MikeCristo8: Central Bankers won’t Save you this Time

MikeCristo8
@MikeCristo8

If Jerome Powell was going to save you.

He would have lowered rates last Wednesday.

Jerome Powell isn’t going to save you.

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MikeCristo8
@MikeCristo8

The central bankers won’t save you this time

Japan -6.5%

https://twitter.com/zerohedge/status/1820255117439885574

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MikeCristo8
@MikeCristo8

Over the next several hours.

Oil could drop to $70 bbl.

Maybe even below $70.

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MikeCristo8
@MikeCristo8

The Japanese yen is collapsing against the BRICS unit.

The USD could very well collapse this coming week.

As the carry trade unwinds.

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MikeCristo8
@MikeCristo8

Remember what I’ve been saying.

Japan can’t import oil in yen nor dollars.

Nothing can save the yen.

At this point the magnitude of how hard Japanese financial markets are crashing, even if Iran declared peace I don't think it will save global markets. Yellen and the Fed about to step in and bailout the BOJ?

— Bartholomew’s #onelastbounce Quandry (@BartsQuandry) August 5, 2024

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MikeCristo8
@MikeCristo8

Why is the JPY/USD unwinding?

The world is selling dollars (bonds) back to the U.S. Treasury.

This will lead to a U.S. sovereign debt crisis.

Circuit breakers for stock markets happen but bond markets is a different thing altogether. Just happened in Japan tonight US time.

US futures holding up relatively speaking but on a limit down watch overnight which is down 5%.

Now we await Fed policy response. https://t.co/80ePbpEU8k

— Edward Dowd (@DowdEdward) August 5, 2024

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MikeCristo8
@MikeCristo8

The central banks are not going to save the system this time.

They can't print their way out of this one.

This is about a rate hike cycle mismatch with Japan.

They will worsen the dynamic by cutting rates.

— Michael A. Gayed, CFA (@leadlagreport) August 5, 2024

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MikeCristo8
@MikeCristo8

So Japan has to raise rates

To prevent a margin call?

Brilliant!

BOJ MEMBER SUGGESTS RAISING RATES IF APPROPRIATE, NOT DELAYING.

— FinancialJuice (@financialjuice) August 5, 2024

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