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BOJ: Joker of the Central Banks September 11, 2016

Posted by hslu in Economics, Global Affair.
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QBank of Japan looks to clarify policy confusion but markets still bewildered – http://www.cnbc.com/2016/09/11/financial-times-bank-of-japan-looks-to-clarify-policy-confusion.html

This simple chart illustrates the frightening force driving the economy July 10, 2016

Posted by hslu in Economics, Global Affair, Gold.
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Grant Williams, the author of the widely-read financial publication “Things That Make You Go Hmmm” and co-founder of Real Vision Television, says we’re experiencing something “truly historic” in the global economy. In a new 40-minute video presentation called “Crazy,” Williams highlights the extraordinary levels of global debt and unprecedented monetary policy we’ve seen since the 2008 financial crisis. Following the 2008 financial crisis, central bankers unleashed ultra easy monetary policy.

CNBC.com Article : Bond market is in an ‘epic bubble of colossal proportions,’ says Boockvar July 10, 2016

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Bond market is in an “epic bubble of colossal proportions,” says Boockvar

Negative interest rate is a dangerous game being played by central bankers who don’t know how it will end.

They are digging a hole for themselves but Yellen is piling dirt on top of them at increaing speed.

Japan is going negative, except January 29, 2016

Posted by hslu in Economics, Global Affair, Japan.
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Negative population growth.

Negative GDP growth.

Negative wage growth.

Negative foreign currency reserves growth rate.

Negative loan growth rate.

Negative foreign direct investment growth rate.

Negative current account growth rate.

The 10-year Bond rate is declining and may go into negative soon.

The list goes on.

And today, we have another negative added to the growing list:

Negative interest rate on some deposits.

It appears that the massive Quantitative and Qualitative Easing (QQE) implemented initially by BoJ’s Haruhiko Kuroda on April 4, 2013 and followed by a series of others are not working to pop the inflation rate to 2% target.


Something in Japan is positive though: BoJ’s balance sheet and Japan’s national debt.


Japanese central bank balance sheet. Source: http://www.tradingeconomics.com/


Japanese national debt as a percentage of GDP. Source: http://www.tradingeconomics.com/


Source: Bloomberg

But, the picture isn’t very pretty.

Japan is moving on a slippery slope heading into the land of no return.



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