The real worry is the economy in the Eurozone.
Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
The one-month yield is 21 basis points higher than CPI, not seen since 2009.
Their “Everything Bubble” is being pricked “gradually,” and they don’t like it.
US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis.
This will dog the stock market going forward.
How the “Yield Curves” Stack Up in central-bank manipulated bond markets.
Some flat spots disappear, new ones form.
Sez Fitch & Yellen.
Crackdown efforts by bank regulators are put on hold.