BREAKING: BANK OF JAPAN ANNOUNCES AN UNSCHEDULED MARKET CRASH
— Not Jerome Powell (@alifarhat79) December 20, 2022
The Financial institution of #Japan blinked and pivoted in the other way. After artificially holding the 10-year JGB yield at .25%, the BOJ simply raised the goal fee to .5%. Extra hikes are coming. Within the U.S. this implies the #greenback and asset costs will fall and #inflation will rise.
— Peter Schiff (@PeterSchiff) December 20, 2022
The Japanese central financial institution has misplaced management.
If charges rise to three% yield, 100% of the Japanese price range goes to paying curiosity on their debt.
Is the market predicting a Japan default (large devaluation)?
Italy, Greece and EU subsequent? pic.twitter.com/kpZHZ8OT5x
— Wall Avenue Silver (@WallStreetSilv) December 20, 2022
That is it!!! The Japanese bond market might have collapsed; and in that case we’re weeks away from the endgame.
Japan Securities Clearing Corp (JSCC), the equal of US’s DTCC, points emergency margin name.