Japanese bonds are fucked! Prepare for contagion as they sell US bonds to prop up their currency!!
(www.benzinga.com)https://www.benzinga.com/markets/22/12/30150108/bank-of-japan-shakes-up-global-markets-with-surprise-bond-moveJapan holds a huge amount of US bonds and they have already been selling them to prop up their own.
But now the situation has deteriorated and it will likely start a flood of selling that will push up US interest rates and inflation.
This to a backdrop of the derivatives market having a massive $100 trillion hole that needs to be filled by Jan 1st makes for a bleak outlook.
The markets are on the brink imho. I would honestly be surprised if they don't collapse before Christmas its that bad.
Have extra food on hand. Have some cash.
This mess will only get bigger from now on.
