Japan is PLUNGING and it’s Spreading to the Rest of the World
Carry trade is back! In reality, it never left. Not because of BoJ rates hikes or threats, rather all the growing evidence the US isn’t at risk of recession, so many indications showing it’s here. Oil and gasoline are crashing. Curves unwinding. Forward rates project…a total mess. In time for all of the fun, JOLTS shows job openings plunge and layoffs jump.
Eurodollar University’s Money & Macro Analysis
CNBC Job openings fell more than expected in July in another sign of labor market softening
https://www.cnbc.com/2024/09/04/jolts-july-2024.html
CNBC Nikkei sees worst day since early August sell-off; Taiex leads losses in Asia as tech stocks fall
https://www.cnbc.com/2024/09/04/asia-pacific-markets-set-to-fall-after-recession-fears-heighten-nvidia-tumbles.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
47 Comments
The US government has been always mismanaging money for decades. It is now reaping its lack of responsibility you can’t print money endlessly, and expect everything to stay the same. Every country should dump to US dollar.
Loosing 300k of population a year will do that.
The Western Domino Effect happens fast…and it was Not built overnight…in human mental inertia the first step is to deny something for many years….then .
What’s with the cannibal in the thumbnail?
Bird seeds dropped significantly in price at Walmart yay! Nobody's buying that's why yay!
Wow, you mean a giant pyramid scheme of stamp collecting (stocks) that exists solely to prop up other pyramid schemes like big tech (just bans and spaghetti code) or a bunch of bloated marketing run arounds which all only exist anyway to insinuate the biggest pyramid scheme of all our debt economy is falling apart?
Who would've thought a system built on lies and nobody having shit could fail?
Japan's biggest problem is the plunging population. Due to low birth rates. It's about to happen throughout the west too. The end of 'increasing numbers of consumers' has arrived. Now businesses need to plan for perpetually reducing numbers of consumers
How do we protect our wealth? Gold? Bonds?
Kamala and Joe are knocking the cover off the ball!!!! I hope we get another 8 years of prosperity!!!!
Let me get this straight. Interest rates go up, sell, sell, sell! Interest rates go down, sell, sell, sell! Crash!
The people in charge of our money & our future, have turned out to be a bunch of foxes in our Hen House… If you start doing stretches now, maybe you'll be able to kiss your A$$ goodbye, when it's time to do…
price of oil is down. inflation is down. interest rate is going down… how is that bad ?? dude: take a chill pill !
Hyper inflation coming soon.
Money printing soon.
GOLD is on the rise….and there is a REASON for that. maybe you cannot see the reason for dumping stocks NOW…but Warren Buffet DOES.
Heresy financial called it after the first big dive. He said that we were only half way there. I guess he was right
What I see is a lot of people with power trying to keep a recession at bay to support the Democrats in the US election. But like putting fingers in a dike as the dike continues to weaken, all they are doing is making the recession to come even worse. Heck I believe they may even see a deep recession as useful to pass the policies and laws THEY want passed for more control over peoples freedoms. But the dike is failing faster than they can prop it up. Germans falling back into recession, Japan in decline, China and a host of problems. and then job posting and job hirings in the US dropping more and more. I can only hope the collapse happense in September or early October, for maximum impact on the elections.
My poor little brokerage account got hammered this week.
This is for daring to be sovereign and criticise Israel genocide in Gaza.
Japan is so radioactive nobody can live there. Who would invest until they fix Fukushima?
no! the fed can't ease. it's a currency war. if fed eases then US dollar will collapse
All by design
Well if you follow Sean Foo you would have known this 6 months ago.
Thanks to "climate change " and useless sanctions on Russia, financing a loosing war 32 countries against 1 and still getting their ass kicked, sanctions on China for being a better and cheaper manufacturer.
So, if Japanese interest rate increase leads to carry trade sell of, will US FED interest rate decrease have the same effect?
Get educated on economics and economies……or get a regular job….gloom and doom is getting old!
"our MOST robust economy and record jobs"
if you haven't seen the results means it hasn't reach you yet.
The Empire of lies is crumbling down…..
All stock markets around the world are coming down. Can no longer pumping air to keep the bubbles up without hyperinflation. That game is coming to an end in a year or two most.
Definitely count on the Feds to destroy the economy, Greenspan, Paulson , Powell, their expertise.
I live and work in China but I'm saving in US dollars and I'm seeing the USD slowly coming down in the recent months. What should I do? Exchange the USD for Chinese RMB now? Or should I keep holding the USD for a future rise? Every advice is welcome, thanks!
Bro, beware the power of the printer. Don’t fight the Fed…..but get some BTC and Gold…..and Ammo and Spam😅
All those employment data is fake! Hahahha! They did it all to get Biden/Harris reelected. But now they got a recession! You can’t make this shit up. Buy BTC and Gold.
Excellent report 👍👍👍👍👍👍
After a solid rebound in economic activity in the first half of 2023, Japan's economy has since struggled. Real gross domestic product fell 0.5% in the first quarter of 2024 from the previous quarter and was down 1.3% from its peak in the second quarter of 2023. Does that sound to you like Japan's economy is "plunging"?
I’m done with central banks say.
Chart the Nikkei 225 over the past 10 years and convince yourself that present valuations are not wildly too high,
Don’t even need to know, when Biden got Yellen, in the back pocket of the Federal Reserve, saw it a mile away. Gotta kickstart that reset somehow, enjoy paying the bill.
The continuously changing economic conditions in our society have made it necessary for thousands of people to find additional sources of income. Personally, I am looking at the stock market to fuel my retirement goal of $2m, my concern is the recent market crash.
So now we know the canary 🐦in the proverbial coal mine is a Japanese 🎌 one.
😆 "Even J Powell has thrown in the towel."
Their starting the global tracking UBI system.
You left PRISE HIKING… if energy/fuel is down the saving has not been passed to consumers…
Why work when 90% of the population wants to be a YouTube sensation, TikTok influencer, or OF 😂….. Society now in days is lost
Im ready to work if they are willing to pay . That's my reality.
The sky is falling 😢
These guys cry all the time.
silver is free .. but a lumber 2x3x7' at, "HOME DEPOT, RONA' IS $3.65/each
10oz silver is $14.21… but a 2x3x7' lumber at RONA, HOME DEPOT costs, $3.98/each
The yacht $78.832 million ..10,000 liter diesel not included
Upper Canada 🍁
KJV*
Amen
You can't wage a worldwide trade war with the country the supplies not only the world, but your own country with 90% of everything it uses, threaten it with war, and think you are going to maintain a rosy economic outlook. This is a self inflicted wound to temple by idiots. Japan can no longer float the U.S., if does, its going down and not coming back.
Whatever happened to that meltdown? Ah yes, Fed gone back to helicopter cash and rate back to new normal ZERO