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Olduvai III: Catacylsm
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Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break

Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break In what appears like a coordinated USDJPY-driven intervention, the Panic Plunge Protection Team has swung into action not once but twice tonight so far. After China opened down between 5% and 7%, and initial momentum bounce from USDJPY failed onlyt to be followed by […]

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Fitch Downgrades Japan To A From A+

Fitch Downgrades Japan To A From A+ With the USDJPY’s ascent to 125, 150 and higher having seemingly stalled just under 120, with concerns that the BOJ may not monetize more than 100% of its net debt issuance suddenly surfacing, the BOJ and the Nikkei would take any help they could get. They got just […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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