The big market moves this week were: the plunge of the “worthless fiat dollar” alongside a substantial (22 bp) drop in long Treasury rates. I believe these two moves are linked. Why hold the buck when the yield on your holdings is likely to plunge following more rate cuts, due to “Turd of an Economy” (h/t Ed Dowd). What’s more, if you do hold, maybe they think it is best to lock in those long rates now before they drop further. I predict even more turds will continue to appear, as those “super trustworthy” DC bureaucrats might just throw “Biden” under the bus with the coming Payrolls release this coming Friday, as suggested by Ed in a 5-D-chess tweet yesterday. I’m just not sure where the money came from that bought up all those long bonds.
Tinfoil Hat Today
Germany’s far-right AfD to campaign to leave EU, euro and Paris deal [Nov 30] (source – yahoo);
Scott Ritter: Hezbollah WIPES OUT IDF Ground War as Israel BEGS for Ceasefire ft. Ray McGovern [Nov 29, 23m] (source – youtube);
So who is this Scott Ritter guy anyway?
Free exchange of accurate information regarding the efficacy, safety, methodology and cost-effectiveness of weather modification activities (source – weathermod.org);
+ “The Weather Modification Association was organized in 1950….”
+ “Weather modification can be both planned, as is the case in cloud seeding (cloud modification), or inadvertent, for example, when pollution affects visibility.”
COG Expert Warns Record Level UAP Activity Tied To Shadow Governments’ Plans For A Nuclear World War III Scenario— Dark Journalist Joins Alex Jones For A Must-Watch Deep Dive Into The Different Ruling Factions Of Earth [Nov 26] (source – realalexjones);