‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

As bad as many strategists feared it would be in early trading Monday, you could argue it was worse than expected. Oil's knee-jerk reaction coming off a weekend that found Riyadh declaring a price war was breathtaking, and S&P futures traded limit-down for the first time since Trump's election. The moves across FX were astonishing. The Norwegian krone, for example, traded the weakest versus the dollar since 1985, while the Aussie, MXN and CAD were all similarly beset. It's hard to know how

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3 thoughts on “‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

  1. Don’t know why people are surprised, this is what happens when excessive monetary policy builds up a highly unstable system over years. The larger the scale and scale of interconnections, the larger the collapse. That is simple complex dynamic systems (and logic).

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