LIBOR6500兆円の衝撃・債券市場の恐怖

(ブルームバーグ): ヘッジファンド投資家のマイケル・バーリ氏は、「かなり」ショートにしたポジションを積み上げたとし、新型コロナウイルスの世界的流行でリスク資産が急落する中でそれがうまく機能していると述べた。パンデミックが世界経済に打撃を与え、パッシブ投資から資金が一斉に流出するとの見通しも示した。
2008年の金融危機より前に住宅ローン証券を空売りし、マイケル・ルイス氏の著書「世紀の空売り」で取り上げられ有名になったバーリ氏は、今見られる市場の波乱はパッシブ投資の「バブル」を破裂させる可能性があると重ねて指摘した。同氏は昨年8月からこれを警告してきた。11年にわたって大型株の強気相場を支えてきた中央銀行が景気刺激策を講じても、パンデミックに対してはあまり効果がないと同氏は指摘した。
同氏は電子メールでのインタビューで、「かなり弱気なポジションを積み上げており、今のところうまくいっている」と述べた。取引内容やポジションの詳細には触れなかった。「パンデミックは間違いなく、パッシブ投資バブル巻き戻しの引き金になり得る。COVID19についてのヒステリーは現実よりも悪いように私には見受けられるが、一斉売りが起こった後では、それを引き起こしたものが正しかったかどうかは問題ではない」と語った。
新型コロナが世界的な株と社債の売りを引き起こした後、一部のパッシブ投資商品からは資金が流出している。
各国政府や中銀は感染拡大の影響を緩和する景気対策を打ち出しているが、MSCIオールカントリー・ワールド指数は12日、2月に付けた高値からの下落率が20%を超えた。
バーリ氏はさらに、新型コロナが「どれくらい続くか誰にも分からない。従って売りには正当な理由がある」とした上で、「株価が上昇していること、そして中銀がいつでも売りにブレーキをかけられることを理由に株を買っていたならば、その前提条件はもはや無効だ」と指摘した。
一方で同氏は、現在の混乱で不当に打撃を受けた小型株の特定に力を入れており、新型コロナのショックはいずれは薄れ、今月の原油価格急落に助けられた企業や消費者もいるはずだと述べた。「将来的には」ショートポジションを解消し、株式に資金を戻すつもりだという。
ただ、今のところは痛みが最大限に達したという兆候はほとんど見られないとも指摘。「激しい売りだが、まだ十分な時間がたっていないために押し目買いを狙う心理は完全に消えてはいないようだ。しかし、市場の恐怖心はウイルスへの恐怖心と並行しており、2つのセットは市場センチメントに毒性の作用がある」と語った。
文藝春秋・マイケルルイス著「世紀の空売り」。
何度も繰り返し読む最高の一冊である。
サブプライムモーゲージ債の誕生から破綻、リーマンショックに至るまでのウォール街の趨勢を描き切った一冊である。
主役は医師で相場師のマイケルバーリと、怒れる投資家スティーブアイズマン。
二人は同時に人気商品であったサブプライムモーゲージ債の大暴落を見抜いた。
マイケルバーリは暴落に備える保険商品・CDSを編み出した主役である。
マイケルバーリは11年後の大暴落相場で再び勝つ。
物語は続いていたのだと感慨深い。
サブプライムモーゲージ債はサブプライムローンから「ローンを貸し付けた権利」を商品化して創り出された仕組み債である。
11年後、企業にカネを貸し付けるレバレッジドローンから創造された仕組み債・コラタライズドローンオブリゲーションCLOを債券市場の危険物として警戒している。
日本の金融機関はCLOを30兆円所有している。
今回の大暴落でCLOは幾ら棄損されただろうと案じている。
LIBORの衝撃ニュースが飛び込んでくる。
LIBOR廃止問題、世界の金融取引の指標として幅広く利用されるロンドン銀行間取引金利(LIBOR)の公表が停止される問題。
停止されるのは来年の予定である。
[東京 13日 ロイター] – ロンドン銀行間取引金利(LIBOR)を参照した融資契約や債券発行、デリバティブの想定元本が計6500兆円にのぼることがわかった。金融庁と日銀が国内金融機関278社を対象にした調査で判明した。2021年末のLIBOR廃止に備えた対応は急務で、金融庁・日銀は、立ち入り検査を伴う「オンサイト」モニタリングも辞さない構えだ。
日本の金融機関にLIBORから創造された融資契約・債権・金融派生商品デリバティブが6500兆円存在する。
金額だけでもLIBORはCLOの200倍である。
今のペースで債券市場が崩壊していけばLIBORは、どのように爆発するのか。
今年の債券市場の爆発はリーマンショックの10倍から100倍と言われてきた。
LIBORは爆弾の本命である。
個人投資家へ。
大底・セリングクライマックス・大暴落など、まだまだ先である。
落ちてくるナイフを掴むな。
身を護って欲しい。
(ブルームバーグ): 経済の先行きへの手掛かりを得ようと何年も前までさかのぼって株価動向を調べても、何も分からないものだ。しかし、米国株の指標が弱気相場に入った場合の話は別だ。
S&P500種株価指数が弱気相場の目安となる直近高値からの下落率20%以上を記録したケースは過去93年間に13回あるが、それから1年以内に米経済が縮小しなかったのは1987年と1966年の2回だけだ。また、この期間に見られた14回のリセッション(景気後退)局面で、弱気相場を伴わなかったのは3回にとどまる。
