In this report I cover the early market action from London on Wednesday, July 25th, 2018. I look briefly at the precious metals, the stock market, the dollar and the bond markets.
I also discuss the recent spike on government bond yields around the world which happened as a result of speculation that the Bank of Japan could rock the boat and announce some reversal of its monetary policy accommodation at its meeting next week.
I look back at thirty years of Japanese economic and monetary policy history and how the Japanese authorities have been the forerunner of the current extreme monetary policy that is now familiar to America and Europe. I note that the Bank of Japan is a very important cog in this Central Banking game of money printing and asset price manipulation that is now so pervasive around the world.
My conclusion is that the Central Banks (Fed, ECB, BOJ, BOE et al.) have no choice but to keep printing as if they stop the whole House of Cards that our financial and monetary systems are will coming tumbling down very swiftly.
