A quick headline search for the phrases "Japan stimulus" and "helicopter money" is all one needs to understand the very familiar reason for today latest overnight global stock rally, which has sent the USDJPY surging some more, in the process pushing the Nikkei higher by 2.5%, China up over 1% (with the help of some late FX intervention by the PBOC), European stocks up 1%, US equity futures up 0.5%, and so on, in what is a global wave of green on the back of the helicopter money which after Bernanke's visit to Japan, market participants are now convinced is just a matter of time.
IEX's recent approval as a US stock exchange, against Nasdaq's and the rest of the industry's best efforts, has created a venue where fair trading takes place. As the following clip, in IEX-own words, expresses so clearly, it is hard enough already for main-street to understand and stay on top global developments. They should not need to struggle between choosing a Post No Preference Blind Limit Order or a Routed Peg Order.
Both of this year’s presumptive candidates are “low interest rate” people, all right. Their adult lives were marked by the credit cycle and their careers shaped by ballooning debt. And now, almost the entire world economy depends on low rates. We live on Planet Debt.