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FED Emergency Meeting Amid Historic Japanese Stock Market Correction
Blockchain News ^ | 8/5/24 | Blockchain news

Posted on 08/05/2024 5:58:57 AM PDT by C210N

According to @CryptoMichNL, the Federal Reserve (FED) is holding an emergency meeting today following a historic correction in Japan's stock markets. This significant market event could potentially impact global financial markets, including the cryptocurrency sector. (Source)


TOPICS: Business/Economy; News/Current Events
KEYWORDS: fed
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To: C210N

I heard the yield curve might un-invert today too.


21 posted on 08/05/2024 6:23:46 AM PDT by suasponte137
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To: C210N

So, is it Black Monday yet?


22 posted on 08/05/2024 6:23:52 AM PDT by baclava
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To: Dr. Thorne
Expect a short-term jump in the markets.

Aka, 'Dead Cat Bounce'.

Watch out, that falling knife is VERY sharp.

23 posted on 08/05/2024 6:25:57 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: NautiNurse

Yeah and the NASDAQ was almost in circuit breaker territory in the premarket.


24 posted on 08/05/2024 6:26:06 AM PDT by suasponte137
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To: Dr. Thorne

I think the market is pricing a 75% chance they were going to do a 50 basis point drop in September...unless they cut them now.


25 posted on 08/05/2024 6:27:18 AM PDT by suasponte137
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To: C210N

My read on this is that it began due to Yen traders and is rippling throughout world markets.

This could easily turn into a crisis, a ‘false flag’ of sorts if that’s what they intend.

But one thing is clear: Fed just lost one customer for “deficit dollars”…


26 posted on 08/05/2024 6:34:51 AM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: TexasFreeper2009

Thanks for the reminder. Going out right now and filling my gas tank.


27 posted on 08/05/2024 6:36:23 AM PDT by mware
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To: C210N

Probably a good day to buy Japanese stock if you know how.


28 posted on 08/05/2024 6:37:21 AM PDT by UnwashedPeasant (The pandemic we suffer from is not COVID. It is Marxist Democrat Leftism.)
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To: C210N

There go all the market gains in the last 3 1/2 years.

Thanks for nothing Kamala.


29 posted on 08/05/2024 6:39:02 AM PDT by 1Old Pro
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To: UnwashedPeasant

JPNX is the ticker if you want it.


30 posted on 08/05/2024 6:39:42 AM PDT by suasponte137
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To: C210N

I am not economist, but I would think an emergency meeting about an overdue correction ( and its just 3% or so) might send the wrong message and end up causing more concern than this deserves.

We were due for a recession before COVID, and the one during COVID was pretty tame. This has been coming for years. It happens.


31 posted on 08/05/2024 6:43:36 AM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: Skwor

He dumped about half of his shares of Apple.

Berkshire Hathaway has been holding its largest cash position ever. Meaning he(they) correctly perceived that the entire market was OVERPRICED. That it was overdue for a correction.
Do not blame him for being right.

The Bank of Japan raised interest rates for the first time since 2007. This caused the value of the Yen to go up in comparison to other currencies like the US dollar. In simple terms this meant for 14 years you could borrow $100 dollars and at the end of the year repay $100.40 dollars. So, banks could borrow $10 Million US dollars worth of YEN and invest it in something like US Treasuries making 5.3 %. Basically, making 5% on someone else money. This has all changed.

So, big investors have to now sell the equities and repay the loan to the bank of Japan because of a margin call. Those investments could have been in stocks, gold, Bitcoin, US Treasuries, futures, basically EVERYTHING.


32 posted on 08/05/2024 6:43:39 AM PDT by woodbutcher1963
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To: C210N

Hmm, seems like I remember the last global financial crisis was the last in a long chain of incredible “coincidences” that gave us a Leftist President.


33 posted on 08/05/2024 6:56:55 AM PDT by SecondAmendment (The history of the present Federal Government is a history of repeated injuries and usurpations ...)
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To: mewzilla

Right, they’re gonna raid the till and let the chips fall where they may!


34 posted on 08/05/2024 6:58:51 AM PDT by SMARTY (In politics, stupidity is not a handicap. Napoleon Bonaparte I)
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To: suasponte137

“..JPNX is the ticker if you want it....”

LOL...good luck trying to access online brokerage accounts right now.
Fidelity came up ok. Schwab is having a few “problems” right now.


35 posted on 08/05/2024 6:59:11 AM PDT by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created..." )
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To: Skwor

Yep! They have to stop the onslaught before it gets out of hand. I’ve never seen the feds jump into the water so fast as they have this morning. If it would’ve been Trump they would’ve let it ride. These people are evil! Continue to pray that God removes the blinders of the people and see the demons behind the curtain.


36 posted on 08/05/2024 7:02:29 AM PDT by RoseofTexas
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To: RoseofTexas

Besides I have no bull in this game so let it sink!


37 posted on 08/05/2024 7:04:36 AM PDT by RoseofTexas
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To: RoseofTexas
In an unprecedented move, the U.S. Federal Reserve (Fed) has reportedly called for an emergency meeting today. This meeting aims to reassess interest rates as global markets experience severe downturns. Moreover, analysts expect a Fed rate cut by 50 basis points (bps) after the meeting...
38 posted on 08/05/2024 8:44:33 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: C210N

Jump out the windows out and climb Mt. Everest back up.


39 posted on 08/05/2024 10:10:09 AM PDT by Sequoyah101 (More important than why there was nobody protecting the AGR roof, how did Crooks know that?)
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