S&P500は12日、9.5%安と1987年のブラックマンデー(暗黒の月曜日)以来の大幅下落となり、過去最長の強気相場に終止符が打たれた。スポーツイベント自粛や移動制限が世界で広がる中で、新型コロナウイルスへの政策対応が経済への打撃を補いきれないとの不安が市場で強まっている。
株式市場は経済と同じではないとよく言われるが、今回のような場合は当てはまらない。市場をこれだけ激しく打ちのめす力の強さと株価値下がりが消費者心理に与える影響が理由だ。それに市場が警鐘を鳴らすのは、経済成長がマイナスになるかなり前の場合が多い。
JPモルガン・チェースのジョン・ノーマンド氏によると、あらゆる金融資産の市場はリセッションが起きる確率を80%織り込んでいる。シカゴ・オプション取引所(CBOE)のボラティリティー指数(VIX)は2008年以来の高水準に上昇。激しい相場変動や市場の取引停止がまれな事態でなくなる状況にあって、投資家は先行きを疑問視している。
ロイトホルト・グループのダグ・ラムジー最高投資責任者は株価下落について、厳しい成長見通しを反映しているだけでなく、国内の景況感と支出にも影を落とす恐れがあるとみている。同社は先週、株式投資を縮小した。
ラムジー氏は顧客向けリポートで、「脆弱(ぜいじゃく)な消費者信頼感と企業景況感は8-10%という緩やかな相場下落でも痛手を受けかねず、最終的にリセッションにつながるとわれわれは何カ月も前から警告してきた。この相場低迷は、過去最長の景気拡大に最後のとどめを刺す可能性が高い」と指摘した。
[サンフランシスコ 12日 ロイター] – 12日の米株式市場は約30年ぶりの大幅な下落率を記録した。新型コロナウイルスの感染が「パンデミック(世界的な大流行)」となる中、世界的リセッション(景気後退)への懸念が広がった。投資家たちは、相場が今後どこまで下落するのか見当もつかず、茫然とするばかりだ。
S&P500種指数はこの16営業日で約27%下げ、ポートフォリオは壊滅状態。プロスポーツの試合中止、会議の取りやめ、がらがらのレストランが、不安心理に一段と拍車をかけている。投資家が心配しているのは、過去最長の米景気拡大が終わりつつあるのか、ではなく、今や現実味を帯びるリセッションがどの程度深刻なものになるのかだ。
サンライズ・キャピタル・パートナーズのクリストファー・スタントン最高投資責任者(CIO)は「2008年よりひどい。(対米同時攻撃が起きた)9月11日よりも悪い。私は1993年にこの業界に入ったが、これほどパニック状態の市場は経験したことがない」と話す。「人々はただ、憶測に振り回されて取引している感じだ」という。
ダウ平均株価の10%下落、S&Pの9.5%下落は、ともに1987年以降で最大の下落率だ。1987年10月19日の「ブラックマンデー」には、ダウは22.6%安と、過去最大の下落率を記録した。
米国株式市場はこの10年、何度か調整に見舞われたものの、ほぼ一貫して上昇基調にあった。こうした市場に慣れた投資家にとって、今回の株下落の速度と大きさはショック以外の何物でもなかったようだ。
ダイヤモンド・ヒル・キャピタル・マネジメントの債券ポートフォリオマネジャー、ジョン・マックレイン氏は「乗り遅れることへの懸念が、未知への恐怖に変わった。こんな状況はこれまでに経験したことがない」と語った。
リフィニティブ・データストリームによると、今回の急落の結果、S&P500構成銘柄の予想利益を基にした株価収益率(PER)は16倍を割り込み、2019年初頭以来の低水準となった。ただし、新型コロナの影響で、企業業績は今後、大幅に悪化することが見込まれる。
ビスポーク・インベストメント・グループはリポートで「リセッション入りがほぼ確実となり、S&Pがきょう弱気相場の領域に入る中、問う意味のある質問は、どの程度織り込み済みなのかだ」とする。
こうした不透明感を反映し、投資家の不安心理を示すシカゴ・オプション取引所(CBOE)のボラティリティー・インデックス(VIX指数)<.VIX>は12日、1日としては過去最高の上昇を記録した。
インバネス・カウンセルの首席投資ストラテジスト、ティム・グリスキー氏は「問題なのは経済ではなく、新型ウィルスとそれが引き起こしているパニックだ」と話す。「私は、こうしたパニック状態は行き過ぎだと考えているが、人々が恐慌に陥るのを止めることはできない」。
トーレーダらは、米連邦準備理事会(FRB)が新型ウイルスの問題に対応するため、来週の米連邦公開市場委員会(FOMC)で再び積極的な利下げを行うと予想する。FRBは先週、50ベーシスポイント(bp)の緊急利下げを行ったが、市場の鎮静化には成功しなかった。
ダイヤモンド・ヒル・キャピタル・マネジメントのマックレイン氏は「財政政策と金融政策の協調が必要。人々はプランがあることを知る必要がある」と指摘した。
こんな経済状況なのに阿保のトランプは、イラクでテロとの戦争を開始する。
何の為にアフガンから撤退したのか。
大統領がレイシストならKKK団・ネオナチの輩が勢いづく。
ヒトラーの「ドイツ第三帝国の野望のからくり」が現在アメリカから伺える。
総統・大統領のレイシズム・ヘイトクライムが国民に伝染するのだ。
権力者の行動コントロール・マインドコントロールである。
洗脳より悪質な疫病である。
