Today's Economic Data Docket - Nothing: A Few Speeches, One POMO And BOJ Begins Two-Day Deliberations

Tyler Durden's picture

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Josephine29's picture

I saw the problems of the Bank of Japan put well earlier.

There is no “magic bullet” for the Bank of Japan


We are left with a feeling that there is not much the Bank of Japan can do to help. With interest-rates already so low there is no scope for help from them and QE has simply not worked in Japan and even  the real believers in QE may be wondering how much scope is there to improve an ten-year government bond yield of 1.2%? So the Bank of Japan in my opinion only has one policy option which is to keep credit conditions as relaxed as possible so that they do not act as a drag on any recovery. There is no “magic bullet” available which may come as a grim reminder that central banks are not as powerful as many have implied over the credit crunch period.


So much for the supposed power of central banks...



PaperBear's picture

Meanwhile, the delivery demands continue to drain the COMEX of registered silver.

Should we be waiting (im)patiently for this paper pyramid scam to come to an end or hope that it keeps going just a little while longer so we can accumluate more physical silver at these suppressed prices ?


PaperBear's picture

Yep these central banks are not all-powerful. But will governments resort to legislating more and more thieving ?