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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
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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…

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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.
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