[ワシントン 12日 ロイター] – 米国防総省は12日、イラクにある親イラン武装勢力「カタイブ・ヒズボラ」の武器貯蔵施設5カ所に対し、「防御的な精密攻撃を行った」と発表した。イラクでは11日、バグダッド北方にある基地へのロケット弾攻撃で米軍兵士2人と英軍関係者1人が死亡した。
国防総省は声明で「これらの武器貯蔵施設には、米軍や連合軍を標的にするために使用された武器の貯蔵施設が含まれる」とし、米国による攻撃は「防御的かつ相応で、イランの支援を受けるシーア派武装組織がもたらす脅威に直接対応するものだ」と説明した。
米軍は今回の空爆で何人が死亡したかは明らかにしていない。米軍が1月に殺害したイラン革命防衛隊のソレイマニ司令官のような高官が攻撃を受けたとの情報はない。
エスパー米国防長官は、必要であれば再び対応すると表明。「イラクと中東に駐在する我々の軍隊を守るため必要な措置を講じる」と述べた。
米軍がカタイブ・ヒズボラを攻撃するのはここ数カ月で3度目。昨年12月には、イラクの基地への攻撃で米国人1人が死亡したことを受けて、20人以上の戦闘員を殺害した。
米軍は1月のドローン攻撃で、ソレイマニ司令官とともにカタイブ・ヒズボラの創設者アブ・マフディ・アルムハンディス氏も殺害している。
イラク軍は、米軍がイラクの4カ所を空爆したと発表した。
ニューズウィーク。
<カリフォルニア、ワシントンの銃器店には通常の10倍のアジア系住民が銃を買い求めて来店>。
新型コロナウイルスの感染拡大がアメリカでも深刻化する中、人種偏見による攻撃から身を守るために、多くのアジア系住民が銃を買い求めている。
ロサンゼルス近郊のサンガブリエルバレーで、銃器店「アルカディア・ファイアアーム&セイフティ」を経営するデビッド・リウは、店を訪れる客がここ数週間、普段の10倍になったと話している。
「まったくイカれている。3月3日と4日には、50人以上の客が来店して、(カリフォルニア州の)銃所持許可試験を受けて銃を買って行った。こんな小さな店では本当に異常なことだ」と、リウは本誌の取材に答えた。「どの客も、メディアが『アジア系、中国系は攻撃対象にされる』と言うので来ている」。
昨年12月に中国・武漢で新型コロナウイルスの発生が確認されて以降、アメリカではすでに何人かのアジア系住民がヘイトクライム(憎悪犯罪)の対象になっている。
3月前半には、ニューヨークの地下鉄車内で、アジア系男性が他の乗客の男から消臭スプレーを吹きかけられた。男は「彼が私のすぐ隣に立っているからだ。離れろと言ってくれ」と叫び、ウイルスに空気感染するのを嫌がっている様子だった。
2月には、やはりニューヨークの地下鉄構内で、マスクを着けていたアジア系女性が暴行を受ける、ヘイトクライムと見られる犯罪が起きている。
<「今こそ武器を手にするとき」>。
カリフォルニアの銃器店「アルカディア」は、アジア系アメリカ人が多く暮らす地域に店を構えている。
店の客の1人ダーク・チャンは、地元テレビ局の取材に、「(今が)まさに自分たちを守る武器を手にするときだ」と答え、以前だったら妻が銃を家には持ち込ませなかっただろう、と話した。「妻は、新型コロナウイルスの感染拡大を少々恐れている」。
リウは、地元社会のパニックは、全米のいくつかの都市が感染拡大によって封鎖されるかもしれないというニュースが報じられるようになってさらにひどくなった、と話している。感染拡大に動揺しているのは、アジア系住民だけではない、と言う。
「銃の卸業者に確認したが、ほとんどの在庫が無くなっている。中華系だけでなく、アメリカ人全体が銃を買い込んでいる」と、リウは話している。「ほとんどの中華系住民は銃を持っていない。だから今、買っている」
<感染拡大が最悪のワシントン州でも>。
カリフォルニアの他の銃器店でも同じことが起きている。
「通常でも店は忙しいが、今回はまったく常軌を逸している」と別の銃器店のオーナー、デニス・リンは地元テレビ局の取材に語った。リンの店もアジア系アメリカ人が多く暮らす地域にあり、銃の販売数が急増している。やはり客の多くが人種偏見で攻撃されることを恐れて銃を購入している、と言う。
「人々は人種で差別する」とリンは言う。「忘れていた。同じ人間だし、アメリカに暮らしている。ここは中国ではないのに」。
<「家族と息子を守る」>。
この店の客の1人、エイプリル・チャオも、中華系だから攻撃されるのではないかと心配して武器を買いに来たと認めている。
「私の家族と息子を守らなければならない」とチャオは地元ラジオ局の取材に答えた。しかし、自宅があるロサンゼルス近郊のランチョクカモンガで人種差別を経験したことはないと言う。
アジア系アメリカ人による銃購入数の増加は、全米で最も感染者数が多いワシントン州でも報告されている。
「アジア人というだけで飛び掛かられてはたまらない、ということだと聞いている」と、シアトル近郊ベルビューの銃器店「ウェイドズ・イーストサイド・ガンズ」のネット販売担当コール・ゴーランは銃関連の情報サイト「The Trace」に話している。
米ジョンズ・ホプキンズ大学のまとめによると、アメリカでは13日時点で1663人の感染が確認され、40人が死亡した一方、これまでに13人の症状が回復している。
大統領のレイシズムがアメリカ国内を内戦状態に陥れる。
自由の国アメリカは何処を彷徨っているのか。

