The #Nikkei just broke 40,000 and yet no one in #Japan is celebrating, literally speaking. Why? The purchasing power of $JPY literally fell through the floor in the past 30 years as a result of endless (and reckless) nonstop money printing. As I wrote almost 5 months ago on X:…
Tag:#Japan
CHINA STOCKS – IS THE BOTTOM IN?
Last week, the #HongKong HSI index was up 5.5% despite only having 3 trading days due to the Chinese New Year holidays. #China index futures were also up ~3% in the same timeframe. Trading is about to resume in mainland #China along with all the country’s business activity after the…
DID THE MARKETS JUST HIT A SPEED BUMP OR A WALL?
US CPI came in hot, to the surprise of many, but not us, as we have been talking about this for the past 3 weeks, right? (TwitterX). What honestly surprised me is that #stocks didn’t manage to follow the usual script once the latest US CPI was released, although they…
WHY IS THE FED PREPARING TO BAIL OUT A JAPANESE BANK? BECAUSE OF THE “NORINCHUKIN” DANGER
First of all, who the hell is the latest counterpart added to the #FED Standing Repo Facility: “Norinchukin Bank”? “Officially,” it is a Cooperative Bank owned by Japanese agricultural, fishery, forestry cooperatives in #Japan. Yes, that’s right, an “agricultural” bank from Japan got a seat at the #FED big boys…
YES – THEY ARE IN COMPLETE PANIC
One month ago, I wrote about the “PANIC BEHIND CLOSED DOOR” (TwitterX), and at that time, I literally said: “Imagine what would happen to Joe Biden’s approval rating if the #stocks bubble he inflated to the stratosphere implodes right now. With Jerome out of the game, Joe needed his Janet…