Posted on 02/11/2016 7:39:00 PM PST by TigerLikesRooster
Asia markets extend rout as Nikkei plunges 5.3%
Saheli Roy Choudhury | @sahelirc
Markets in Asia dropped sharply on Friday, with the Nikkei tumbling, after a sell-off on Wall Street as oil remained volatile and concerns about how central banks' easing measures will affect banks' earnings persisted.
"The idea that central banks are now fully targeting the interest rate structure and putting a gun to domestic banks heads in a fight to stoke credit growth is in no way an equity friendly story," wrote Chris Weston, chief market strategist at spreadbetter IG, in a morning note. The Bank of Japan blindsided markets on January 29 by cutting its benchmark rate into negative territory in a move that's sparked concerns over banks' earnings.
Japan's Nikkei 225, which reopened after a public holiday on Thursday, dropped 5.34 percent, on course to fall for seven of the past eight sessions.
(Excerpt) Read more at cnbc.com ...
P!
Wow
Broken link. Correct one is:
NIRP is coming to the US soon. The bastards are that desperate.
You know, people knock Trump for some of his ventures going into Chapter 11 protection, but at the rate we’re going, hopefully he is taking office just in time to guide us out of this unholy financial mess we’re about to be in.
This gathering storm should concerns us far more than the Cruz/trump circus we have lately. I think trump is best suited for it but Cruz probably second best suited.
Yep, 100% agree.
Wait until they outlaw cash and charge you to have your “digital” money in the bank. Spend it or they take it.
Make no mistake, that is coming.
The global Central Banks have declared War on Cash.
Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, “cash is king.â€
The notion here is that cash is a safe haven. And while earning 1-2% in interest doesn’t do much in terms of growing your wealth, it sure beats losing 20%+ by holding on to stocks or bonds during their respective bear markets
However, in today’s world of fiat-based Central Planning, cash represents a REAL problem for the Central Banks.
The reason for this concerns the actual structure of the financial system. As I’ve outlined previously, that structure is as follows:
(snip)
Nikkei is now down 2.91%. Dow futures are up 76 pts. Gold is down 1%.
Sorry Doom and Gloomers.
I was thinking exactly the same thing.
You are right.
Everything is fine.
Just buy the f***ing dip.
The band will play on forever!
I was thinking exactly the same thing.
Today I read that the Deutche Bank could go under soon.
Phoenix Capital Research shovels a lot of hype, but I don’t think they are exaggerating much in this piece.
HSBC isn’t in good shape either.
I would buy stock in printing presses, linen/cotton paper and green ink. ;-)
HSBC isn’t in good shape either.
-Rough Road Ahead-
The Treasury says to its employees...
QUICK EVERYONE TO THE PRINTING PRESSES!
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