“LIBOR6500兆円の衝撃・債券市場の恐怖” への3,181件の返信

  1. Pretty section of content. I just stumbled upon your
    web site and in accession capital to assert that
    I acquire actually enjoyed account your blog posts.
    Any way I’ll be subscribing to your augment and even I achievement you access consistently fast.

  2. Fantastic website you have here but I was curious if
    you knew of any community forums that cover the same topics talked about here?
    I’d really love to be a part of group where I can get responses from other experienced individuals that share the same interest.
    If you have any suggestions, please let me know. Appreciate
    it!

  3. I’m curious to find out what blog system you’re using? I’m experiencing some minor security issues with my latest website and I’d like to find something more
    risk-free. Do you have any solutions?

  4. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the expenses. But he’s tryiong none
    the less. I’ve been using WordPress on several websites for about a year and am concerned about switching to another platform.
    I have heard fantastic things about blogengine.net.
    Is there a way I can import all my wordpress content
    into it? Any kind of help would be really appreciated!

  5. May I just say what a relief to uncover someone that really understands what they are discussing online.
    You certainly realize how to bring a problem to light and make it
    important. More people need to read this and understand this
    side of your story. I was surprised you aren’t more popular since you certainly possess the gift.

  6. Hi! Quick question that’s completely off topic.
    Do you know how to make your site mobile friendly? My website looks weird when viewing from my iphone.
    I’m trying to find a template or plugin that might be able to
    resolve this issue. If you have any suggestions, please share.
    Thanks!

  7. My spouse and I stumbled over here coming from a different website
    and thought I might as well check things out. I like what I see so now i am following you.
    Look forward to looking at your web page for a second time.

  8. Hello i am kavin, its my first occasion to commenting anyplace,
    when i read this post i thought i could also create comment due to this
    brilliant piece of writing.

  9. I was wondering if you ever thought of changing the page
    layout of your website? Its very well written;
    I love what youve got to say. But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful lot of text for only having
    one or two images. Maybe you could space it out better?

  10. Hey there would you mind letting me know which hosting
    company you’re using? I’ve loaded your blog in 3 completely different browsers and I must say this
    blog loads a lot faster then most. Can you recommend a good internet hosting provider at a honest price?
    Thanks a lot, I appreciate it!

  11. Aw, this was an incredibly nice post. Finding the time and actual effort to generate a really good article… but what can I say… I procrastinate a lot and never seem to get nearly anything done.|

  12. ピンバック: tinder slag
  13. ピンバック: love scripts for dating free
  14. ピンバック: oatmeal keto
  15. An intriguing discussion is definitely worth comment.

    There’s no doubt that that you should write more about
    this topic, it might not be a taboo subject but generally people do not discuss such
    topics. To the next! Many thanks!!

  16. You’ve made some really good points there. I checked on the
    internet for more information about the issue and found most
    people will go along with your views on this site.

  17. Консультация психолога онлайн.
    Консультация у психологов Опытные
    психотерапевты и психологи. Заказать консультацию психолога.

    Консультация психолога.

    Консультация Психолога – Профессиональная поддержка.
    Онлайн консультация. Приглашаем вас на консультации детского психолога.

  18. ピンバック: gay dating ireland
  19. Simply want to say your article is as surprising. The clarity in your post is simply great and i can assume you’re an expert on this subject. Fine with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the rewarding work.|

  20. Excellent post. I was checking continuously this blog and I’m impressed!

    Very useful information particularly the last part
    I care for
    such information a lot. I was seeking this particular information for
    a long time. Thank you and best of luck.

  21. I have been surfing on-line greater than 3 hours these days, yet I by no means discovered any fascinating article like yours. It is beautiful price enough for me. Personally, if all site owners and bloggers made good content material as you probably did, the web might be much more useful than ever before.|

  22. hey there and thank you for your info – I have certainly picked up anything new from right here. I did however expertise several technical points using this site, as I experienced to reload the website many times previous to I could get it to load properly. I had been wondering if your hosting is OK? Not that I am complaining, but slow loading instances times will often affect your placement in google and can damage your high-quality score if ads and marketing with Adwords. Well I am adding this RSS to my e-mail and can look out for a lot more of your respective interesting content. Ensure that you update this again soon.|

  23. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 sure. Any tips or advice would be greatly appreciated. Thank you|

  24. Someone essentially lend a hand to make severely articles I’d state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to create this particular submit amazing. Magnificent process!|

  25. I used to be recommended this web site by means of my cousin. I am now not sure whether or not this put up is written through him as nobody else know such certain about my trouble. You are incredible! Thanks!|

