Ian Reynolds
- Swiss National Bank cuts a bigger than expected 50bps, rates now approaching zero
- Canada cuts 50bps and for the fifth meeting in a row
- European Central Bank cuts 25bps and for the fourth time in 5 meetings
- US PPI came in much hotter than expected, YoY rising to 3%
- US CPI didn't go down further with core YoY at 3.3%
- US Treasury yields back up to danger levels
- US dollar in bull market
- China's continual stimulus isn't working
- China 30 year bond yield below 2%
- Even the Reserve Bank of Australia pivoted to dovish
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