KTFA:
BACKDOC: LET ME INTRODUCE GLOBAL CONVERGENCE
GOOD EVENING FAMILY IT’S NICE TO BE WITH YOU TONIGHT. THERE SEEMS TO BE A NICE CONVERGENCE BEGINNING TO APPEAR FOR MID MONTH.
1. FIRST THE BILDERBERG GROUP IS MEETING IN SECRET ON THE 9TH THROUGH THE 12TH.
2. THE TARIFFS GET IMPLEMENTED ON THE BORDERS ON THE 15TH IN IRAQ!
3. THE LOAN IN IRAQ WITH THE IMF IS IMPLEMENTED ON THE 15TH!
4. THE FED MEETS ON THE 14TH AND 15TH. MMMM
....
BACKDOC: LET ME INTRODUCE GLOBAL CONVERGENCE
GOOD EVENING FAMILY IT’S NICE TO BE WITH YOU TONIGHT. THERE SEEMS TO BE A NICE CONVERGENCE BEGINNING TO APPEAR FOR MID MONTH.
1. FIRST THE BILDERBERG GROUP IS MEETING IN SECRET ON THE 9TH THROUGH THE 12TH.
2. THE TARIFFS GET IMPLEMENTED ON THE BORDERS ON THE 15TH IN IRAQ!
3. THE LOAN IN IRAQ WITH THE IMF IS IMPLEMENTED ON THE 15TH!
4. THE FED MEETS ON THE 14TH AND 15TH. MMMM
....
5. THE PANAMA CANAL REOPENS THIS MONTH ON THE 26TH, READY FOR DOUBLING THE SHIPPING AND TRADE CAPACITY WITH SUPER TANKERS!
6. ANOTHER INTERESTING THING TO NOTE IS THAT THE U.S. IS SENDING ANOTHER NAVAL FLEET TO THE MEDITERRANEAN.
IS THIS SIMPLY A REPLACEMENT FOR HELD OVER DUTY FOR THE FIRST FLEET, OR IS IT INTENTIONAL TO HAVE A SECOND FLEET AVAILABLE IF TROUBLE ARISES THERE?
MMMM EITHER WAY THE TIMING IS PLANNED! LOL WHAT’S INTERESTING IS THAT IT TAKES AROUNDS 7 TO 10 DAYS FOR ARRIVAL PER PAPAJ!
**************
Thunderhawk: 3 Backdoc Alerts
1. Chicago Water District Sells Bonds as Pensions Cost It AAA Grade
Chicago’s pension holes are so deep they’re even tainting the water.
The Metropolitan Water Reclamation District of Greater Chicago sold $427 million of bonds on Monday, paying a top yield of 2.86 percent on securities due in 2045, or 0.42 percentage point more than top-rated securities, according to data compiled by Bloomberg.
The sale was the district’s first since the loss of its AAA ranking from S&P Global Ratings last month because of the financial squeeze underfunded retirement plans are putting on governments in northern Illinois. The district, an independent agency that now carries S&P’s second-highest rating, manages wastewater treatment for Chicago and most of Cook County, both of which owe billions to their workers’ pensions.
“No borrower in the state can escape the pension talk,” Adam Buchanan, senior vice president of sales and trading at Ziegler, a broker-dealer in Chicago. Even so, he said, “it’s obviously the strongest credit in Chicago because of the revenue stream that it leverages.”
http://ift.tt/21bvDUZ
2. BlackRock Calls For a Muni Market Strike in Budgetless Illinois
For years, Illinois has found the municipal-bond market open whenever it needs to raise money, despite budget deficits, worst-in-the-nation pension shortfalls and a political paralysis so severe it’s headed for a second year without even a blueprint for what it should be spending.
It’s about time to shut the doors on the state, says BlackRock Inc., the world’s largest money manager.
“We as municipal market participants should really be penalizing in some way, by almost not giving them any access to the market,” Peter Hayes, who oversees $119 billion as head of munis at BlackRock, said in New York on Wednesday. “Think about it -- they’re a state without a budget, they refuse to pass a budget, they have the lowest funded ratio on their pension of any state, and yet they’re going to come to market and borrow money.”
http://ift.tt/1Y9mgpD
3. Gross Says Negative Rates Are Like ‘Supernova’ That Will Explode
Bond Fund, warned central bank policies that pushed trillions of dollars into bonds with negative interest rates will eventually backfire violently.
“Global yields lowest in 500 years of recorded history,” Gross, 72, wrote Thursday on the Janus Capital Group Inc. Twitter site. “$10 trillion of neg. rate bonds. This is a supernova that will explode one day.”
A supernova is a star at the end of its life that suddenly increases greatly in brightness because of a catastrophic explosion that ejects most of its mass.
Gross has argued for some time that the economy is at the end of a decades-long cycle of expanding credit that has culminated in negative interest rates, a situation he said is unsustainable. Rather than spurring economic growth, low rates are promoting asset bubbles as investors reach for higher yields while punishing individual savers and industries that rely on interest rates, such as bank and insurance companies, according to Gross
http://ift.tt/1WGGGqJ
BACKDOC: THE LOWEST GLOBAL YIELDS IN 500 YEARS? SERIOUSLY? HOLY CENTURIES BACKMAN!
YES THUNDER WE ARE WITNESSING THE END OF ERA! WE ARE IN A CREDIT BUBBLE THAT WON'T END WELL FOR CREDITORS IMO!
