Creak! Pop! The Yen, Banking Stress & Housing
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 28 June 2024
⏱️ 73 minutes
🧾️ Download transcript
Summary
The yen slices right through Japan’s defensive line at 160, housing sales slump as prices make one last push into truly insane territory and the equity “”markets”” are not behaving as if they are tethered to either economic data or geopolitical risk.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello everybody, Chris Martinson here, and today we're going to be talking about finance |
| 0:03.9 | and economics as part of finance you. Remember, anything that you see in this video and all |
| 0:10.2 | resources available at our websites or affiliated websites are not intended as or construed us financial |
| 0:15.8 | advice. This is for educational purposes. Remember, if you have a financial decision, please |
| 0:20.7 | consult a financial |
| 0:21.7 | professional. We are not attorneys. We're not CPAs. We are not financial managers. As well, |
| 0:28.0 | we do our best to be accurate, and everything we represent is as accurate as we know it to be. |
| 0:32.5 | Now, let's turn to our program. |
| 0:34.3 | They made a comment, and I remembered it, and then they followed up, reminding us that |
| 0:39.2 | they made that comment, that basically the policy actions had guaranteed that the next bank failure |
| 0:44.8 | is going to be out of Japan. |
| 0:58.2 | Well, hello, everyone, and welcome to this edition of Finance You. |
| 1:00.5 | I'm back with Paul Kiker of Kiker Wealth Management. |
| 1:01.9 | We have a lot to discuss today. |
| 1:03.5 | We got the Japanese yen blowing out. |
| 1:09.3 | There's all kinds of stuff in the new home economic data, which doesn't look so rosy if you're not into recessions. |
| 1:29.6 | So with that, Paul, good to see again. Good to see you as well, Chris, on this heat days of summer. So, yeah, we're already in the dog days. We already had our dog days. We were up over, you know, in their 90s there for a while in June. So it's a little weird, but it's okay. It's okay. It's all right. So, well, let's let's start with this. I know nobody really knows what this means, but let's talk about it real quick. This is, there's the Japanese yen. This is |
| 1:35.2 | just on a one-day basis. It's back over that 160 mark, which, by the way, let me push this |
| 1:39.9 | back, Paul, to three months. See this? We're first bumped up against 160. That was about a |
| 1:45.2 | $50 billion intervention. There was another $50 billion, 30 to $50 billion. There was another |
| 1:50.1 | one here. So this represents about somewhere around, best guess, $100 billion of intervention. |
| 1:56.3 | And it just didn't hold, Paul. Looks like it's less bang, more buck. What do you see in there? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chris Martenson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chris Martenson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.