While political acolytes were debating the optimal email server for storing exceptional bullshit on, CasinoConomy was melting down in broad daylight. Today, Walmart was only confirming what the bond market is seeing aka. "the cliff"...
"Volatility" is ready to explode:
The fake recovery has been delayed until never:
Interest rate expectations fell off a cliff today (black line)
Interest rate expectations fell off a cliff today (black line)
w/U.S. deflation (red line)
Which means that the great dollar rally that monkey hammered commodities and Emerging Markets is ending. Don't tell Prechter & Company that another (fifth) wave count failed.
aka. The fool or the one that follows...
All of which means that it's the Yen's turn to play whack-a-mole with financial markets:
Yen/Dollar:
Yen/Dollar:
Hourly
:30 Minute (black line) with S&P (red line) aka. "Overnight risk":