DEBT GETS MAGNIFIED IN A DEFLATIONARY ENVIRONMENT AND WILL DRIVE THOSE IN DEBT TO INSOLVENCY.
WHEN NO ONE IS LEFT TO BUY DEBT TO KEEP THE SCHEME GOING WE WILL SEE THINGS UNWIND VERY QUICKLY!
WHEN CHRISTINE LEGARDE RECENTLY SAID THAT THE IMF WAS ON ALERT BUT NOT ALARM SHE WAS PREPARING TO SEE THINGS GO TO ALARM STATUS OTHERWISE WHY EVEN BRING UP THE TERM! IMO
ILLINIOS HAS A SERIOUS DEBT CRISIS BREWING AND WHEN THEIR DEBT SALES GETS CUT OFF DUE TO LACK OF BUYERS LOOK OUT! I THINK WE ARE NOW BEGINNING TO SEE THE BEGINNING OF THE END FOR THE CREDIT BUBBLE!
THIS REMINDS ME OF THE COMEDY SONG ON HEE HAW I BELIEVE, "GLOOM, DESPAIR , AND AGONY ON ME!", UNFORTUNATELY ITS NOT FUNNY!
A SUPERNOVA IS ABOUT TO EXPLODE, CAUSING DEBT BUYERS TO DRY UP! WHEN NO ONE IS WILLING TO OFFER CREDIT IT'S TIME FOR A MELTDOWN!
THERE ARE ONLY 2 THINGS THAT WILL HELP THIS SITUATION:
1. DEBT FORGIVENESS
2. EMERGING COUNTRY CURRENCY RV'S
THE TRANSITION FROM MONOPOLY MONEY TO ASSET-BACKED MONEY IS UNDERWAY IN MY OPINION!
THE NEW REALITY WILL NEED SOME SORT OF ENTRANCE SOON! MAYBE MID-MONTH WE WILL SEE IT? MMMM
8@8, DOC IMO
Thunderhawk: Backdoc Alert
Panama Canal is about to transform world trade again
A century after transforming global trade and markets, the Panama Canal is about to revamp world trade once again. On June 26 the canal is scheduled to reopen after a massive project costing more than $5 billion that will allow bigger ships to pass through the 102-year-old waterway, doubling cargo capacity.
U.S.-based businesses are recognizing the new growth opportunities. Many logistics experts predict the expansion of the so-called Panamex may shift international trade routes, allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than going east through the Suez Canal.
In anticipation, companies have transformed their infrastructure and increased foreign operations. According to the Bank of America Merrill Lynch 2016 CFO Outlook, 61 percent of companies report they will have some foreign market involvement this year, with 48 percent buying from foreign markets, 41 percent selling to foreign markets and 21 percent having operations outside the United States.
Companies must understand that the Panama Canal will affect more than the speed of shipments from city to region, to West to East coasts or across the globe. Whether it's a major Florida port, a small transportation company or a perishable-cargo handling company, businesses should buckle up for the significant changes that will come with the new and improved Panama Canal.
http://ift.tt/1UiBTJQ
BACKDOC: AHHHH ISN'T THIS SWEET? THUNDER WE TALKED ABOUT THIS ABOUT ABOUT TWO YEARS AGO! REMEMBER YOU SAID THEY WERE ADDING ON TO YOUR PORT IN SOUTH CAROLINA? MMMMM
THUNDER I HATE BEING WRONG MORE THAN I LOVE BEING RIGHT!
GLAD WE GOT THIS RIGHT BROTHER! NOW IT'S TPP GAME TIME!
DONE JUST IN TIME FOR CONTRACTS TO MARGINALIZE CHINA AND CONTROL BLACK GOLD PRICES GLOBALLY AS THE NEW RESERVE CURRENCY "SDR".
DOC IMO
Panama Canal is about to transform world trade again
A century after transforming global trade and markets, the Panama Canal is about to revamp world trade once again. On June 26 the canal is scheduled to reopen after a massive project costing more than $5 billion that will allow bigger ships to pass through the 102-year-old waterway, doubling cargo capacity.
U.S.-based businesses are recognizing the new growth opportunities. Many logistics experts predict the expansion of the so-called Panamex may shift international trade routes, allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than going east through the Suez Canal.
In anticipation, companies have transformed their infrastructure and increased foreign operations. According to the Bank of America Merrill Lynch 2016 CFO Outlook, 61 percent of companies report they will have some foreign market involvement this year, with 48 percent buying from foreign markets, 41 percent selling to foreign markets and 21 percent having operations outside the United States.
Companies must understand that the Panama Canal will affect more than the speed of shipments from city to region, to West to East coasts or across the globe. Whether it's a major Florida port, a small transportation company or a perishable-cargo handling company, businesses should buckle up for the significant changes that will come with the new and improved Panama Canal.
http://ift.tt/1UiBTJQ
BACKDOC: AHHHH ISN'T THIS SWEET? THUNDER WE TALKED ABOUT THIS ABOUT ABOUT TWO YEARS AGO! REMEMBER YOU SAID THEY WERE ADDING ON TO YOUR PORT IN SOUTH CAROLINA? MMMMM
THUNDER I HATE BEING WRONG MORE THAN I LOVE BEING RIGHT!
GLAD WE GOT THIS RIGHT BROTHER! NOW IT'S TPP GAME TIME!
DONE JUST IN TIME FOR CONTRACTS TO MARGINALIZE CHINA AND CONTROL BLACK GOLD PRICES GLOBALLY AS THE NEW RESERVE CURRENCY "SDR".
DOC IMO
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