The Latest

Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market As Everything Crashes Everywhere

In our preview of last week's BOJ we refrained from giving details and merely shared a candid assessment of what we thought the result would be: BOJ preview: whatever is the dumbest possible thing that can happen, is what will happen. 100% guaranteed — zerohedge (@zerohedge) July 30, 2024 And we were right, because by
byEmily Carter
5 August 2024
1 minute read
Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market As Everything Crashes Everywhere
Total
0
Shares
0
0
0

In our preview of last week’s BOJ we refrained from giving details and merely shared a candid assessment of what we thought the result would be:

And we were right, because by deciding to hike rates into an economic showdown, the BOJ – which as we noted last week “changed the rules” again – has unleashed a financial apocalypse by creating a positive feedback loop that culminates with a deflationary collapse of all assets (as the bank now goalseeks a surge in the yen and thus deflation and economic devastation) which has led to not only to the Nikkei promptly entering a bear market from its all time high hit just 3 weeks ago and wiping out all of its year to day gains, not to mention collapsing 15% since last week’s BOJ meeting which we knew would be a disaster…

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Author
Emily Carter
Hello, I'm Emily Carter, a technology writer fascinated by the ever-evolving world of tech. I specialize in writing about the latest innovations, gadgets, and trends that are shaping our future. With a background in computer science and a knack for making complex topics accessible, I aim to inform and inspire my readers about the possibilities of technology.
Leave a Reply
Related Posts
Former Home Secretary Priti Patel says Parliament should be recalled in the wake of riots and brands Labour’s actions so far as ‘breathtakingly complacent’
Read More

Former Home Secretary Priti Patel says Parliament should be recalled in the wake of riots and brands Labour’s actions so far as ‘breathtakingly complacent’

Ex-Home Secretary Dame Priti Patel has slammed Labour for being 'breathtakingly complacent' after riots tore through Sunderland last night. Taking to X (formerly Twitter), the Witham MP called Parliament to be recalled with immediate effect, adding: 'We either believe in the rule of law, or we do not.' Sunderland is the latest city to be
byLaura Mitchellx
Lawyer claims police officer kicking teenager in head at Manchester Airport was ‘an attempted assassination’ – as MP calls for calm after police station was egged on second night of protest
Read More

Lawyer claims police officer kicking teenager in head at Manchester Airport was ‘an attempted assassination’ – as MP calls for calm after police station was egged on second night of protest

The lawyer of the family at the centre of the Manchester Airport row has today described the incident as an 'attempted joint enterprise assassination' by the police. Hundreds of protesters blocked traffic and held up Black Lives Matter placards last night after footage of a Greater Manchester Police firearms officer kicking a teenager in the head
byLaura Mitchellx
Typhoon Gaemi displaces nearly 300,000 in eastern China
Read More

Typhoon Gaemi displaces nearly 300,000 in eastern China

Authorities evacuated nearly 300,000 people and suspended public transport across eastern China on Friday, as Typhoon Gaemi brought torrential rains already responsible for five deaths in nearby Taiwan. Gaemi was the strongest typhoon to hit Taiwan in eight years when it made landfall on Thursday, flooding parts of the island’s second-biggest city. Typhoon Gaemi exacerbated
byLaura Mitchellx