Brothers, wake up, stop staring at the fluctuations of those few points on the market. Today (December 4), the Bank of Japan has released a true macro nuclear bomb: it is assessing the level of the neutral interest rate.
I think this is much scarier than just shouting for interest rate hikes.
What does it mean to assess the neutral interest rate? It means the Bank of Japan is done playing around; they want to completely end the 'free money' era of the past thirty years and forcefully pull interest rates back to a normal level.
What does this mean? The largest 'IV drip' in the global financial system is being pulled out.
In the past, Wall Street borrowed trillions of almost zero-cost yen to buy U.S. stocks, U.S. bonds, and Bitcoin. This is called 'yen carry trade,' and it is also the biggest engine of global asset bubbles.
Now, the Bank of Japan wants to shut down this engine:
The cost of borrowing will soar, and the yen will appreciate. Those institutions that rely on borrowing yen to survive will have to forcibly liquidate global risk assets to repay their debts.
Trillions of funds are starting to flow back and withdraw; it has already begun.
In the face of this macro tidal wave, the market capitalization of the crypto market is nothing. The world assumes Japan is stable, but now it has not only moved but is also going to overturn the table.
It's already this time, be cautious, cautious, and more cautious! Don't get buried and not know how you died.#全球经济衰退 #宏观经济 
