MikeCristo8
@MikeCristo8
If Jerome Powell was going to save you.
He would have lowered rates last Wednesday.
Jerome Powell isn’t going to save you.
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MikeCristo8
@MikeCristo8
The central bankers won’t save you this time
Japan -6.5%
https://twitter.com/zerohedge/status/1820255117439885574
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MikeCristo8
@MikeCristo8
Over the next several hours.
Oil could drop to $70 bbl.
Maybe even below $70.
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MikeCristo8
@MikeCristo8
The Japanese yen is collapsing against the BRICS unit.
The USD could very well collapse this coming week.
As the carry trade unwinds.
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MikeCristo8
@MikeCristo8
Remember what I’ve been saying.
Japan can’t import oil in yen nor dollars.
Nothing can save the yen.
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MikeCristo8
@MikeCristo8
Why is the JPY/USD unwinding?
The world is selling dollars (bonds) back to the U.S. Treasury.
This will lead to a U.S. sovereign debt crisis.
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MikeCristo8
@MikeCristo8
The central banks are not going to save the system this time.
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MikeCristo8
@MikeCristo8
So Japan has to raise rates
To prevent a margin call?
Brilliant!
