Greek 1-Year Bond Hits 151%!

October 10, 2011 By 7 Comments

The Greek 1-Year bond has just passed 150%. 
We have stated numerous times that the US is Greece X 100.  The Fed will be unable to keep 10- year treasury rates under 2% forever.  The market will eventually puke and FORCE interest rates higher.  Can you imaging what this will mean for the US housing market, and economy in general?  The US is falling back into recession w/ nominal rates near 0!

Summary One-Year Chart INTERACTIVE CHART
Value 151.20 One-Year Chart for Greece Govt Bond 1Year Yield (GGGB1YR:IND)
Change 7.078 (4.911%)
Open 149.12
High 151.20
Low 141.22

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Comments

  1. Anonymous says:
    October 10, 2011 at 1:47 PM

    But wait, Sarkozy and Merkel have a miracle plan to solve everything but they are going to keep it a secret for another three weeks! You can't make this stuff up.,.. LOLOL

  2. Joe says:
    October 10, 2011 at 2:34 PM

    In reality, we have been in a stealth depression for a decade as can be seen in this GDP chart from ShadowStats.

    http://www.shadowstats.com/alternate_data/gross-domestic-product-charts

    What we have had was an illusion of growth fueled by a massive debt orgy. Case in point is the largest retailer in the land, Wal-Mart, whose chart is flatline or no growth since 2000.

    http://finance.yahoo.com/echarts?s=WMT+Interactive#chart1:symbol=wmt;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

  3. Pat Fields says:
    October 10, 2011 at 2:43 PM

    HAAAAAhahahahaha … HAAAAAAAAAAhahahahaha

  4. Tony says:
    October 10, 2011 at 2:44 PM

    ^^^ What he said LOL!!!

  5. Anonymous says:
    October 10, 2011 at 2:57 PM

    You cant blame the Europeans to continue to stall with the same old "imminent plan to save the banks" routine. As long as the sheeple buy it, they will keep selling it!

  6. Falcon15 says:
    October 10, 2011 at 3:32 PM

    But, but, but…they TOLD us the Greek Bonds were a GOOD investment! Next you are going to tell me US Treasuries are garbage too. Yeah, right. /sarc

  7. Anonymous says:
    October 10, 2011 at 6:09 PM

    I don't really buy your assertion that US interest rates will go higher. The Fed's plan is to transfer ownership of the long end of the curve into "domestic" hands. The Fed can buy up as much of the $9T US debt as neccessary to keep rates low (a future rate shock is what the Fed is taking off the table w/ their Twist operation). I believe it is the dollar that will ultimately bear the brunt of the policy action and continue lower, lower and this to is what Gov / Fed want to inflate away unpayable debts.

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