Abe Dead, Abenomics on Life Support

The universe has no trouble surprising us at times – things that make you stop and say “hmmm.” It is perhaps ironic that Shinzo Abe, architect of the greatest experiment in central bank monetary expansion and market manipulation in our lifetimes, has been shot dead as that experiment is being unwound. Naturally, the Nikkei futures are higher – which is what Abe would have wanted.Meanwhile, US markets are experiencing a little indigestion after learning that jobs growth is still strong, prompting Fed president Bostick to affirm his desire to raise rates another 75 bps this month.

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