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Mrs Watanabe Has Left The Building
If the further away from USDJPY 105-110, the latest BOJ "soft target" on the pair, we go, the weaker the case for Abenomics, than we wouldn't be surprised if Japan's marionette PM, whose only bidding was to reflate global stock markets, price stability, quality of Japanese life and soaring import costs, be damned, is about to see an escalation in bathroom runs, leading to yet another disgraced exit, hopefully his final this time, from Japanese politics. And with that the great Japanese reflation experiment will end. Nikkei futures continue to fade - getting closer and closer to the 20% correction that marks the start of the Japanese bear market. In the US, everyone's favorite ETF - homebuilders - are now down 7.4% from Friday morning.
and the Nikei 225 is getting close to bear market territory...
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You can always count on the Lame Stream Media to find the juicy chunks of corn in any pile of shit.
The Karankawa Indians who inhabited the coast of Texas and were noted for their enthusiasm for dining on shipwrecked Spaniards also searched through their shit for edible bits - it was called the 'second harvest'.
Abe is afflicted with a bad case of Diaoyurrhea. As long as he stubbornly refuses to take a few spoonsful of Maopectate, his sufferings will continue.
Unfortunately Abe's diarrhea disorder is of the verbal variety.
Yea, squirreleo was the only one that I know of, able to do that.
Weeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!!!!!!1111111
TAPER??
ALREADY???
Skittish Tombs, very skittish.
As a PM bug, we're all back of the bus waiting to open up a few arteries
As a PM bug, we're all back of the bus waiting to open up a few arteries
Troll, troll!!
Probably shouldn't tell them what happened to the last crew.
+1
Great movie!!!
MFB
And a number of hedgies who are getting sizzled like bacon.
Greed is good ...
Abe's gonna have a shitty day, thats for sure.
20 ¥ for "Fukie Sukie"?
muhahahahaha, JPY strengthens again. EPIC fail from Japanese ... AGAIN :-) :P
Land of the setting SUN>
This is not good. Or is it good? Glad I got my stash.
Keep plunging commodities...love it.
Odds look high that the Fed decided 105 Yen : 1 USD was going to move Camry prices down too far and GM would not survive.
And so Ben bought yen. Heavily.
Our supercomputer can print faster than your supercomputer.
Colon cannon
Salad shooter
SPY 1600 is achievable - Good level before Good Tuesday. ;-)
The Nikkei futs look sick.
Someone puked their bad sushi out?
If that is actually true, that is one shitty condition. Have a good freind who suffer from this, not quite as bad.
He compares it to the morning after beer shits, when it's so bad you can shit through a screen door at 30 feet, clinching your fists praying "God please take this pain away!" LOL.
I'm sure most of us have had a case or two of those.
PBOC and BOK are loving it. m
Whose turn is it now? Ben's ...Draghi's?...Ri Kwang-gon? I'm losing track
Draghi could save the day on Thursday.
IMF has been giving its wink-wink lately, downgrading today 2013 Germany GDP growth from 0.6% to 0.3%. They've been front-running the ECB rate decision last month.
Japan's currency de-valuation is not an IF but a WHEN, as once they can longer pay their bills from current account nobody will consider Yen viable for trade. Their current Keynesian fantasy is just exacerbating the situation that will likely end as Bass states with a mass writedown/deleverage. But I doubt Abe gives up that easy....not with most of the rest of the central planners supporting their plan to one degree or another. It's also why I don't see how the US can taper QE or let rates rise unchecked.
To add to the circus FINRA is encouraging brokers/traders to warn investors about the looming danger in bonds, while saying nothing about equities.
Ouch
http://www.fxempire.com/ChartDirector/php/freeforexchart.php?TickerSymbol=NIKKEI
Japan n it's Nikkei just went limp...BOJ made it's decision to save the JGB market bout a week ago at expense of Nikkei. The collapse of Nikkei will destroy Abe and send Japan into some serious soul searching...
Bout time for a new "whatever it takes pledge...or maybe all CB heads can hold hands and chant it together???
I said Banzai not Ponzai!
Seems a quick devaluation of 30% would be easier than this costly printing...wonder where Soros is on the yen right now.
Mrs. Watanabe has left the building because she has advance information that a major earthquake of the fiscal variety is about to collapse the damn thing.
I can imagine a couple hundred old and angry Mrs. Watanabes on a plane to Washington National right now, looking to have a little private session chat with Benny about how he has totally effed up their lives.
Now that’s a reality show I would pay to see. Better than any Congressional hearing, that's for sure.
Nuh uh. We have a new bull market in housing I am told. Lack of supply. Recovering economy. Strong stock market. And all that jazz. And Cramer told me the Japanese are a good people and finally making the right monetary policy decisions to kickstart their economy.
Japan wasn't invited to the H meeting either
My first post even though I have been lurking for years. I just want to say broken funding currency Bitchez! Roubini can suck my balls.
The Yen is Broken so what is Abe going to do now? Any policy response could be seen as a panic and completey bust the Yen and we may see hyperinflation in Japan.
Just had an argument with someone today as to why Abenomics is going to be a disaster for Japan. They disagreed of course.
Another reminder that the ZH world view is considered 'fringe' by the average schmuck on the street.
The average schmuck on an American street can barely find Japan on a map.
Well before all you boys spike the football. US 10yr behaving badly. Japs should be dropping it like its hot if they think we are going to 85 yen/$.....
They still need that good old US collateral to prop up their zombie banking system it's not like they are sitting on a tons of gold.
agreed, it ain't over.
Thats right Gold isn't tier one collateral it's just a old relic collected by the far right.
Well, this Gaijin has sold up, taken a large loan in Yen, and will pay it back from the other side of the world in CDN. How's that for a short, YC?
The only race Japan wins from now on is the race to the bottom.