Tuesday, July 5, 2016

Central Banks Have Lost All Control

Central Banks have lost control of the Ponzi Scheme. The average zombie with an IQ of a shoe size has no fucking clue. They still haven't figured out that 0% after seven years doesn't mean it's a good time to own "stocks"...

Tonight again, China and Japan exhibited the fact that they have lost all control over their respective currencies. China weakened massively against the dollar, while the Yen strenthened massively against the dollar. 

The Scylla and Charybdis of currency implosion:

Yuan / Dollar (black)
Yen / Yuan (red)
One Year



Yuan / Dollar



"It was a bad time to own Amazon"

Global Yields, new lows across the board today...



Obama's Liecovery is over...the sock puppet of the day can step away from the teleprompter and take his place in the pantheon of dunces with his predecessor...

When short-term and long-term yields fall in unison, the cycle is over. This is not yield curve "flattening", as total retards believe, as indicated by the circles. This is economic implosion...