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Enjoy the show.

Hi everyone, welcome to the real vision daily briefing. It's Wednesday, July 21st, 2022,

and today was all about the central banks. The Europeans hiked, the Japanese did not,

and weak US data raised serious questions about the Fed's policy. What does it all mean for the

markets and the economy here to discuss is David Wu, macro strategist and founder of David Wu

Unbound and our very own Weston Nakamura. Great to see both of you. Weston, let's just jump

right in and start with you. The European Central Bank move seems like it's further isolating Japan

and its insistence on keeping rates negative as you had been pointing out all the time on Twitter.

So what jumped out at you from both of these decisions? So help us unpack them.

You know, Jay, you know, nothing changed, policy unchanged. They basically have yield curve

control in place. 25 basis points is the upper bound for yield curve control on 10 year JDB.

...