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"It's Probably Something" - Gold Surges Above $1200; USDJPY, Oil, Stocks Plunge

"It's Probably Something" - Gold Surges Above $1200; USDJPY, Oil, Stocks Plunge

With US markets failing to hold on to today's "Deutsche Bank" euphoric gains today despite, or rather due to Janet Yellen's Congressional testimony, traders in mainland China remains locked out due to the Lunar New Year holiday, while Japan is mercifully taking a break - mercifully, because otherwise the Nikkei would be crashing. However, one market is back online as Hong Kong traders return to their desks to see carnage around the globe, and most importantly, are unable to hedge arbed exposure between China, Japan and the US.

Inflation Expectations Around The Globe Just Hit Record Lows

Inflation Expectations Around The Globe Just Hit Record Lows

Having seen what monetary-policy failure looks like in Japan.. and in the US, we now turn our attention to the world. Amid NIRP temptations, growth fears, and faltering faith in central banker control, market-implied inflation expectations have collapsed to record lows. Worse still, even The Fed's own survey of consumer's inflation expectations has slumped to record lows.

Inflation expectations are collapsing... (US and Europe at record lows - worse than the lows in the middle of the last crisis)...

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