"I can tell you right now. The next six months are going to be hell. And probably we are looking at 20% drop in the DOW now with the .7% GDP, this is horrible. And we have 20 Trillion in debt, and many have massive credit card debt. I believe if Yellen raises the interest rates 2 more times, the entire thing is going to collapse. I am not saying there isn’t a good reason to raise them, it is a matter of timing and damn it this is not the time."
Is the Japan action why the DJIA went up 400 points today?
Japan Just Lit the Fuse on a $9 Trillion Debt Implosion
Last night the Bank of Japan implemented Negative Interest Rate Policy, or NIRP.
It is the second Central Bank to do so. The European Central Bank or ECB first went to NIRP in June 2014.
Thus, between Japan and Europe, over 20% of the world’s GDP is being managed by a Central Bank with NIRP.
More importantly, TWO major currencies in the world are now at NIRP while the US Dollar is at 0.5%.
Why does this matter? Because hundreds of billions of Dollars in capital will be fleeing Japan to come to the US.
(snip)
Yup, that is why.
Why would they repatriate?