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Abe’s “Deflation-Monster”-Slaying Third-Arrow Hints Underwhelm
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / By Tyler Durden / June 4, 2013, 23:53 -0400
UPDATE 2: Nikkei 225 touches 13,000 – down 750 from Abe highs (12,815 is 20% correction from highs)
UPDATE 1: Well that escalated quickly… Abe Speech ended- NKY -450 from Abe spike highs, TOPIX -3% from Abe spike highs, JPY cracked back under 100 (80 pips from Abe spike), JGBs surging
For about 2 minutes there it looked as if we were back on track and by the power of jawbone alone, Abe could lift Japan from its malaise.
- *ABE VOWS TO SLAY DEFLATION MONSTER WITH FISCAL, MONETARY POLICY
- *ABE CALLS GROWTH STRATEGY CENTERPIECE OF ECONOMIC POLICY
- *ABE WILL THOROUGHLY REMOVE ALL BARRIERS TO CORPORATE ACTIVITY
But a mere 10 minutes after vowing to slay the deflation monster, Japanese stocks have retraced their spike gains and JPY has retraced its spike lower – but on the bright side – JGBs are bid.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2013/06/05/abes-deflation-monster-slaying-third-arrow-hints-underwhelm/
