The 30-year Treasury auction today went terribly. Huge price tail; basically a half-failed bond auction. There hasn’t been an auction that bad in many years. Some people chalked it up to a cyberattack on China’s largest bank, which interfered with their ability to do Treasury transactions, while others contested that this was the main issue and instead argued it was a lack of demand for duration. Treasury market liquidity is really weak.
And then like an hour later Jerome Powell was interrupted in an IMF talk by eco-protestors, and he dropped the f-bomb on a hot mic.
Fun stuff.
Replies (51)
Any link to the hot mic? I want to see Powell acting human instead of his normal robotic self
Cyberattack on a bank preventing regular operation 👀
I'm expecting to see more of that next year.
#bitcoin is closing the f’n door📈
The cope and excuses for lack of demand will be glorious
I am very certain that he says, "Fuck this shit" a lot more often then gets reported. Certainly is fun stuff.
JPs reaction shows he is under pressure, nervous. This is new.
If the US is that reliant on just ONE Chinese bank to sell its bonds, saying there is weak demand is an understatement!
Dalio talked about this a lot in The Big Debt Crisis.
I don’t have my copy so I can’t find the notes but here is a rough example.
Reminds me of that scene in the HyperNormalizatio(2016) by Adam Curtis where no Banks showed up to buy New York City Bonds in the 80's.
This had many consequences.
He dropped the f-bomb? Hope it was “F your puts”….
Everyone can feel it. I'm in a totally unrelated field, and have a part-time career in a third unrelated field. In each one, everyone can feel how unsustainable things are, and everyone is just not sure how much longer it can keep going.
events are all inter connected - outages in japan few weeks and some us banks last friday maybe
What new comedy show is this? Looks like an entertaining watch!!
😂😂
That f-bomb made my day.
What did i miss ?
'Its getting hot in here'
this is how it started in mandibles...
View quoted note →That f bomb was terrific.
So who bought those 30 year T-bills?
(don't say primary dealers)
7:37
I like viewing original sources. The experience just can't be matched by being told about it.
"Just close the fucking door"
7:37 timestamp
😂😂😂 thanks for the update.. this is gentlemen
who were those kids ?
never mind - climate change protesters.
where is the Panama boomer when you need him ?
How’s Lionel? You should interview her again.
Wonder what the odds of a Mexican-American president are? Lowell=Krugman
GM
Didn’t follow 30yrs, but 10yrs were bad…but not as bad as the worst 10 days of this year.
Treasuries have been tanking like alt-coins most of this year, then the expected bounce off of 5% ceiling, but wow… that bounce didn’t last long and now its game on for the Fed to contain the rout.
The spin about the cyberattack is complete bullshit, imo.
If cyberattacks were a thing, they would have happened in non-pivotal moments in time.
Treasuries will be supported thru year end…but not much longer, imo. The Fed is done, but they have fumes in the tank.
lol 😂😂😂
DRINK!
Can't say I fully understand this, but I can understand that my bank if offering 11 month CD's at a higher rate than a 3yr CD. The longer the term, the lower the rate. That tells me they are begging for short term money.
💯 on 🎯
Seeing a lot more 'cyberattack' where once 'hack' would suffice
Looks like China closed the fucking door on USA's face!
Next year the problem will be blamed on Bitcoin.
🦗🦗🦗
I am from Yemen and the country does not support Bitcoin digital money. I am an artist and I have talents. I hope you will send me paper money. You are capable of this. I hope you will make me happy.💔💔
Ya Marwa, money won't make you happy if you ask me.
Or will it? how?
You are already on Nostr, I believe you are capable of doing a alot. How can the plebs help?
Anyone have a link to the live F-bomb?
For me, money will make me happy, and it is true that money is not everything, but I need to buy me some things because I am an artist and I deserve this.
Why don't you help me?
Next one is going to be btc is money for cyber terrorists
I tried. Good luck with your art is all I can say now. Nobody owes us anything for our talents or whatever it is we think we have.
If someone has something that they think has a demand, they better learn how to sell it should they are in need of money. They could also teach themselves how to deal with people by observing and understanding and having conversations. I think simply demanding vague help from strangers does not get us far. Worse, asking them for 'money'.
I wish you a better life and more constructive thoughts.
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