User Profile

[Jeffa]

Turkish mortgage rates are 23%, yet cpi is a whopping 53%

It will be a very educational holiday but they seem to be surviving somehow, Im fascinated to find out what individuals did with their worthless Turkish lira, and have a cheap holiday of course....

[Jeffa]

I'll be in Turkey this September/October for a month, it will be interesting to spend some time with the locals to get an idea how they have lived through hyperinflation....

[Jeffa]

Your free to believe what central banks say

But I see it this way

What's the point in bringing down inflation, when the economy has collapsed

You can have all the low inflation you want with 20 to 50% unemployment, negative rates wouldn't fix this.

...

[Jeffa]

What are you buying and where? Based on discount but what about yield?

I think as more and more mortgage owners are coming off low fixd rates into 6's or 7's , there will be more pain to come.
market sentiment is dire atm and many are bailing out already so one can imagine the pain...

[Jeffa]

I'm confused Mcdee was Marama Davidson referring to these white people? Seem like harmless folks to me?...

[Jeffa]

Deutsche Bank in trouble
Janet Yellen in closed door meeting

Bond yields continue to fall.....

[Jeffa]

Who do you believe in this interview, a big U.S banker who takes his orders and toes the line from the Fed, or believe the market?...

[Jeffa]

Almost 400 billion printed in less than 2 weeks by the Fed, this will land on house prices in NZ....

[Jeffa]

...

[Jeffa]

Man I'm good, why pay for Tony Alexanders premium content when I explain what's going on and what's going to happen in a couple of short posts

Should we start charging for all this inside information Donna?

[Jeffa]

I don't agree on everything Peter Schiff says but he's spot on in this interview....

[Jeffa]

Did you notice The last part of the clip?

Just like in real life,

The money always finds its way back to the rich or the top 1%...


If the top 1% gave everyone in the world 10k today, it would eventually find it's way back to its original owner
...

[Jeffa]

The amount of lies that came out of Fed chair Jerome powell made me nauseous this morning

He blatantly lied in saying they hadn't started Q.E

Wtf? When is QE not QE?

It's all over there balance sheet ? They printed 300 billion to buy the bonds/securities from these...

[Jeffa]

He never had $100 in the first place

It was all a short term loan to get through the next phase or economic cycle

My point being, If the rich guy didn't show up, the whole system falls over, the rich guy represents the central banks, if they don't print money to by the debts...

[Jeffa]

Fed fund rate was raised to 5% this morning, the same as the global financial crisis.

J Powell said they didn't expect rates to be cut this year,

The market disagrees, and thinks J Powell is talking through a hole in his ass,(similar to politicians) just like the market disagreed...

[Jeffa]

Translated, the Fed is sending the world economy to hell, and the middle class with it.

Rates in the US are now what they were during the global financial crisis in 2008

This will not end well.....

[Jeffa]

Bill Ackman:

"Consider recent events impact on the long-term cost of equity capital for non-systemically important banks where you can wake up one day as a shareholder or bondholder and your investment instantly goes to zero. When combined with the higher cost of debt and deposits...

[Jeffa]

For those of you who don't understand how credit works in the economy and why cutting of credit and liquidity will always lead to a recession, and why the Fed/RBNZ will eventually cut rates

It involves a landlord, a carpenter, a prostitute and a hotel manager

If you can't keep...

[Jeffa]

-Bond market is pricing in rate cuts this year

-Bond market is always right

-Bond market is the largest market in the world

-All of us invest in the bond market through Super and kiwisaver


I continue to buy into this market....

[Jeffa]

Good to see you keeping up Mcdee

-This rate hike means nothing today

-The effects won't be felt for another year of this.25 hike.

-Markets pricing in Fed will cut rates as early as June
Why will they cut rates?

Because the U.S is on route to...