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
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:

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
Leave a Reply
Related Posts
Core Inflation Cools But By Less Than Expected
Read More

Core Inflation Cools But By Less Than Expected

The Federal Reserve’s go-to inflation gauge showed a slight easing of inflation in June and consumer spending remained solid, bolstering the argument that the Fed’s policy could be “just right” and undermining calls for an urgent rate cut. The core personal consumption expenditures (PCE) price index, which omits food and energy costs, ticked up just
Upper Lockyer, Frances Crawford: The key unanswered questions after mother killed in ‘lawnmower’ incident
Read More

Upper Lockyer, Frances Crawford: The key unanswered questions after mother killed in ‘lawnmower’ incident

How a mother-of-three was killed in a late-night lawnmower incident remains a mystery almost a week on from her death, with detectives continuing to piece together the circumstances surrounding the tragedy. Frances Crawford, 49, was found dead at her Upper Lockyer home in southeast Queensland during the early hours of Tuesday, July 30. Emergency services were
Mystery of America’s creepiest road – the ‘paranormal hotspot haunted by children’ where cars seem to ‘roll uphill’
Read More

Mystery of America’s creepiest road – the ‘paranormal hotspot haunted by children’ where cars seem to ‘roll uphill’

One of the spookiest 'paranormal' hotspots in the US sits in the foothills of Southern California on a 'haunted' stretch of road where vehicles actually appear to roll uphill on their own. The creepy crossroads is Sylmar’s Gravity Hill, a sloped stretch of road where visitors are left awestruck as their vehicles start lurching 'up' the