TFMR Podcast – Thursday, June 16

Well, things have sure gotten interesting, haven’t they? The Fed proves their ineptness, the POSX tanks, bonds soar and stonks tumble. That’s a tasty brew for the PMs and we had another pretty solid day.

So we talk about all of that today but begin by asking you to pay special attention to the Japanese and Asian open this evening. Lots of talk about JGBs this afternoon and some crazy yield quotes, too. Will Mr Kuroda be forced to fall back and defend a new, higher yield level? That would seem like a suicidal thing to do but crazier things have happened…even just this week….

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