  26. Heya fantastic website! Does running a blog such as this require a large amount of work? I have no expertise in coding however I had been hoping to start my own blog in the near future. Anyways, if you have any suggestions or tips for new blog owners please share. I understand this is off topic however I just had to ask. Thanks a lot!|

  27. Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!|

  28. Excellent post. I was checking constantly this blog and I’m impressed! Extremely helpful info specifically the last part 🙂 I care for such information a lot. I was seeking this certain info for a long time. Thank you and best of luck.|

  29. Please let me know if you’re looking for a article writer for your weblog. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d love to write some material for your blog in exchange for a link back to mine. Please shoot me an e-mail if interested. Kudos!|

  30. I loved as much as you will receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an impatience over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this increase.|

  31. Sie auf verschlimmert den monumentalen Lowenanteil der unbelasteten Bonusse im Voraus Caucus die Wettanforderungen. Aber wenn Sie vorteilhaft genug sind, um rollen, wird die Bonus uber, dann mussen, im Wissen der APOGEE UMGEWANDELTEN WERT-Regel zu sein. Gerade Wenn Sie mit einem Wert von Zuwendungen von mehr als 500 $ zu Tode bringen, haben Sie normalerweise darf nicht mehr als $50-$100 zuruckziehen.

    Eine weitere Befehl ist der erlaubte Einsatz von Obergrenze. Wenn das Casino den extremsten Punt beim Spielen mit einem Vergutung festlegt, mussen nicht ubertreffen. Ansonsten, das Casino Engagement unterhalten und eine Wegsehen zu Kehrgut um dich erstatten auszahlen zu lassen. Und die die bessere der Casinos ausnahmsweise wunscht missbrauchen diese Ausrede. Seien Sie informiert, dass diese Regel nicht neben das Casino – Muster durchgesetzt wird, so ist es Es liegt an Ihnen, die Geschaftsbedingungen von Honorar sorgfaltig zu uberfliegen.

    noten von wie schon dass du geboren bist

    Die Form meistens, die entfernt von einigen Casinos angewendet wird, ist, dass Sie zu Betteln haben werden machen eine ubergeben vor unmodisch einlosen Ihr kein place Bonus. Ich denke dass Casinos dies als eine weitere Haltung der Verifizierung verwenden. Aber seien Sie aufmerksam, denn manche Casinos anstrengen, um Sie zu auszutricksen und erzwingen Sie mit dieser “Verifizierung Alluvium” zu spielen. Jeder erkundigen auf flammend gabfest, um verursachen unvermeidlich Sie kennen Sie sich mit den Geschaftsbedingungen richtig – und befreien Sie das Gesprach.

  32. I am curious to find out what blog platform you are utilizing? I’m having some minor security issues with my latest site and I would like to find something more safe. Do you have any recommendations?|

  33. Wow, incredible blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is magnificent, as well as the content!|

  34. This is very interesting, You are an overly professional blogger. I have joined your rss feed and stay up for looking for extra of your magnificent post. Additionally, I’ve shared your web site in my social networks|

  35. hello there and thank you for your info – I have definitely picked up anything new from right here. I did however expertise a few technical points using this website, as I experienced to reload the website a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I’m complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your quality score if advertising and marketing with Adwords. Anyway I am adding this RSS to my e-mail and can look out for much more of your respective exciting content. Ensure that you update this again soon.|

  36. Hello There. I found your blog using msn. This is a really well written article. I will be sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll definitely comeback.|

  37. Attractive section of content. I simply stumbled upon your weblog and in accession capital to assert that I get actually enjoyed account your blog posts. Any way I will be subscribing for your augment and even I success you get right of entry to constantly fast.|

  38. Please let me know if you’re looking for a article author for your weblog. You have some really good articles and I feel I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please blast me an email if interested. Many thanks!|

  39. My brother suggested I may like this website. He used to be totally right. This post truly made my day. You cann’t consider just how much time I had spent for this info! Thank you!|

  40. Howdy this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding skills so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!|

  41. Hello would you mind stating which blog platform you’re working with? I’m looking to start my own blog in the near future but I’m having a difficult time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique. P.S Apologies for getting off-topic but I had to ask!|

  42. Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed browsing your blog posts. After all I’ll be subscribing to your rss feed and I hope you write again very soon!|

  43. Everyone loves what you guys are usually up too. This sort of clever work and reporting! Keep up the awesome works guys I’ve you guys to my personal blogroll.

  44. Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I’m hoping to offer something again and help others such as you helped me.|

  45. Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a bit, but instead of that, this is great blog. An excellent read. I will certainly be back.|

  46. Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your blog? My blog is in the exact same area of interest as yours and my visitors would definitely benefit from some of the information you provide here. Please let me know if this alright with you. Appreciate it!|

  47. Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!|

  48. Hi there just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I figured I’d post to let you know. The layout look great though! Hope you get the problem fixed soon. Thanks

  49. Hey there just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.

  50. Howdy, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any help is very much appreciated.

  51. Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s challenging to get that “perfect balance” between usability and appearance. I must say that you’ve done a fantastic job with this. In addition, the blog loads very fast for me on Firefox. Outstanding Blog!

  52. I was pretty pleased to find this page. I want to to thank you for your time for this fantastic read!! I definitely appreciated every part of it and i also have you book-marked to check out new information in your website.

