

That’s what David Rosenberg, chief economist and strategist for Gluskin Sheff + Associates, dubbed the current market selloff, one that’s seen the Standard & Poor’s 500-stock index drop more than 11 percent since the new year began. Continued carnage in crude and flows to the yen, commonly considered a safe-haven currency, are signs of a market in which risk appetite is nowhere to be found.

These down markets nevertheless come at a time when the American consumer—the prophesied catalyst of global growth—still appears to be in good shape.


" A didas just posted double-digit gains in operating profits and revenues, raised its outlook for earnings and sales for the year, and investors are putting their footwear to work and running away from risk,” quipped Rosenberg. Uncertainty isn’t confined to market participants, he said—it also reigns supreme at central banks.

“If [Janet Yellen] is so confused, why shouldn’t the rest of us be?” wrote Rosenberg, commenting on the Fed Chair’s testimony before the House Financial Services Committee. “And the blowout in credit spreads and sharp compression in the market multiple attests to an investor base that indeed is very confused at the moment.”

Since the financial crisis (or going back to the early 1980s, depending on whom you ask), selloffs of this severity typically have forced monetary policymakers to refill the punch bowl, creating the appearance of a central bank “put.”

Central bankers outside the U.S. have certainly attempted to bolster their economies. Recent attempts at accommodation have disappointed, however, judging by price action in Sweden on Thursday morning, or in the Japanese yen since the adoption of negative interest rates. Such developments suggest that market participants doubt the efficacy of monetary policy, as well as the possibility of global reflation.

If this market malaise is to be broken, central banks will have to try something bold, according to Rosenberg, and negative interest rates are not the answer. Put another way, gravitational waves aren't the only things proving Albert Einstein right today.

“This is no longer 2009-14 when central banks could bolster markets … the laws of diminishing returns have clearly set in,” he wrote. “The latest experiment on negative rates is falling flat on its face, but in a classic case of following Albert Einstein’s definition of insanity, the academics who run the world’s central banks show no sign of backing away from a policy that is undermining the banking system.”

Instead, the strategist would prefer monetary policy to join forces with fiscal policy.

“We need an entirely new strategy which would involve true debt monetization,” he said, suggesting the sort of “helicopter drop” of money previously bandied about by the likes of Ben Bernanke and Milton Friedman.

http://www.bloomberg.com/news/articles/ ... -repricing

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Mountainman:  So In Other Words......We take things Into NEGATIVE......So The "REPRICING" w/NEW ASSETS....Gold Resources etc...RESULT in The MARKETS/CURRENCIES Turning "POSITIVE"!!!!!!!!.....8 Ball Corner POCKET......

BACKDOC:  NOTHIN BETTER THAN A GOOD ADJUSTMENT!
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Thunderhawk:   Backdoc Alert    Dollar on track for steep weekly losshttp://www.reuters.com/article/us-global-forex-idUSKCN0VL03G

Mountainman:  Well IMO.......The FED is Going to be......Let's say..."LOOSE LIPS SINKS SHIPS".......therefore, "THEY"/YELLEN have to "PLAY" this Out as to NOT cause Complete CHAOS in the Markets.....A MEASURED PROCESS...so to speak....and IF Investors in the MARKETS realized "THE NEW LANDSCAPE COMING to A COUNTRY NEAR YOU".........These Investors would be BAILING OUT quicker than RATS in A Flooded JERSEY SEWAGE DRAIN.......IMO

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Thunderhawk:    Backdoc Alert  'I hate to say' selling going to continue: Gartmanhttp://www.cnbc.com/2016/02/11/i-hate-to-say-selling-going-to-continue-gartman.html

Mountainman:  SINK or SWIM......Or Just STAY OUT of the WATER........Watch Out For Those SHARKS....."THEY" will getcha!!!!!!!!

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Thunderhawk:    Backdoc Alert   Asian shares slide as bank fears add to global gloomhttp://www.reuters.com/article/us-global-markets-idUSKCN0VL04E

BACKDOC:  AS YOU CAN SEE THE FIAT BOND YEILDS KEEP DROPPING!
ITS A TRAP!  SLAP!    HEE HEE!

