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Nikkei Plunges 1,143 Points (7.32%); Global Equities Hammered; Start of Reflation Bubble Bust?
Published : May 23rd, 2013
86 words - Reading time : less than a minute
( 2 votes, 3/5 ) Print article
 
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Keywords :   Central Bank | Global |

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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Mish

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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