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Post by clinton on May 21, 2013 21:30:56 GMT -5
this is worth watching she covers yen carry trade and gold sell off
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Post by clinton on May 21, 2013 21:31:59 GMT -5
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Post by clinton on May 21, 2013 21:39:12 GMT -5
BTW this yen carry trade has happened before. anyone remember the iceland carry trade?
how did that end?
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Post by clinton on May 21, 2013 22:06:53 GMT -5
and Kyle Bass from Dec 2012
16:40 "if Japan ever moves to an inflationary bias, they're finished"
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Post by clinton on May 22, 2013 0:34:36 GMT -5
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Post by clinton on May 22, 2013 6:26:36 GMT -5
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Post by clinton on May 22, 2013 6:58:00 GMT -5
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Post by clinton on May 22, 2013 22:55:16 GMT -5
Japanese Bond Market Halted At Open As Bond Selling Purge Goes Global Submitted by Tyler Durden on 05/22/2013 - 20:18 Japanese government bonds (JGB) futures have been halted once again this evening as the market opens down over 1 point. 10Y yields smash 11.5bps higher to 1.00% and 5Y yields add 6bps to 47bps. These are quite simply unprecedented moves in what 'was' a safe asset class and impresses yet another VaR shock on the market (as we detailed here). What this means practically is that Japanese banks push further into insolvency land (as we explained here) today's move wipes out another 1.5% of blended Tier 1 capital off the entire Japanese banking industry. Since the 10Y JGB yield lows of 32.5 bps on April 5, the move is rapidly approaching a full percentage point, or the parallel shift amount that the IMF warned would lead to 10% and 20% MTM losses for regional and major banks respectively. Today's jump in 10Y yields continues the post-BoJ regime of greater-than-six-sigma moves... something no risk model can withstand for three weeks. Just a good job the BoJ didn't have anything at all to say about this totally disorderly fiasco yesterday.
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Post by maxi on May 22, 2013 23:28:22 GMT -5
Those 2 articles seem in opposition to one one another. OTOH the Nikkei is down 3.65% right now!
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Post by clinton on May 23, 2013 6:47:05 GMT -5
NIK closed -7% OUCH!!!!!!
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Post by clinton on May 23, 2013 21:42:13 GMT -5
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Post by clinton on May 26, 2013 23:51:35 GMT -5
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Post by maxi on May 27, 2013 9:57:38 GMT -5
So if this was any other market wouldn't you think it was oversold and overdone? Or are we a perma bear now on anything we can find?
Did another reactor explode? Was there perhaps a tidal wave? Why such extreme selling?
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Post by jacksrbtr on May 27, 2013 10:11:21 GMT -5
So if this was any other market wouldn't you think it was oversold and overdone? Or are we a perma bear now on anything we can find? Did another reactor explode? Was there perhaps a tidal wave? Why such extreme selling? Could it have something to do with the fact that the Nikkei has been up a bazillion percent this year alone? <sarc> ;D
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Post by maxi on May 27, 2013 11:09:12 GMT -5
So if this was any other market wouldn't you think it was oversold and overdone? Or are we a perma bear now on anything we can find? Did another reactor explode? Was there perhaps a tidal wave? Why such extreme selling? Could it have something to do with the fact that the Nikkei has been up a bazillion percent this year alone? <sarc> ;D NOOOOO JACK that is MUCH too simple an explanation! LOL... and uh my point exactly....
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Post by clinton on May 31, 2013 6:36:48 GMT -5
Apple Hikes Japanese iPad, iPod Prices By 16% Submitted by Tyler Durden on 05/31/2013 - 07:28 The missing link to Japan's Abenomic recovery is and will be wage inflation: without it, soaring import costs which have more than offset any benefits from a modest rise in exports (and a still negative trade balance), will be for nothing, and if the wealth effect begins slowing or, heaven forbid, reversing, and the USDJPY slides back under 100 dragging the Nikkei down with it and all those hedge funds who scrambled into Japan with hopes of get rich quick dreams exit stage left, all bets are off. The result, ironically, would be an even worse bout of deflation than the country had in the recent past as all Abenomics will have done is pulled demand forward driven by transitory stock market gains, while far stickier import energy costs hammer the consumer's discretionary cash flow. In the meantime, corporations aren't waiting, and in a need to protect their bottom lines are doing to selling prices what they have zero intention of doing to wages and costs: hiking them. So following in the footsteps of many other luxury, and not so luxury, goods makers, Apple was the latest to announce overnight that it is hiking the prices of select iPad and iPod models by 16% and 14% respectively.
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Post by clinton on Jun 5, 2013 6:14:29 GMT -5
Global Risk Off: Nikkei Plunges 700 Points From Intraday Highs, Whisper Away From 20% Bear Market Correction Submitted by Tyler Durden on 06/05/2013 - 06:50 Anyone expecting Abe to announce definitive, material growth reform instead of vague promises to slay a "deflation monster" last night was sorely disappointed. The country's PM, who may once again be reaching for the Immodium more and more frequently, said the government aims for 3% average growth over the next decade and 2% real growth, raising per capita income by JPY 1.5 million. The market laughed outright in the face of this IMF-type silly vagueness (as well as the amusing assumption that Abe will be still around in 7 years), which left untouched the most critical aspect of Abenomics: energy, and nuclear energy to be specific, and sent the USDJPY plummeting well below the 100 support line, printing 99.55 at last check. But more importantly, after surging briefly at the opening of the second half of trading to mask a feeble attempt at telegraphing the "all is well", it rolled over with a savage ferocity plunging 700 points from an intraday high of 13,711 to just above 13,000 at the lows: yet another 5% intraday swing in a market which is now flatly laughing at the BOJ's "price stability" mandate. Tonight's drop has extended the plunge from May 23 to 18.4% meaning just 1.6% lower and Japan officially enters a bear market.
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Post by clinton on Jun 12, 2013 20:36:43 GMT -5
well its looking like Japan is blowing up all the world markets
they are down another 5%
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Post by jacksrbtr on Jun 12, 2013 22:29:58 GMT -5
well its looking like Japan is blowing up all the world markets they are down another 5% Why cant we get a +700pt down day I ask you? Muahahahahaaa!
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Post by jacksrbtr on Jun 13, 2013 15:39:51 GMT -5
this is worth watching she covers yen carry trade and gold sell off Great vid! Thx Clint good find.
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