Market-Ticker - The Market Ticker

2017-06-21 12:28 by Karl Denninger
in Interviews , 142 references

Go over on over and have a look at both my view and those of a few others..

My central point was this, which is what I've said for a long time (and made quite-clear in Leverage as well):

When you underprice a loan (or overpay for a bond -- same thing) the loss happens at that instant. You can shift who eats the loss down the road, but you can't unbreak the egg.

As such "unwinding" QE and its unwind is an amusing exercise because it simply transfers the when and who on the bad transaction -- but doesn't "undo" it -- because it can't.

View this entry with comments (opens new window)

Main Navigation

MUST-READ Selection:
The Bill To Permanently Fix Health Care For All

Full-Text Search & Archives

Archive Access

Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.