Posted on 06/11/2015 1:13:21 PM PDT by Lorianne
Markets ignored clear warnings in Europe and America that the money supply is catching fire, signalling a surge of inflation later this year ___ The global deflation trade is unwinding with a vengeance. Yields on 10-year Bunds blew through 1pc today, spearheading a violent repricing of credit across the world.
The scale is starting to match the 'taper tantrum' of mid-2013 when the US Federal Reserve issued its first gentle warning that quantitative easing would not last forever, and that the long-feared inflexion point was nearing in the international monetary cycle.
Paper losses over the last three months have reached $1.2 trillion. Yields have jumped by 175 basis points in Indonesia, 160 in South Africa, 150 in Turkey, 130 in Mexico, and 80 in Australia.
The epicentre is in the eurozone as the "QE" bet goes horribly wrong. Bund yields hit 1.05pc this morning before falling back in wild trading, up 100 basis points since March. French, Italian, and Spanish yields have moved in lockstep.
(Excerpt) Read more at telegraph.co.uk ...
I confess that I read articles like this with the Jonathan Cahn “harbinger” and September 2015 warning in the back of my head.
The author tries to connect so many pieces of data to support a conclusion that I can’t follow it.
What I get from it is that the central bankers and rate-setters can do no more to correct the problems they created.
Is this the beginning of something big? Or another false alarm?
Maybe this ties in with the warning Drudge was tweeting about. Who knows?
http://www.freerepublic.com/focus/f-news/3299142/posts?q=1&;page=73#73
Every once in awhile Drudge sends out something scary and cryptic that never takes place.
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