You Won’t Believe What The Bank Of Japan Just Did
The Bank of Japan’s very recent change of heart has apparently been strong enough to do the same for incoming Prime Minister Shigeru Ishiba. Sounding aggressively hawkish where it came to interest rates just last week after his surprise ascent, suddenly he’s completely changed his tune. Why? The answer can be found in another record low for a highly critical US$ market.
Eurodollar University’s Money & Macro Analysis
Bloomberg Ueda Keeps Rate Hikes in Play, Talks Down BOJ’s Part in Meltdown
https://www.bloomberg.com/news/articles/2024-08-23/boj-s-ueda-still-plans-to-hike-rates-if-economy-meets-outlook
Bloomberg Ueda Reiterates That BOJ Will Lift Rates If Outlook Realized
https://www.bloomberg.com/news/articles/2024-09-03/boj-ueda-reiterates-stance-of-lifting-rates-if-outlook-realized
The New York Times Stocks in Japan Tumble After Party’s Election of New Prime Minister
CNBC Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
https://www.cnbc.com/2024/09/30/heres-why-japans-stocks-are-plunging-after-shigeru-ishibas-win.html
BNN Bloomberg Ishiba Ally Sends Signal to Warn BOJ Against Rate Hike Too Soon
https://www.bnnbloomberg.ca/business/international/2024/10/02/japans-ishiba-isnt-necessarily-pro-boj-hike-new-minister-says/
Bloomberg Japan’s Ishiba Rules Out BOJ Interest Rate Hikes For Now
https://www.bloomberg.com/news/articles/2024-10-02/boj-s-ueda-briefs-new-pm-ishiba-on-market-developments
Bloomberg Ueda Hints at Dovishness After New Prime Minister Urges Caution
https://www.bloomberg.com/news/articles/2024-10-02/ueda-hints-at-dovishness-after-new-prime-minister-urges-caution
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
45 Comments
Why do you keep saying hiring is down when payrolls beat expectations?
"central banks, central banks, central banks"
Definitely pay attention to exchange rates. It's reflecting debt dumping in major ways
It appears global economists are looking for (or hoping for) a crisis instead of adjusting for an overdue correction.
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Whenever Jeff scared, Market Shoots up Higher
Poor Japanese. Made poorer and poorer by stealth inflation. 😢😢😢
It does not matter what Jeff thinks, it only matter what the market think.
I try but can’t handle the cadence. I’m too dumb to listen to Jeff regardless. S&P going down 10-15% by eoy imo.
Japan has a nation of savers and that makes a HUGE difference…the US is a nation of spenders…WE WON'T EVER FARE BETTER THAN JAPAN. 😮
Thank you financial Jesus .
Jeff is the best contraindicator i could ever hope for. Baba calls are now a 4x. Thanks Jeff!
Japan is the USA's lap dog, and they are told to keep the Yen carry trade alive by their overlord the US government and the US government is owned by the big tech companies who want their over priced stocks to stay propped up.
I said it many times: WITHOUT HEALTHY AMERICAN CONSUMER THE WORLD'S ECONOMY IS DOOMED!
And yet STILL no attention paid to the only question:
What will increase economic activity in the U.S.?
Suicidal stupidity.
7 billion people on the planet and the world is worrying about the economy of the US? Does that make any logical sense?
Things Mr Snider has been wrong about over the past few years but isn't man enough to admit:
Oil: He has zero understanding of the Oil Market, WTI, Brent, RBOB, Crack Spread, Contango/Backwardation etc. He tries to sound smart talking about Contango, while falsely stating "The IEA's entire job is to sell oil to the world…" IEA does NOT sell oil.
US Treasuries/Interest Rates (The Bond Market): Often referring to USTs as "safe and pristine collateral", Jeff and his partner Steve rode the TLT Bond ETF down from the 170's before finally capitulating below 100/share.
Inflation/Deflation: "It's not that inflation is a small possibility, it's near impossible because we're in deflationary depressionary conditions…people think there's going to be inflation, but there never is…"
The CPI was 0.1 YoY when he said that on 5/11/20 and he still, to this day, maintains "It was never inflation".
Gold: On 4/18/23 he stated "You can't use Gold…"
Recession: Multiple times Jeff has stated "summertime is the time for recession"; despite the fact that only two of the last ten recessions occurred/started during summer.
Is this bullish for Gamestop GME?
Both dems and repubs VOTE TO counterfeit fiat money to pay our national debt… and more. What do we call counterfeiters???? CRIMINALS. Clearly, our discontents stem from this. Donald and Kamala lie about bitcoin…FOLLOW THE MONEY…FIX THE MONEY.
Fantastic breakdown!!
BRICS Summit this Month might be illuminating?
Asian Markets seem to need a bit less travel time.
Getting along with the Neighbors looks more profitable
than fighting for the US Empire.
Jeff "You Won't Believe How Much I've Lost in Bonds" Snider. Debunked.
Great video thanks for this
Anyone actually buy the chumps course?
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Another day another market crash video
Freaking out and at all time highs…ummmm
147 plus to the US Dollar right now. Up 3.50 yen in 24hrs.
got all in gold in japan and having a party !!
OK. That was one of your best videos in a long time. The emphasis on an about face interest rate policy shift in Japan so soon after an election, and against expectations based on who won, (that was a joke), was spot on (that was a joke too). Good job Jeff. You finally caught the tuna. Now it's time to bring it in. 🗾
its all fine in japan.. and its even more fine when u have all your cash in gold.. hardly inflation here in japan !!! cheap housing, cheap and stable food.
America remains the world's largest economy and a slowdown here is likely to spread grief across the globe. It is amazing so many people simply don't understand the dire implications America's slowing economy will have on the world. The article below delves into how other countries manufacture the goods Americans buy which makes America a key component in their economies. Considering much of the global economy is dependent on exports to the US, the world should expect more problems ahead. https://brucewilds.blogspot.com/2024/09/slowing-economy-in-america-to-result-in.html
This Is
All As
Clear As
Mudd To
Me…😵💫
It's deja Vu all over again.
Idiots are still obsessed with "how do we take everything and make it look like it's the working mans own fault' and the ship is going DOWN man
I don’t believe it…. What did they do and why???
He is a woke
yay cheap yen.
Right on time
They are desperate to keep this market up.
Annnndddd yet the markets go up and up and up!!!
UP ONLY BABY!
So what did Japan just do? 18 minutes, I couldn't precisely get it? Elect a new central bank governor?
In the Bible, Revelation 3:9 refers to a synagogue of Satan, which is a group that persecutes the church and claims to be Jewish but is not. The phrase appears in both Revelation 2:9 and 3:9, which are letters to the early Christian churches of Smyrna and Philadelphia.
I tell you what happened … They got a call from Yellen.
Japanene now is a Cash ATM for their Western Master. Pity can't help. Dog have to listen to their master😂.