Seems they think that because BOJ holds more than half of its own debt that everyone can play the same game.
In 08 when things broke it happened quick but not so quick that they couldn’t respond. This time round things are going to break and cascade and they’ll be clueless how to stop it when it kicks off for real
Are we in the cascading phase already?
Please Login to reply.
Nah not yet. Expect failures in multiple markets (ie banks + insurance + CRE) in multiple geos in a short space of time, that’s when people will realise the Emperor never had any clothes to begin with
Looks like it won’t be long…
