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Tyler Durden's picture

Bizarre Japanese "Respect Old People Day" Holiday Is Sign of The Times





Today is a rather peculiar public holiday in Japan: “Respect Old People Day”. And judging by the official demographics, an increasing proportion of the population should be revered today. One in eight Japanese is aged 75 or older. People over 65 will reach 33 million, the largest ever, roughly 25.9% of the population. The thing about demographic trends is that they’re like a huge oil tanker - once they’re on their course it’s very hard to steer them around in another direction. These are monumental, generational changes that are very hard and slow to reverse.

 
smartknowledgeu's picture

Do NOT Let the "Strong" Dollar Illusion Lead Your Wealth Preservation Strategies Astray





Is the US dollar really strong now? We explain why your measuring stick can massively distort your perception away from the reality of facts and truth.

 
Tyler Durden's picture

Why The Collapse Of Abenomics Is Important: It's A Large-Scale Failure Of Keynesian Stimulus In Real Time





We have frequently discussed the nonsensical attempt by Japanese prime minister Shinzo Abe and BoJ governor Haruhiko Kuroda to print and spend Japan back to prosperity. By now it is well known that devaluing the yen has not achieved the desired effect, but rather the opposite. Not only have exports not really received the expected boost, but Japan’s trade and current account surplus have decreased markedly, even posting negative numbers for the first time in decades. Of course, currency debasement never works: it cannot work. This is Keynesian logic and brilliance in all it splendor.

 
Marc To Market's picture

Technical Overview Ahead of Next Week's Key Events





Simple review of technical condition of the capital markets.  Light on polemical zeal, and heavy on technical analysis.  

 
Capitalist Exploits's picture

Round 2 for the Japanese Yen





The longer Abe’s policies fail to deliver the hoped-for economic results, the more intensely they will be implemented.

 
Tyler Durden's picture

What If The Easy Money Is Now On The Bear Side?





File this under Devil's Advocate: what if the easy money in the stock market is no longer the "guaranteed" Bull melt-up but the Bearish bet on a sudden air pocket? Just as a thought experiment, put yourself in the shoes of the money managers who have the leverage to move the markets.

 
Tyler Durden's picture

Dollar-Yen Pumps Then Dumps As Kuroda Punks Algos





Sometimes we wonder what world Japanese leaders live in. This morning's mind-blowing lies and propaganda from BoJ chief Kuroda show one thing and one thing only - Japan has reached Europe's Juncker moment - "it's serious enough that one has to lie." But it's the market's reaction to his every word that is whipsawing JPY around and running algos wild as first he said more QE is to come then rejected it saying there is no need for more QE now...

 
Marc To Market's picture

Scottish Jitters Past Peak?





Quick update, and outline of reasons to suspect anxiety over Scottish independence has peaked. 

 
Tyler Durden's picture

US Equity Futures Levitate As Yen Fireworks Continue; All Attention Still On Scotland





While overnight US equity futures have done nothing notable, what everyone's attention has been fixed on, in addition to the GBP and the read-through to all things UK-ish ahead of the Scotland independence referendum, is the sudden flare up in USDJPY trading and volatility, which exploded by some 100 pips in the past 24 hours hitting fresh post-2008 highs, on what appears to be a major capital reallocation move (it surely is not driven by any news) and/or forced squeeze. What is more perplexing is the change in correlations signals, because while until recently the USDJPY was synonymous with the E-Mini, and thus the S&P, as of late the USDJPY pair has moved tick for tick with the 10Year yield: almost as if the NY Fed's favorite HFT trading shop was instructed to change its vast array of signal inputs away from the S&P and to force a gentle levitation in the 10Y.

 
Tyler Durden's picture

Obama's Former Chief Economist Calls For An End To US Dollar Reserve Status





"...what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status...The privilege of having the world’s reserve currency is one America can no longer afford."

- former Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.

 
Tyler Durden's picture

Frontrunning: September 8





  • Scotland split jitters send sterling to 10-month low (Reuters)
  • S&P 500 Beating World Most Since 1969 Doesn’t Spark Flows (BBG)
  • Happy ending guaranteed: Vietnam building deterrent against China in disputed seas with submarines (Reuters)
  • China Posts Record Surplus as Exports-Imports Diverge (Bloomberg)
  • Russia, U.S. to hold talks on 1987 arms accord (Reuters)
  • Halcon’s Wilson Drills More Debt Than Oil in Shale Bet (BBG)
  • Deadly Disappointment Awaits at Ebola Clinics Due to Lack of Space (WSJ)
  • Latinos furious at Obama on immigration delay, vow more pressure (Reuters)
  • Japan GDP Shrinks at Fastest Pace in More Than Five Years (WSJ)
 
Tyler Durden's picture

OMGodzilla! Japanese Macro Data Revisions Even More Disastrous Than Expected





If the US equity market's reaction to the worst jobs data of 2014 is anything to go on; Japanese stocks should be a double overnight given the catastrophe that just printed. While the initial prints for the post-tax-hike period were bad enough (record worst levels in most cases), the revsions are even worse. Drum roll please: 1) Trade balance miss, worst in 4 months; 2) GDP -7.1% miss, revised down, worst since Q1 2009; 3) Business Spending/Capex -5.1% miss, revised down, worst since Q2 2009; and 4) Consumer Spending -5.3% miss, revised down, worst on record. But apart from that, as the Japanese leaders noted last week, "the recovery is heading in the right direction."

 
Marc To Market's picture

The Week Ahead: Calm before the Storm





Straight-forward discussion about the investment climate and the week ahead.  Light on hyperbole, heavy on analysis.  

 
Marc To Market's picture

Dollar Bulls in Drivers Seat





The euro has fallen an unprecedented eight weeks in a row.  The dollar set new five year highs against the yen before the weekend.  Here is an overview of the near-term technical outlook.  

 
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