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Stocks Drop As Trade War Returns; Japanese Bond Rout Leads To Emergency Margin Call

Stocks Drop As Trade War Returns; Japanese Bond Rout Leads To Emergency Margin Call The latest trade war truce lasted less than a day, and after stocks jumped yesterday following an early report that Mnuchin had resumed trade talks with his Chinese counterpart, a late Tuesday report that the Trump admin is planning to increase […]

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BOJ Intervenes For Third Time In A Week: Offers To Buy Unlimited Bonds To Stabilize Markets

BOJ Intervenes For Third Time In A Week: Offers To Buy Unlimited Bonds To Stabilize Markets Ahead of the potentially dramatic BOJ decision tonight, the Japanese bond market is becoming increasingly jittery. After 10Y JGBs sold off early in the session, with yields rising as high as 0.11% – the highest level in almost a […]

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Japan still leads the way towards our endgame

Japan still leads the way towards our endgame Successful investors live by a golden rule: what the mainstream financial media talks about is not important. They focus on what they don’t hear instead. So forget about Yellen for a second. Let go of Draghi, oil, the South African rand and Syria. That’s all in the now. But investing […]

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Bond Crash Continues – Aussie & Japan Yields Burst Higher

Bond Crash Continues – Aussie & Japan Yields Burst Higher The carnage in Europe and US bonds is echoing on around the world as Aussie 10Y yields jump 15bps at the open (to 3.04% – the highest in 6 months) and the biggest 2-day spike in 2 years.  JGBs are also jumping, breaking to new 6-month […]

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It’s Official: The BoJ Has Broken The Japanese Stock Market

It’s Official: The BoJ Has Broken The Japanese Stock Market As those who follow such things are no doubt aware, The Bank of Japan often says some very funny things about inflation expectations and monetary policy. Essentially, the bank is forced to constantly defend its QE program because as it turns out, monetizing the entirety […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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