Mountainman:  NOW In THE NEW MONETARY OLYMPICS Central Banks Will Hold each Others Currencies as an ASSET.....WHY??? Because they will be LIKE GOLD for "THEIR RESERVES"....THINK about that for a MOMENT or TWO!!!!!!!!.......So there Will be a DEMAND for Certain Countries.....ASSET/S.....IMO.....You Decide.....

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Hoot:  so backdoc do you agree with i-teams accesment of the program rate being lifted in February

BACKDOC:  WELL, I JUST GO BY ARTICLES! I HAVE NO INTEL! IRAN SAID THEY WOULD LAUNCH AROUND THE 8TH AND WOULD FINISH UP AROUND THE 18TH BASED ON WHAT THEY SAID  DOC  IMO

Hoot:  what i don’t understand is why canada just sold there gold reserves

BACKDOC: BECAUSE ITS GOING DOWN!  THEY ARE LIKELY HOLDING ASSET BACKED FOREIGN CURRENCY THAT WILL GO UP! HEE HEE   IMO   DOC

Hoot:  oh backdoc thanks ,,,i know you don’t have intel but you did say we need to look at the end of february, and now i-team seems to agree with the info they got....either way it is all good for us........i had my wife read some of your posts about waiting to cash in everything, at least till everything levels out

BACKDOC:  WE HAVE TO BE VERY HOPEFUL FOR LATER THIS MONTH BASED ON WHAT WE STUDY!

CAUTION ON WHEN AND WHERE WE GO ONCE THINGS ARE LAUNCHED !

WE GO SECURITIZED! DIGITAL WILL BE THE NEW LINGO! DIGITAL CURRENCIES AND DIGITAL LOANS! THEY ARE ALREADY SHOWING UP ON TV!  DOC   IMO

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Thunderhawk:   Trade Min: TPP countries demand Peruvian exportable supply
Other agreements


To date, Peru has signed 17 Free Trade Agreements -currently in force- with countries China, US, Canada, Japan, Mexico, Singapore, Venezuela, South Korea, Cuba, Chile, Panama, Costa Rica, Thailand, European Union, the Andean Community, Mercosur and the EFTA (composed of Switzerland, Liechtenstein, Norway and Island).

Currently, Peru negotiates treaties with Brazil, Turkey and El Salvador. Similarly, studies on how beneficial signing FTAs with India and Indonesia are being conducted, Silva indicated.

http://www.andina.com.pe/Ingles/noticia-trade-min-tpp-countries-demand-peruvian-exportable-supply-598554.aspx

BACKDOC:  THE SIGNIFICANT POINT HERE IS THAT THE FREE TRADE AGREEMENTS THAT ARE ALREADY FUNCTIONAL ARE A FOUNDATION TO START WITH!    THIS IS A LAYERED APPROACH!  DOC   IMO

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Thunderhawk:   India pins hopes on China-backed trade bloc with Trans-Pacific Partnership advancing
NEW DELHI: India, concerned at being sidelined from the US-led Trans-Pacific Partnership (TPP), is stepping up efforts to reach agreement with an alternative trade bloc centred around China, and hopes to reach a deal this year. New Delhi has long been seen by many countries as an intransigent player at the World Trade Organization (WTO), a multilateral forum that has struggled to find the consensus it needs to move forward. Prime Minister Narendra Modi has backed an export-focused 'Make in India' drive as the path to prosperity for Asia's third-largest economy.

http://www.dailyshippingtimes.com/news-upload/upload/fullnews.php?fn_id=13071

BACKDOC:  WE KNOW THAT INDIA IS THE SECOND LARGEST IN THE BRICS BANK SO THEY ARE ALL IN WITH CHINA AND THE GOLDEN TRIANGLE!

GOOD LUCK BOYS! LET THE GAMES BEGIN! I LIKE MY ODDS WITH THE EMPIRE AND TPP COUNTRIES! WE ARE MORE INNOVATIVE!   DOC   IMO

Mountainman:  Seems When it Comes to GLOBAL TRADE AGREEMENTS....CHINA is saying....Hey We Have Some Alphabets Too....it's NOT just TPP.....Hey DOC February has been Very BUSY on these "CONTRACT" AGREEMENTS..........Hurry,Hurry,Hurry......Don't Get "LEFT BEHIND".....C O U N T R I E S.....IMO

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