I've been head scratching on Pimco.
I noticed on the MEME repeat of the Bank Bear Raid a week ago, that the Pimco guy with the mustache Paul McCulley sounded like Yosemite SAM version of Jerry McGuire
SHOW ME THE MONEY
Then Bill Gross comes out...... Holly shit... First off he is trying to convince me that he watches Cramer, But that he is a fan. Apparently he then goes on Crazy money stop trading(hey I was watching tennis today) That is Gross was on Crazy Stop trading. And says he won't touch WFC Debt. Which... I called my broker and Yelled this afternoon that I couldn't get in on the offering.
My point is Bill is a Fucking Liar, and to say that he lives to sit through Lightning Round every day..... Well, That is just Fucking bullshit. I can put up with "The Two Corry's" and I can't last 2 minutes into lightning round.
Then I read Mish.... Ok, I think Mish is fucking crazy, and he and his money must be constantly parted. Especially after he called the "Short covering Rally" for 2 weeks in Financials, Then spent 2 weeks poking fun at people who think that "the dollar rally is a conspiracy".... Funny he doesn't get that the pathology of the two things is connected.
Mish makes a few good points, then runs off like a lunatic libertarian, goldbug.... I always want to tell libertarians, if there is no reason for intervention, then tell me the same thing next time you have to call the poilice, hospital, firman, or drive on a road. None of which would exist if it weren't for "government intervention".... or is this just "intervention when you are short the market".
But yes, I don't get what pimco did, and what they want treasury to do. Fanny and Freddy are screwed, or they aren't. and if Rates have to go to 8%, that just is... and maybe that is what Pimco is afraid of, all the bonds that will be worth-less if Fanny freddy debt goes to 6%.
But let me just say.... I don't fucking get it... Why did pimco buy stuff, assuming that treasury would buy them.....
Ok..... The real question is..... Is pimco in "Fear" or Despair or maybe "Aversion"... after it's bond bottom picking Or did they just make a huge mistake......
and mish.... in some kind of Bearish 350 orgasm of greed... or nanny nanny billygoat... I'm right, financial Armageddon is here...
or not
I have to make another note.... McCully calls inflation hawks "nutters, in the same paragraph that he also says "The fed needs to open up it's wallet and take us to dairy queen"..... I'm sorry I think I missed it, Who is a nut?
SHOW ME THE MONEY
Then Bill Gross comes out...... Holly shit... First off he is trying to convince me that he watches Cramer, But that he is a fan. Apparently he then goes on Crazy money stop trading(hey I was watching tennis today) That is Gross was on Crazy Stop trading. And says he won't touch WFC Debt. Which... I called my broker and Yelled this afternoon that I couldn't get in on the offering.
My point is Bill is a Fucking Liar, and to say that he lives to sit through Lightning Round every day..... Well, That is just Fucking bullshit. I can put up with "The Two Corry's" and I can't last 2 minutes into lightning round.
Then I read Mish.... Ok, I think Mish is fucking crazy, and he and his money must be constantly parted. Especially after he called the "Short covering Rally" for 2 weeks in Financials, Then spent 2 weeks poking fun at people who think that "the dollar rally is a conspiracy".... Funny he doesn't get that the pathology of the two things is connected.
Mish makes a few good points, then runs off like a lunatic libertarian, goldbug.... I always want to tell libertarians, if there is no reason for intervention, then tell me the same thing next time you have to call the poilice, hospital, firman, or drive on a road. None of which would exist if it weren't for "government intervention".... or is this just "intervention when you are short the market".
But yes, I don't get what pimco did, and what they want treasury to do. Fanny and Freddy are screwed, or they aren't. and if Rates have to go to 8%, that just is... and maybe that is what Pimco is afraid of, all the bonds that will be worth-less if Fanny freddy debt goes to 6%.
But let me just say.... I don't fucking get it... Why did pimco buy stuff, assuming that treasury would buy them.....
Ok..... The real question is..... Is pimco in "Fear" or Despair or maybe "Aversion"... after it's bond bottom picking Or did they just make a huge mistake......
and mish.... in some kind of Bearish 350 orgasm of greed... or nanny nanny billygoat... I'm right, financial Armageddon is here...
or not
I have to make another note.... McCully calls inflation hawks "nutters, in the same paragraph that he also says "The fed needs to open up it's wallet and take us to dairy queen"..... I'm sorry I think I missed it, Who is a nut?
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