  53. Amazing! This blog looks just like my old one! It’s on a totally different topic but it has pretty much the same layout and design. Excellent choice of colors!

  54. constantly i used to read smaller articles or reviews which also clear their motive, and that is also happening with this article which I am reading at this time.|

  55. Today, while I was at work, my cousin stole my iphone and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!|

  56. Oh my goodness! Impressive article dude! Many thanks, However I am experiencing troubles with your RSS. I don’t understand the reason why I can’t join it. Is there anybody getting identical RSS issues? Anyone that knows the solution can you kindly respond? Thanx!!

  57. เว็บไซต์ สล็อต ยอดนิยมชั้น 1 แหล่งรวมพนันออนไลน์ ที่มีเกมพนันอยู่ในเว็บไซต์เดียวมากกว่า 500
    เกม เลือกเล่นได้อย่างจุใจกันอย่างยิ่งจริงๆ รองรับการเล่นผ่านมือถือที่เสถียรเยอะที่สุด เลือกเกมเดิมพันได้อย่างจุใจ เลือกเล่นได้ทุกเกมในเว็บพวกเรา
    เนื่องจากมีบริการดี 24 ชม.
    สามารถสมัครได้เลย สมัครฟรีไม่เสียค่าใช้จ่ายย สำหรับผู้เล่นใหม่ สามารถรับโบนัส 100%
    เป็นเกมที่เล่นง่ายอย่างยิ่งๆและก็ยังเหมาะสำหรับผู้เล่นที่มีเงินทุนน้อย เช่นกันกับเกมที่ใช้งบน้อยก็สามารถเล่นได้เงินจริง ไม่มีขั้นต่ำแล้วก็ยังเป็นเกมการเดิมพนันออนไลน์ ที่ทำให้ท่านสร้างรายได้ได้อีกด้วย

    เกมสล็อตจากค่าย PG SLOT แหล่งรวมสล็อตออนไลน์มากยิ่งกว่า 500 เกม สามารถเล่นได้
    ทั้งผ่านโทรศัพท์เคลื่อนที่ ทุกระบบทั้งยัง IOS แล้วก็ Android หารายได้จากสล็อต ในช่วงวัววิดแบบงี้ กระบวนการสร้างรายได้ให้กับตนเองโดยไม่ต้องเปลืองแรงเลย เพียงมีเงินทุนนิดหน่อย ก็สามารถสร้างรายได้อย่างมหาศาล หารายได้กล้วยๆจากการเล่นเกมสล็อตออนไลน์ Pgslot สุดยอดเกมสล็อตออนไลน์ เล่นง่าย ได้เงินจริง สามารถกลายเป็นเศรษฐีได้ในชั่วข้ามคืนเพราะเหตุว่าเว็บไซต์ของพวกเรา ได้จัดโปรโมชั่นเอาใจสมาชิกทุกท่าน สล็อต เว็บไซต์ตรง ไม่ผ่านเอเย่นต์
    ตื่นตา ตื่นใจ ไปกับการปั่นสล็อตแบบชิลๆแจ็คพอตแตกง่าย

    PG Slot เว็บไซต์สล็อต เล่นง่าย จ่ายจริง
    โปรโมชั่นเยอะ รางวัลใหญ่ออกบ่อยมากที่สุด
    ฝาก-ถอน อัตโนมัติตลอด 1 วัน
    ลงทะเบียนใหม่ ไม่มีขั้นต่ำ ฝากง่าย ถอนไว
    เร็วทันใจ ไม่มีอันตราย 100% พบกับเกมสล็อต รางวัลใหญ่ออกบ่อยครั้งที่สุด โปรสล็อตถอนไม่อั้น รูปแบบการวางเดิมพันที่แสนง่ายสุดๆ และยังรวมไปถึงตัวเกมที่น่าเล่น แปลกใหม่ นำสมัย แถมยังเพิ่มความสบายสบายให้กับผู้เล่นเยอะขึ้น

  58. I really love your site.. Great colors & theme. Did you develop this website yourself? Please reply back as I’m wanting to create my own personal site and would love to know where you got this from or just what the theme is called. Appreciate it!

  59. I’m not sure why but this site is loading extremely slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later on and see if the problem still exists.

  60. Have you ever thought about writing an e-book or guest authoring on other sites? I have a blog based on the same ideas you discuss and would love to have you share some stories/information. I know my subscribers would appreciate your work. If you’re even remotely interested, feel free to send me an email.

  61. Awesome blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple tweeks would really make my blog stand out. Please let me know where you got your design. With thanks

  62. Have you ever thought about writing an e-book or guest authoring on other blogs? I have a blog based on the same information you discuss and would really like to have you share some stories/information. I know my visitors would enjoy your work. If you are even remotely interested, feel free to shoot me an email.

  63. I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

  64. Howdy I am so thrilled I found your site, I really found you by mistake, while I was researching on Askjeeve for something else, Nonetheless I am here now and would just like to say many thanks for a remarkable post and a all round entertaining blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the awesome work.

  65. I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100% certain. Any recommendations or advice would be greatly appreciated. Cheers

  66. We are a group of volunteers and starting a brand new scheme in our community. Your site provided us with helpful information to work on. You’ve performed an impressive job and our whole group will probably be thankful to you.

