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Draghi Already Failed. Will Kuroda Fail Now Too?
Mario Draghi's "whatever it takes" has failed... and USDJPY breaking its most significant trendline suggests Kuroda is about to fail too...
- *USD/JPY TRADES UNDER 122.00 FOR FIRST TIME SINCE JULY 13
It appears the massive Long Nikkei/Short Gold trade is unwinding in a hurry...
Remember, this trade - as we detailed here - which draws together a complex web of interactions between Japanese equities, the gold market, repo financing, BoJ monetary policy meetings and anomalies in the silver market.
Charts: Bloomberg
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The Japanese tend to be more fatalistic, but there are limits to everything and with the world economy becoming unstable, they could bring down the government on a no confidence vote.....
http://www.denk-bubbles.com/the-plan/
All markets have been manipulated by the Central Banksters since the last financial crisis. But sometimes conditions change so much and so fast that they overwhelm the power and control of the criminal banksters.
We may be at such a moment today.
"All markets have been manipulated by the Central Banksters since the last financial crisis."
Began in earnest in 1987.
Get ready for the gold smackdown and USDJPY rocket boosters Monday morning. It's Friday, the PPT has the day off and is probably too busy double checking the breached Ashley Madison data.
Given the complete collapse of high consumer nations population growth and slight slowdown of low consumer nations population gains...the current 10yr period we enter represents about an est. 45% decline in new consumption from the previous 10yrs. By the time we get to '25-'34 net new est. consumption drops by 90%+ due to significant declines among high consumer populations not adequately offset by low consumer growth.
However, this really underestimates the rate of consumption slowdown due to the lack of population growth...as the marginal population growth sparks so much activity. It requires new infrastructure (highways, water & electricity grid buildups, hospitals)...it requires new homes and all the stuff to fill them...etc. etc. Without the high consumer population growth, overall activity tends to fall significantly more than "anticipated" and the knock on effects to low consumer nations (intent on moving to high consumption via exports to high consumption nations) crashes and burns.
This is a once in a millennia paradigm shift...time to re-examine and rethink everything we think we know.
http://econimica.blogspot.com/2015/08/population-growth-will-never-be-fix-to.html
The markets are breaking down a bit here but I don't think it's the big one. If the Fed backs off the rate hike and then announces QE4, stocks will rally. But it won't last as they are definitely losing control. Draghi, Kuroda and Yellen - when this is over they will go down in history as the Three Stooges of international finance.
Describing a grifting bankster as "failing" is at best a misnomer.
It's like describing a mugger that got your wallet, but not your phone, as failing.
Banksters are thieves, not engineers.
Zion is a scheme, not an ethnicity..
"draws together a complex web of interactions between Japanese equities, the gold market, repo financing, BoJ monetary policy meetings and anomalies in the silver market."
That's all that's wrong with the financial markets right there. And that's why all hell will break lose one of these days (and last for probably a long time).
Can't say the fuckers in their ivory towers weren't warned.