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Quick tip on avacado oil.
If your avacado oil looks like the one on the left, it is refined and processed. (Not much different from seed oils). If it looks like the one on the the right, it is a first cold pressing and unrefined (closer to olive oil)
Investors always believe this time is different.
The four biggest Japanese insurers are now sitting on paper losses of ยฅ15 trillion on their Japanese government bond portfolios. That's nearly $100 billion.
In addition, Japan's interest expenses will surge from roughly 2% to 10% of GDP if bond yields remain where they are today.
We have seen this movie before.
In 2022, the UK pension and insurance sector nearly collapsed after a massive spike in bond yields triggered by unfunded tax cuts, forcing the Bank of England to intervene and buy bonds on a massive scale.
In 2023, several U.S. regional banks collapsed as supposedly harmless paper losses on bonds proved very capable of causing actual defaults, forcing the FDIC to step in and protect depositors.
Both events happened less than five years ago. Spiking bond yields were at the heart of both crises.
Japan simply cannot survive with bond yields at 3% or higher without serious consequences for its financial system and government finances.
This time is NOT different.
Big moves across sectors today. I'll be Talking Markets w/ @forexstophunter today LIVE at 4pm ET for our final live chat before an August break. Come hang with us. @the_markethouse
Up this morning on @NTLiveMedia at 8:00 AM ET, join us for the Morning Gap Macro Show with @maggielake filling in for @AnthonyCrudele
Special Guest: @TFMkts up at 8:30 AM ET
https://t.co/HQ6RUelSg1
Talking Markets live with the wonderful Mish Schneider, Chief Strategist @marketgauge at 4pm today. Yep, I've missed her too! Come join us @the_markethouse
Join us tomorrow for the Morning Gap Macro show @NTLiveMedia with the lovely @maggielake filling in for @AnthonyCrudele at 8:00 AM ET
SPECIAL GUEST: @Atomicrod at 8:30 AM ET for the nuclear energy fans!
You do not want to miss this one. Link:
https://t.co/j0FhGYCLDp