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Home>Crisis Watch>Nikkei Plunges 1,143 Points (7.32); Global Equities Hammered; Start of Reflation Bubble Bust

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Nikkei Plunges 1,143 Points (7.32%); Global Equities Hammered; Start of Reflation Bubble Bust?

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Mish

Global Economic Analysis

Published : May 23rd, 2013

86 words - Reading time : less than a minute

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	The Nikkei plunged a whopping 1,143 points as the following chart shows. Global Equities Hammered It's not just the Nikkei that's being hammered. Asia-Pacific is in a rout as well. click on chart for sharper image Start of Reflation Bubble Bust? Is this the start of the great reflation unwind? I don't know, but we should all hope so. The bigger the bubble the bigger the crash, and this Fed (central bank in general) sponsored equity and corporate bond bubble is enormous. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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