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FINANCE U

Creak! Pop! The Yen, Banking Stress & Housing

The yen slices right through Japan’s defensive line at 160, housing sales slump as prices make one last push into truly insane territory and the equity “”markets”” are not behaving as if they are tethered to either economic data or geopolitical risk.

The User's Profile Chris Martenson June 27, 2024
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In this week’s Finance U, Paul Kiker and I discuss the many creaking and popping sounds emanating from the global financial system.

In Japan, $100 billion of interventions only managed to keep the Yen from breaching the 160 barrier for a short while.  Man, $100 billion sure doesn’t go as far as it used to!

Meanwhile, the US equity markets are unhinged from reality, floating along on a sea of liquidity dumped on them back in November 2023.  How much longer can they ignore the manifold signs of a slowing economy and the risk of a global war?

It’s hard to say, but everybody should have a plan, just in case.

Meanwhile, the struggles are real for median-income households as home prices skyrocket, rents explode higher, and inflation at the grocery store and for insurance products are much worse than advertised.

Add it all up and making financial decisions today is a difficult proposition.

But one thing stands out as a near certainty – the Fed will be “forced” to return to buying government debt before the year is out.  This next round of Quantitative Easing (or QE) will ignite the next round of even more serious inflation.


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