The Japanese central bank apparently used tens of billions of dollars of firepower to drive the price of the yen back up compared to the US dollar, but accomplished very little. This is the sort of comprehensive failure one sees before TSHTF.
The last time we had an Asian currency crisis, things were extremely turbulent and dicey. And that was back in 1997 when global leverage was a fraction of its current values. Who knows how turbulent things could get this time?
Next, the story of copper is a real head-scratcher if you come at it from a fundamental, logical angle. The basic conundrum is that the current price of copper is barely 1/3rd that needed to justify opening a new mine.
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