Its new role as “debt-buyer of first resort” raises a whole litany of concerns.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
And the spike in mortgage rates will come in handy.
The fear of further yuan devaluation.
“Landlords have been unable to raise rents…”
“Economic Shock & Awe” turns into “Nightmare Without End.”
Something weird is going on – that’s all everyone knows.
The “Doom Loop” resurges.
The Alliance is in place.
Zombification of EU banking system gathers momentum.