Long Predicted End of the Mutant Asset Bubble
June 10, 2015 8:34 AM - dibs
It's just not coming to pass. The Fed has been indicating, ad infinitum, that rates will rise. The market took 10 year and 30 year rates up over the past week or so all to no real deleterious effect. Sure, REITs and utilities and other interest sensitive securities have sold off but hardly a crash.

And now, with rates having risen, as I always predicted, both mortgage and refi applications are soaring…

http://www.cnbc.com/id/102746711

Discuss if you are not banned.

14 comments
June 10, 2015 8:41 AM - Deleted
I understand maybe 5% of what you wrote.
#1
In reply to Deleted
June 10, 2015 8:48 AM - dibs
You got a fixed rate mortgage, right. Some fucktards have been predicting that you would have a problem when rates rose. They are just dumbass fucktards.
#2
June 10, 2015 9:46 AM - DeadCatBounce
When Fed raises rates, that will be seen as a positive sign, because the economy is picking up. Stock market will go up as well.
When everybody is saying what a great job the Fed did, and how wonderful the economy is, and is a stock expert: That's the time to run for the hills.
#3
June 10, 2015 10:01 AM - dibs
And you get stock ideas from your Uber driver. LOL
#4
June 10, 2015 10:07 AM - DeadCatBounce
That nuclear blast just doesn't have the same impact since the What got sent to the Island of Intolerance.
#5
June 10, 2015 10:09 AM - Deleted
Dave's blog ain't no where as fun without the what. Am I the only one who feels this way?
#6
June 10, 2015 10:43 AM - Deleted
No cv you aren't alone but there are other reasons for less fun here. I personally never want to see what again
#7
June 10, 2015 10:43 AM - Deleted
Plus the what wasn't around for like 3 years and no one missed him.
#8
June 10, 2015 7:09 PM - More4Less
guess I don't need the anus brace kit. who wants it for other reasons? you can pick it up. I didn't use it.
#9
June 10, 2015 7:36 PM - petebklyn
not just The What saying things like that...even mainstream articles:
http://www.msn.com/en-us/money/markets/get-ready-for-a-4000-point-dow-drop/ar-BBkUuXt
#10
June 10, 2015 7:38 PM - petebklyn
I have no ideas for dinner tonight and did not go shopping. Could end up being burrito or sushi. we'll see what someone else says.
#11
In reply to petebklyn
June 10, 2015 7:49 PM - DeadCatBounce
Yes Pete, even "mainstream" experts can be wrong.

#12
June 11, 2015 6:53 AM - sixyearsandcounting
There is an employee here named Twinkle Pinto.
#13
June 11, 2015 12:07 PM - DeadCatBounce
Interesting but seemingly unrelated to the mutant asset bubble.
Are you prepared to write a journal article contrasting and comparing Twinkle Pinto and economic hollocaust?
#14