As Montgomery Scott Might Say:

Captain, I don't know how much more emergency power we can take before we start to break up.

Japan thinks it needs to devalue the yen some more.  That'll fix 'er.


On the Market Ticker's thread about today's elevated UI claims numbers, there is the following comment: 

Since 2010, a pattern has materialized. By some amazing coincidence, the data starts to soften and the Euro boogeyman comes back EVERY time the Treasury market starts to show significant weakness.

Just look at the past few weeks. The 10 year was threatening to break key technical resistance above 2.15, only to be saved by Cyprus, ****ing Cyprus? Are you kidding me?

This thing is being manipulated/rigged beyond the willingness or ability of most observers to comprehend. The US is the ultimate too big to fail, and everyone's in on the game.

The overall downward trajectory on long term money costs has to be sustained to keep the economy above water, and despite popular belief, the Fed cannot do it on its own.

10 year low yield of 2.31 in 2010, 1.73 in 2011, 1.43 in 2012. See a pattern?

Coming soon: 1% 10 year money.

European and Japanese central bank maneuvers serve to shore up the Fed.  The Fed returns the favor by showcasing a crisis whenever the euro or the yen start weakening excessively.  I'm sure it's just coincidence and not intentional collusion on the part of the various banking godfathers.  And, one could argue -- if one were as stupid as Paul Krugman -- that if Japan or Europe were to crash egregiously, the United States would be pulled down and the same is true of the opposite case.  So even if there is some behind-the-scenes colluding going on, it's really in everybody's best interests.

I think it's reasonable and even charitable to assume that the planners and manipulators are trying to engineer a glide path for the ultimate, unavoidable crash that does not resemble that of a brick tossed off the edge of the Grand Canyon.  Perhaps they think that, at the very least, we won't pick up too much speed in the last 100 feet or so.  By trying to provide a cushion for their banker-buddies, they think it will save civilization from utter destruction. 

If you are wondering, the cushion is being made out of the working class.

Anyway, as long as the media misdirections can be timed correctly, the illusion of mere stagnation can be maintained.