So, as I wrote 24h ago, it was clear to anyone paying attention that the Bank Of Japan put itself in a very dangerous spot (TwitterX). Back in 1992, when the Bank Of England was in danger, the Bundesbank cut rates 25bp even if it didn’t make any sense for…
Category:Daily
Daily post about finance and breaking news
NOW THE HEDGE FUNDS (HYENAS) KNOW THE #BOJ (LION) IS VULNERABLE!
A big powerful “Minsky Moment” struck many investors, including me, around 10am EST on Monday when the last #BOJ intervention barely moved the needle in the FX market. If you think the BOJ can simply hike rates to strengthen the $JPY, then you don’t realize that when a central bank…
The great paradox of CRE lending: while owners are freaking out, banks are chilling
Q2 US bank earnings reported so far paint such a rosy picture of CRE loan risk. Yes, they admit there will be an uptick in losses (maybe), but banks barely show any concern. So why are CRE landlords panicking, not being shy with the press, describing the situation as “apocalyptic”…