Despite the opening segment’s title and the UK Subs classic below, it’s not a tin foil hat piece. Really.
Tag Archives: japan
Guest Market Analysis, News & Commentary
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Deflation Isn’t an Export; Crazy Talk is Michael Ashton 6.4.13
Out on a Limb James Howard Kunstler 6.4.13
Sell the Dollar? Case for Hard Currencies Axel Merk 6.4.13
Explaining the Gold Bull Market Steve Saville 6.4.13 (pdf)
Annual Report 2012 Federal Reserve Bank of St. Louis 6.4.13 (e)
Wounded Heart Bill Gross 6.4.13 (e)
Gameplan for a Completely Corrupted Market Cody Willard 6.4.13 (e)
Japan’s Easy Money Tsunami David Howden 6.4.13 (e)
March Housing Numbers B.I.G. 6.4.13 (e)
Pierced Bubbles
Here are two of them; Japan and Junk.
DXJ & HYG daily
And I distinctly remember using emerging market bonds as an indicator to bullish things a year ago. Now? Not so much. This market continues to look very opposite to a year ago.
TEI daily
Market Analysis, News & Commentary
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Let’s All Go Medieval James Howard Kunstler 5.28.13
Crash Patterns Steve Saville 5.28.13 (pdf)
Kuroda’s Gambit Doug Noland 5.28.13
Gold Coins Can Bring a Message Tom McClellan 5.28.13
Rock, Paper, Scissors John Hussman, Ph.D. 5.28.13 (e)
40 Frighening Facts on the Fall of the US Economy Zero Hedge 5.28.13 (e)
Financial Market Articles & News Biiwii.com/EWI 5.28.13
US Corporate Tax Rates Vary Greatly tBP 5.28.13 (e)
Here Comes Johnny Yen Again
The Yen conveniently turned and burned the day after this post noting that it had declined to a big time support zone. Specifically “The Yen is now at its first major support area. If it finds support here and bounces I wonder if other asset trends would reverse as well.”
Here is the daily view:
Yen daily
Much like a gold mining index we know and love hate manage risk against, the Yen has positive divergence but has proved nothing yet on this bounce because it resides below the EMAs 10 and 20 and is firmly in a downtrend. Now, trends have to end somewhere; either at zero or at a reversal point. But technically, Johnny Yen may only be doing a strip tease (song ref. folks).
In the balance hang all the other asset market trends as noted.
Guest Market Analysis
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Whose Move is it? Michael Ashton 4.2.13
Are You Going to Entropy Faire? James Howard Kunstler 4.2.13
Japan: Monetary Madness in Times of Unsustainable Deficits? Merk & Fang 4.2.13
Gold Chart of the Week Brian Booth 4.2.13 (e)
Mostly Positive w/ a Few Dogs B.I.G. 4.2.13 (e)
What Happens When a Currency Refuses to Play Ball?
Just ask Japan. The Yen has gotten pretty frisky lately despite Japanese policy makers’ best efforts. Ouch, says the EWJ fund. Even worse, the currency hedged DXJ got clobbered 4.6 % today.
EWJ & XJY. Click for full size
Again, boiling tea kettles, sling shots and trap doors come to mind. Policy makers – including Dear (Monetary) Leader here in the US – are putting a lot of pressure on their currencies. It is not a global game of Whack-a-Mole; it is a global game of Bludgeon the Living $hit Out of a Mole.
Inflation does not work. Last I checked, the US is inflating too. It’s just that there are different dynamics involved with the reserve currency and things may not shake out right on cue in the short-term.