This is massive: The rates shock goes global

Rates shock poetry

There is only one Hartnett. On the latest rates shock he writes: "Euro-area unemployment rate record low 7.0%, inflation record high 5.1%, yet ECB policy rate is -0.5%...you do the math; G7 QE programs ending quickly, rate hike expectations jumping, Fed/ECB rate hikes encourage speculators to test BoJ YCC policy resolve; big capital flows to US stocks driven by negative rates in Europe & Japan ending."