  67. I like the valuable information you provide in your articles. I’ll bookmark your weblog and check again here frequently. I am quite certain I’ll learn plenty of new stuff right here! Good luck for the next!

  68. Hello there, just became alert to your blog through Google, and found that it is truly informative. I’m going to watch out for brussels. I’ll appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers!

  69. Does your site have a contact page? I’m having trouble locating it but, I’d like to send you an e-mail. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it improve over time.

  70. Woah! I’m really digging the template/theme of this blog. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between superb usability and visual appeal. I must say you’ve done a very good job with this. Additionally, the blog loads very quick for me on Opera. Excellent Blog!

  71. I’ve been browsing on-line greater than 3 hours these days, yet I never found any fascinating article like yours. It’s pretty price sufficient for me. In my view, if all webmasters and bloggers made good content material as you probably did, the internet can be a lot more useful than ever before.

  72. Hi there! This post could not be written any better! Looking at this post reminds me of my previous roommate! He constantly kept talking about this. I am going to forward this information to him. Fairly certain he will have a great read. Thanks for sharing!

  73. I’ve been surfing online greater than three hours as of late, but I by no means found any fascinating article like yours. It’s beautiful value enough for me. In my view, if all webmasters and bloggers made just right content as you did, the internet will be much more helpful than ever before.

  74. Heya i’m for the first time here. I found this board and I find It really useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  75. Fantastic goods from you, man. I have understand your stuff previous to and you’re just too magnificent. I really like what you’ve acquired here, certainly like what you are saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I cant wait to read far more from you. This is actually a great website.

  76. Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between usability and visual appeal. I must say that you’ve done a great job with this. In addition, the blog loads very quick for me on Firefox. Superb Blog!

  77. When someone writes an paragraph he/she keeps the plan of a user in his/her mind that how a user can be aware of it. So that’s why this article is outstdanding. Thanks!|

  78. After checking out a number of the blog posts on your website, I honestly like your way of writing a blog. I saved as a favorite it to my bookmark website list and will be checking back soon. Please check out my web site too and tell me how you feel.

  79. good quality evening, I’m a college English major and I’m learning a lot about writing by reading internet. I in actuality enjoy your style of writing. It’s very easy to understand but with excellent details. Your choice of words makes it easy to read and understand. That’s a huge portion of writing. Your viewers have to be able to understand what you’re saying and it has to be interesting. You need to challenge your viewers , so they will come back for more. You do a superior job with all of these tittle. Thx!

  80. Outstanding post however , I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit further. Thank you!

  81. Wonderful article! That is the kind of info that are supposed to be shared across the web. Shame on the seek engines for no longer positioning this publish higher! Come on over and visit my site . Thank you =)

  82. Very good blog! Do you have any suggestions for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Thanks!

  83. First of all I would like to say awesome blog! I had a quick question which I’d like to ask if you don’t mind. I was interested to know how you center yourself and clear your thoughts before writing. I’ve had a difficult time clearing my thoughts in getting my thoughts out. I do take pleasure in writing however it just seems like the first 10 to 15 minutes are generally wasted just trying to figure out how to begin. Any ideas or hints? Cheers!

  84. An outstanding share! I’ve just forwarded this onto a friend who was conducting a little research on this. And he actually ordered me lunch due to the fact that I found it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to talk about this issue here on your blog.

  85. Very great post. I just stumbled upon your weblog and wanted to mention that I have truly enjoyed surfing around your blog posts. In any case I will be subscribing in your feed and I hope you write once more soon!

  86. you’re truly a just right webmaster. The site loading pace is
    incredible. It sort of feels that you’re doing any distinctive trick.
    Also, The contents are masterwork. you have done a wonderful
    process on this matter!

  87. Greetings I am so delighted I found your blog page, I really found you by accident, while I was looking on Digg for something else, Anyhow I am here now and would just like to say thank you for a marvelous post and a all round exciting blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have saved it and also added your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the excellent work.

  88. I was very happy to uncover this web site. I want to to thank you for ones time for this fantastic read!! I definitely savored every part of it and I have you saved as a favorite to look at new information on your website.

  89. It’s a shame you don’t have a donate button! I’d most certainly donate to this fantastic blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this website with my Facebook group. Talk soon!

  90. Greetings from Los angeles! I’m bored to death at work so I decided to browse your website on my iphone during lunch break. I enjoy the info you present here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, amazing blog!

  91. Howdy! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Thank you!

  92. Hello, i think that i saw you visited my website thus i came to “return the favor”.I am attempting to find things to enhance my web site!I suppose its ok to use a few of your ideas!!

  93. Good day I am so glad I found your web site, I really found you by mistake, while I was researching on Askjeeve for something else, Nonetheless I am here now and would just like to say kudos for a tremendous post and a all round interesting blog (I also love the theme/design), I don’t have time to go through it all at the minute but I have bookmarked it and also included your RSS feeds, so when I have time I will be back to read more, Please do keep up the great work.|

  94. excellent put up, very informative. I ponder why the opposite experts of this sector don’t realize this. You must continue your writing. I’m sure, you’ve a huge readers’ base already!

  95. Hello I am so delighted I found your blog page, I really found you by mistake, while I was searching on Yahoo for something else, Anyways I am here now and would just like to say cheers for a tremendous post and a all round thrilling blog (I also love the theme/design), I don’t have time to go through it all at the moment but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read more, Please do keep up the superb b.

