This is having financial ripple effects across the earth.
September 21 (King World News) – Peter Boockvar: I’m going to harp again on my continued point that what happens to the Japanese JGB market doesn’t stay in Japan and has global ripple effects when it comes to bond yields. To highlight, exactly 5 years ago, the 10 yr JGB yield was at just .04%. Yes, .04% and closed Friday (they had a holiday today) at 2.99%. Talk about a rate move and it began when the BoJ first loosened yield curve control and then eventually ended it. Japan for decades has been the architect of modern day interest rate suppression, replicated by the Fed, the ECB and others but those days are clearly over.
We are getting some relief on crude oil today on hopes that maybe Trump meets with the Iranian president at the UN but I will include charts here on gasoline and diesel as they continue higher and remains the main energy pain points as we know.
Reflecting this and other rising costs, Old Dominion Freight Line today “announced a general rate increase (GRI) of 4.9% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs effective October 5, 2026.”
Why?, “this GRI is designed to help offset continued cost pressures related to real estate, equipment, technology, and competitive wages and benefits for our employees.”
Manheim on Friday released its mid-month September data and said wholesale used car prices fell 1% m/o/m and down .4% y/o/y. What they said was most interesting, “That decline is enough to tip the y/o/y comparison negative for the first time in 2026.”
Further, “Following a record setting Labor Day, gas prices have continued to move higher amid renewed unrest in the Middle East. As of mid-month, Compact Cars and EV’s were the only major segments with values above year-ago levels, potentially reflecting greater demand for fuel efficient vehicles. Still, even EV values are cooling, but less dramatically than the overall market.”
Now with respect to the Fed rate increase and its flow through to auto financing rates, auto lenders try to match the length of the loan with the same Treasury maturity, so loans 3 to up to 8 years (some are being stretched that far) are more sensitive to market driven rates.
Gold & Silver
To listen to James Turk discussing the massive upside breakout that silver and gold are on the cusp of taking out CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss gold, silver, miners, oil, coming food shortages and more CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Silver May Soar Back To All-Time High In First Quarter Of 2027 CLICK HERE.
GET READY: Massive Food Shortages Are Coming CLICK HERE.
Look At Who Just Said Ignore Volatility Because Gold Price Headed To $6,000 CLICK HERE.
The Edge Of A Full-Blown Collapse CLICK HERE.
Gold Surges Over $100 This Morning As Crisis Intensifies CLICK HERE.
This Crisis Just Hit Extremely Dangerous Levels CLICK HERE.
This Will Ignite A Historic And Terrifying Stock Market Crash CLICK HERE.
Look At What Just Hit A 24-Year High, Diesel Prices Have Skyrocketed Along With Crude Oil CLICK HERE.
Gold Update As Bankruptcies And Interest Rates Soar CLICK HERE.
Miners vs Tech Stocks, Plus A Look At The Surging Inflation Story CLICK HERE.
Buckle Up For What May Be The Wildest Week Of Trading This Year CLICK HERE.
Nomi Prins Just Predicted Silver Will Hit $200-$300 In 12-24 Months CLICK HERE.
A Major Crisis Is Now Unfolding CLICK HERE.
It’s Boom Time For Silver Miners As US dollar Nears Historic Breakdown CLICK HERE.
Despite Volatility, Gold Price Headed A Lot Higher As Oil Soars CLICK HERE.
Fade The Pullback: Gold Miners Coiled To Skyrocket As Monetary Madness And Surging Inflation Continues CLICK HERE.
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