Could that "Something has to give" be more violent wars to neutralise her interests (hegemony, Wolfowitz doctrine)?
After all, Ukraine was the perfect proxy to weaken Putin & Russia as a force of military power to threaten the US grip. China is the other economic power that threatens US.
Powell and the Feds are captive of the US bond markets, they react to what it is saying.
That floodgate of the Yen carry trade is unraveling, not that easy for the Feds to just print money and check such violent momentum. Technically the UJ chart is today showing signs of a reversal off the trend line. I am hoping this short Yen squeeze is a healthy sign but when I see all overvalued asset classes getting hammered concurrently, there is more of this triggered Yen squeeze than meets the eye. That NVDA exponential rise usually ends in tears I suspect. Have a look at our local DRO chart!
