Accomplishing the Impossible
Emerging Market Currencies
What's Next for the Euro?
Eurozone Bond Disconnect
Here We Go Again
Mike "Mish" Shedlock
That's one steep slope for the S&P index. Yet the end doesn't come, but when it does boy will it hurt.
Central Banks are (pretending) to tighten and end QE (lol)at the same time money printing will set another all time record (again) this year.CB's printing so much cash they're literally runnin out of straw buyers to front the scheme!
the feds remove 250 billion of liquidity from the system accompanied by paltry rate increases and things go awry. a testimony to the fragility of this monetary model.
This will end badly as investors flee bonds for cash. The losers in bonds will have to sell stocks to pay offset their losses. The next crisis will be in bonds of all kinds. Eventually debt must get paid off or restructured. Combine the crises in 2000-2002 and 2007-2009 and that will be the size, scale and scope of the next crisis. History won't repeat itself but will rhyme.
What's wrong with the Argentine peso? Don't they have a plunge protection team?