Bank of Japan

The Great Misconception Of A Return To "Normal"

The narrative seems to be that 2009 was a one off event and that the central banks role was and still is to "stabilize" the situation until things "normalize". But right there...that idea that 2009 was a "one-off" or "abnormal" couldn't be more wrong. 

Economic Depression And Denial: "We Want To Believe We Aren't Japan"

"And so the longer it goes on, people seem to believe the greater the chance that something just has to go right. It is a happy a comforting thought, aided in emotional manipulation by the constant mainstream optimism. In that belief, every minor uptick is extrapolated far beyond its true significance as that thing that will surely restore positive balance and order."

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to "sell the news" while caution set in as the ECB met.

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World stocks hit a new record high on Tuesday, with investors still cheering Macron's victory in the first round of the French presidential election, supported by speculation about U.S. tax reform and the overnight report that Trump has conceded on the border wall, eliminating a government shutdown as a potential risk.

We're All Yen Traders Now

At almost 90% of GDP, the Bank of Japan’s balance sheet is just bat shit crazy! No other way to describe it...

The Illusion Of Liquidity

As my mom used to say: “It’s all fun and games until someone gets their eye put out.”

Goldholics Anonymous

With the rising global political tensions, gold has gotten a bid over the past week. But is that what is driving the price?