One of the greatest risks facing investors remains our unelected central planners at the Federal Reserve.
Takeaway: The "Land of the Rising Sun" is looking more desperate with each passing day (and each BOJ market intervention).
"The #BeliefSystem in central-market-planning...
"...continues to break-down as Global Growth Slows," Hedgeye CEO Keith McCullough wrote in his Early Look morning missive to subscribers.
In case you weren't already aware, he added ... Japan is the epicenter of all things “central-market-planning innovation.” Watch what's going on there very closely. The Nikkei was down (hard) again -1.3% overnight on a Yen move that did nothing – despite the Bank of Japan “buying” (every day into the close).
For the record, the crash in the Nikkei Composite Casino (from the 2015 top in the Global Equities bubble) is back to -21.5%.
This movie is going to get very interesting.
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Editor's Note: This is an excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
If you don’t get that Demographics is the #1 causal factor on slower and lower for longer, you’re definitely not reading Hedgeye’s Demography Research (see Chart of The Day for details on the rate of change in growth for the 35-54 year old US population).