Japan is CRATERING, The Rest Of The World Is Next...
Japan was the epicenter for a wave of liquidations in smashing financial markets all over the world. It had all the telltale signs of a collateral and margin call. This wasn't about Japanese banks or even Japan, rather the sudden realization over the US soft landing narrative going up in smoke triggered a monster repricing and revaluation. So, what does all that mean?Eurodollar University's Money & Macro AnalysisCNBC Japan’s Nikkei logs worst day since 1987 Black Monday crashhttps://www.cnbc.com/2024/08/05/asia-markets.htmlThe Economist Why Japanese markets have plummetedhttps://www.economist.com/finance-and-economics/2024/08/05/why-japanese-markets-have-plummetedBloomberg Jolt in Credit Fear Gauges Pushes Company Borrowers to Sidelineshttps://www.bloomberg.com/news/articles/2024-08-05/asia-high-grade-dollar-bond-spreads-widen-the-most-in-22-monthsBloomberg Wall Street Hit by Fears Economy in ‘Danger Zone’: Markets Wraphttps://www.bloomberg.com/news/articles/2024-08-05/japanese-stocks-tumble-leading-equities-selloff-markets-wrap?itm_source=record&itm_campaign=Global_Stocks_Selloff&itm_content=%27Mad_Rush%27_for_Treasuries-3CNBC Dow drops 900 points, Nasdaq craters 3% in global market rout: Live updateshttps://www.cnbc.com/2024/08/04/stock-market-today-live-updates.htmlDeutsche Bank What impact is “higher for longer” having on the CLO market in 2024?https://flow.db.com/trust-and-agency-services/what-impact-is-higher-for-longer-having-on-the-clo-market-in-2024https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU