Ann: Investor Roadshow Presentation, page-169

The Fed might be considering raising rates next week by 25 basis points but since I first put up the chart below a bit over 2 months ago the effective yields on CCC or below junk bonds have gone from 14.28% to 17.24% (a gain of %2.96). This is heading well and truly into GFC blow up territory. Its all about the oil price now as I've been saying. This recent drop in the POO could shake things out faster than most people expect so the Fed crony futures market manipulators will need to act fast to pull the POO up to safer levels away from outright shale oil default/right down/right off territory. The US markets and the Fed can't let the POO slide further for fear of another meltdown so I'm thinking we will see a sharp upwards correction very soon sparked by the Fed crony market manipulators going on the bid and using up the energy that has been stored up like a spring by the overzealous speculators who have bought the false narrative spoon "Fed" to them by the by the same old suspects.

Time to buy IMO but if the bust does come and catches the Fed and everyone else by surprise then the rules all change for good and its anyone's guess. Everyone will need to figure it out for themselves if and when the tide goes out in a serious way.

Eshmun