  96. Howdy! I know this is kinda off topic but I was wondering which blog platform are you using for this site?

    I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for
    another platform. I would be awesome if you could point me in the direction of a good platform.

  97. An outstanding share! I’ve just forwarded this onto a coworker who had been conducting a little research on this. And he in fact ordered me breakfast simply because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to talk about this matter here on your web site.

  98. My brother recommended I might like this website. He was entirely right.
    This put up truly made my day. You can not consider just how a lot
    time I had spent for this info! Thank you!

  99. Link exchange is nothing else however it is only placing the other person’s website link on your page at suitable place and other person will also do same in support of you.|

  100. Hey there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my iphone4. I’m trying to find a template or plugin that might be able to correct this problem. If you have any recommendations, please share. Many thanks!

  101. Wonderful beat ! I wish to apprentice at the same time as you amend your web site, how can i subscribe for a weblog website? The account aided me a appropriate deal. I have been tiny bit familiar of this your broadcast provided vibrant clear idea

  102. Hey there excellent website! Does running a blog like this require a massive amount work? I have virtually no understanding of computer programming however I had been hoping to start my own blog soon. Anyways, if you have any suggestions or techniques for new blog owners please share. I know this is off topic however I simply needed to ask. Thanks a lot!

  103. First of all I want to say awesome blog! I had a quick question in which I’d like to ask if you do not mind. I was interested to know how you center yourself and clear your head before writing. I’ve had a difficult time clearing my mind in getting my ideas out. I truly do take pleasure in writing however it just seems like the first 10 to 15 minutes tend to be lost simply just trying to figure out how to begin. Any ideas or tips? Cheers!

  104. You’re so cool! I don’t believe I have read something like that before. So great to find someone with a few genuine thoughts on this issue. Seriously.. thanks for starting this up. This website is one thing that is required on the web, someone with some originality!

  105. Howdy! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be awesome if you could point me in the direction of a good platform.

  106. This is really interesting, You’re an overly professional blogger. I have joined your feed and look forward to in the hunt for extra of your wonderful post. Additionally, I’ve shared your website in my social networks

  107. Your style is unique compared to other people I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I’ll just bookmark this page.

  108. Thank you for the auspicious writeup. It in fact was once a leisure account it. Look advanced to more delivered agreeable from you! However, how could we communicate?

  109. I’m impressed, I have to admit. Rarely do I encounter a blog that’s both educative and interesting, and without a doubt, you’ve hit the nail on the head. The issue is something not enough people are speaking intelligently about. I am very happy I stumbled across this during my search for something concerning this.

  110. Hi! I understand this is somewhat off-topic but I needed to ask. Does building a well-established website like yours take a massive amount work? I am completely new to running a blog but I do write in my diary on a daily basis. I’d like to start a blog so I can share my own experience and views online. Please let me know if you have any kind of ideas or tips for brand new aspiring bloggers. Thankyou!

  111. I am really enjoying the theme/design of your weblog. Do you ever run into any web browser compatibility issues? A few of my blog visitors have complained about my site not operating correctly in Explorer but looks great in Opera. Do you have any ideas to help fix this issue?

  112. I do trust all the concepts you’ve offered for your post. They are very convincing and will certainly work. Nonetheless, the posts are too quick for starters. May you please extend them a little from next time? Thanks for the post.

  113. Hey there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to prevent hackers?

  114. Awesome blog! Do you have any tips for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed .. Any ideas? Thank you!

  115. My spouse and I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking for. Would you offer guest writers to write content to suit your needs? I wouldn’t mind creating a post or elaborating on most of the subjects you write about here. Again, awesome blog!

  116. Thank you for every other informative web site. Where else may just I get that type of information written in such an ideal means? I have a challenge that I’m just now working on, and I’ve been on the glance out for such info.

  117. Thank you for some other great post. The place else could anyone get that kind of information in such an ideal method of writing? I have a presentation next week, and I am at the look for such info.

  118. Hmm it seems like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to the whole thing. Do you have any tips for inexperienced blog writers? I’d certainly appreciate it.

  119. My brother suggested I might like this web site. He was totally right. This post truly made my day. You cann’t imagine just how much time I had spent for this info! Thanks!

  120. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!

  121. Hey There. I found your weblog the usage of msn. That is an extremely well written article. I will make sure to bookmark it and come back to learn more of your helpful information. Thank you for the post. I will definitely comeback.|

  122. Wow, superb blog layout! How lengthy have you been blogging for? you make running a blog glance easy. The whole glance of your site is excellent, as neatly as the content!

  123. This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your wonderful post. Also, I’ve shared your site in my social networks!

  124. Greetings! This is my first visit to your blog! We are a collection of volunteers and starting a new initiative in a community in the same niche. Your blog provided us useful information to work on. You have done a wonderful job!

  125. Wonderful beat ! I wish to apprentice while you amend your website, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast offered bright clear concept

  126. Hello, i think that i saw you visited my weblog thus i came to “return the favor”.I’m attempting to find things to improve my web site!I suppose its ok to use some of your ideas!!|

  127. Hey There. I found your blog using msn. This is a very well written article. I will make sure to bookmark it and return to read more of your useful info. Thanks for the post. I’ll certainly comeback.