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It was a monster melt-up in USD #Deflation last week, with the Dollar climbing +2.5% to +8.3% YTD. Over on the Burning Euro front, the Euro was torched for another -3.1% weekly loss. It’s down -10.4% YTD.
Perversely, both Japan and Europe are perpetuating Global #Deflation via their burning currency policies.
On a related note, Japan’s “Weimar Nikkei” finally stopped going up every single day. It was down -1% overnight, after being up about that last week.
Japanese GDP? It missed again. But who cares? That only gets them to print moarrr Burning Yens!
