"I think people are underestimating the pace at which the Bank of Japan ๐ฏ๐ต is going to end up tightening."
Well... the parabolic puts Japan's 10 year yield from 2.75% to 4.0% in the next 45 days, so @AdamPosen could be right.
Rising yields defend currency depreciation, so if BoJ allows this sharp move to happen then goodbye Yen Carry Trade...๐ฌ
There's always a possibility Japan sacrifices their currency even further to Yen 180:1 USD to save U.S. markets though.
Either way, this ends in a sovereign debt crisis & stock market crisis. The decision they have to make is if they want both at the same time.
"I think people are underestimating the pace at which the Bank of Japan ๐ฏ๐ต is going to end up tightening."
Well... the parabolic puts Japan's 10 year yield from 2.75% to 4.0% in the next 45 days, so @AdamPosen could be right.
Rising yields defend currency depreciation, so if BoJ allows this sharp move to happen then goodbye Yen Carry Trade...๐ฌ
There's always a possibility Japan sacrifices their currency even further to Yen 180:1 USD to save U.S. markets though.
Either way, this ends in a sovereign debt crisis & stock market crisis. The decision they have to make is if they want both at the same time.
@waltwizzney@michaeljburry I agree with the end of this, but rolling it out takes time. housing cycle is 18 years & rolling over on schedule. IMHO it rolls over B4 they control grid us with programmable prison dollars.
โTheyโ want us broke and panicked while they pillage everything of value at a bargain.
Itโs not XLM itโs Canton, itโs not Canton itโs XRP, itโs not XRP itโs chainlink.
Youโre all fucking children.
Once the multi chain world is live itโs a competition for use case efficiency.
Grow up fhaygotz.
@FinanceLancelot@jam_croissant Meditations taught me that human nature doesnโt changeโฆI just wish theyโd all hit mass hysteria and save the bond market already.
@leadlagreport โMarket conditioned to buy the dip hard.
So it needs to break hard, then rebound sharply, then dip even harder.
Needs to break the spiritโ
@DowdEdward is in the same camp
@GeoRebekah Those are FEDโs and that woman literally took a shit on the floor of the train minutes before those dipshits boarded. Go watch the video.
The Clarity Act is funny.
You have a bunch of fiscally irresponsible assholes in Congress larping as is theyโre responsible vassals of the people, while the bond market is breaking and weโre all cooked.
Keep debating though, we totally donโt need Clarity in addition to Genius.