Old Project Avalon Forum (ARCHIVE) - View Single Post - BOB CHAPMAN C2C Interview 8/1/2009 Economy Collapse

peaceandlove · 08-02-2009, 05:21 AM

Bob Chapman's most recent forecast:

Follow The Economic Failures To Fix The Mess

Bob Chapman
Posted: August 1 2009

More pressure on the dollar, weaker and weaker treasury auctions, large majority in favor of auditing the Fed, electric car from China to hit US next year, Wall Street resists increased transparency even now, Higher prices for oil eventually

On Wednesday the Treasury’s five-year auction yield was 2.69% with 21.15% allotted at the high and bid to cover was 1.92 to 1. The average of the past ten auctions has been 2.20%. Indirect, central bank participation was 35.7% versus an average of 36.8%. Overall that was weak demand. Do not forget the Treasury has to raise $2 trillion by 9/30/09.

The result of these mediocre to poor auctions has to be more pressure on the dollar, as budget deficits continue to widen.

Mortgage applications fell for the first time in four weeks, driven by a drop in demand for refinancing loans. Both purchase and refi loans fell 6.3%.

This is an early appraisal of the Chinese visit to Washington. There is no question the Chinese have the Illuminists stymied. The big question is has China demanded the rest of our high technology expertise that Bill Clinton was unable to deliver to them? Or have they pledged government properties to the Chinese?

Unadjusted yoy labor Department jobless claims are up 35%.

Commercial paper outstanding fell by $27.6 billion to $1.066 trillion outstanding from $1.093 trillion the prior week. In August it was $2.2 trillion. Asset backed CP outstanding rose $900 million to $437.8 billion, after falling $4.6 billion the prior week.

The Treasury’s borrowing needs have been exploding and the auctions are getting progressively weaker. This presents a serious problem for the dollar.

Continues: http://www.theinternationalforecaste...o_Fix_The_Mess

08-02-2009, 05:21 AM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	*Re: BOB CHAPMAN on C2C at 2:00 AM Eastern tonight* Economy Collapse Bob Chapman's most recent forecast: Follow The Economic Failures To Fix The Mess Bob Chapman** Posted: August 1 2009 More pressure on the dollar, weaker and weaker treasury auctions, large majority in favor of auditing the Fed, electric car from China to hit US next year, Wall Street resists increased transparency even now, Higher prices for oil eventually On Wednesday the Treasury’s five-year auction yield was 2.69% with 21.15% allotted at the high and bid to cover was 1.92 to 1. The average of the past ten auctions has been 2.20%. Indirect, central bank participation was 35.7% versus an average of 36.8%. Overall that was weak demand. Do not forget the Treasury has to raise $2 trillion by 9/30/09. The result of these mediocre to poor auctions has to be more pressure on the dollar, as budget deficits continue to widen. Mortgage applications fell for the first time in four weeks, driven by a drop in demand for refinancing loans. Both purchase and refi loans fell 6.3%. This is an early appraisal of the Chinese visit to Washington. There is no question the Chinese have the Illuminists stymied. The big question is has China demanded the rest of our high technology expertise that Bill Clinton was unable to deliver to them? Or have they pledged government properties to the Chinese? Unadjusted yoy labor Department jobless claims are up 35%. Commercial paper outstanding fell by $27.6 billion to $1.066 trillion outstanding from $1.093 trillion the prior week. In August it was $2.2 trillion. Asset backed CP outstanding rose $900 million to $437.8 billion, after falling $4.6 billion the prior week. The Treasury’s borrowing needs have been exploding and the auctions are getting progressively weaker. This presents a serious problem for the dollar. Continues: http://www.theinternationalforecaste...o_Fix_The_Mess Last edited by peaceandlove; 08-06-2009 at 09:07 AM.