Just a few days ago we wrote that “Something Is About To Break” and prompt a capitulation from one or more central banks, which oddly was met with mockery in the comment gallery. Also, a few week ago, we said that we are nearing a moment in time when central banks will do QE and rate hikes at the same time.
Third Seal: Scarcity on Earth: “When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales[a] in his hand.” Rev. 6:5
(LAGARDE SAYS TOOL WOULD KICK IN IF SPREADS GO TOO FAR, TOO FAST QT on slow and gentle days QE on fast and furious days)
Finally, for much of the past year we have said it is only a matter of time before the coming market crash and economic collapse forces central banks everywhere, not just in one or two countries, to pivot as the price of economic collapse and tens of millions unemployed is far, far greater than simply shifting the inflation target from 2% to 3%.
And then, just moment ago, we were once again proven right on all three when – with UK 30Y gilt yields having exploded in recent days above 5% in an exponential move that can only be described as the bond market breaking…
Read More @ Zero Hedge HERE
