This page has been archived and commenting is disabled.
Abenomics Explained (In 1 Chart & 4 Words)
"It Does Not Work"
* * *
Following The BoJ's "no change" decision last night, today's spin is that it guarantees moar Abenomics printagoggery in October... Sure because that has worked so well in the past!!
In fact, like all the rest, there is scarcely a block of the calendar since the “impossible” global panic in 2008 that hasn’t seen any of them doing something to expand their balance sheet or impress the “time-axis.” By my more conservative count, qualified as the BoJ doing something different rather than purely expanding or extending something already in progress, there have been 10 QE’s in Japan but using the numerical standard which has been applied to the Federal Reserve there may have been as many as 22 or more.
What none of those have amounted to is an actual and sustainable economic advance; NONE, no matter how you count them. In very simple fact, the idea that central banks “need” to keep doing them in continuous fashion is quite convincing that at the very least they don’t mean what central bankers think they mean, and perhaps worse that the more they are done and to greater extents the more harm that eventually befalls. It isn’t difficult to suggest and even directly observe that Japan’s economy has shrunk during the QE age, but that fact isn’t applicable to Japan alone (there are sure too many non-adjusted data points that uncomfortably assert the same for even the US). That would seem to at least offer a basis for a “deflationary mindset” no matter the actual economic effects.
So you truly have to wonder these kinds of days, like last week:
Global equity markets rose on Wednesday, led by an 8 percent surge in Japanese stocks, helping lift the dollar as the prospect of more economic stimulus out of Asia soothed investors rattled by recent market turmoil.
The charge into stocks pushed yields on low-risk government bonds higher, and a sale of German 10-year debt attracted bids worth less than the amount on offer. The U.S. Treasury is scheduled to auction $21 billion of 10-year paper later.
This is not so much investing or even finance as it is a cult (calling it a religion or even ideology is unjustifiably too charitable).
h/t @Not_Jim_Cramer
Charts: Bloomberg
»
- 26792 reads
- Printer-friendly version
- Send to friend
- advertisements -
Please stop with the "it doesn't work" articles! It works brilliantly for the bankers who are pushing it. Even Krugman is sipping champagne and riding around in limos. These guys are not idiots. They are richer than us for a reason, as the devil himself said.
"This is not so much investing or even finance as it is a cult (calling it a religion or even ideology is unjustifiably too charitable)."
How about just calling it what it is:
Theft.
What's the matter?
Are the emperor's new clothes too fabulous to refuse?
If you reward people for not doing work, they , stop doing work.
I am sure to get a Nobel prize for this concept.
Wait... I still need to describe how a sociopath could make money of this and phrase it in such a way that gullible people will nod their head with a look of incomprehension in their eyes.
Paging Dr. Krugman!!
Banzai! Banzai! Would not be the first time this country has committed national *seppuku*
they are not doing seppuku they are killed by japanese(?) criminal pro-american "elite", which works hand in hand with cia
it seems like they want to turn japan into sweden-like japanistan in future
How is gold valued when paper is worthless? In other words, what might it be traded for in the near future? Would it matter if it were $100,000 an ounce?
looks like it works perfectly. that's the same chart for the usa markets.
I'm certain that Japanese elites and upper level government workers are doing great.
You need to look at banker take home pay and assets to know if it works. They are banksters. That's what banksters do.
Works for the stawk market...until it doesn't, I guess.
Abe is grandson of Class A war criminal Kishi. Kishi was release from the prison to become a CIA agent. He later became a prime minister. Abe is a puppet of neocon just like his grandfather.
its well known cia will crush japan soon olympic 2020 will help the agenda
Abe is grandson of Class A war criminal Kishi. Kishi was release from the prison to become a CIA agent. He later became a prime minister. Abe is a puppet of neocon just like his grandfather.
welcome back my friends to the show that never ends, step inside step inside...
https://www.youtube.com/watch?v=C_zo0FiNheI
the music is now as crack cocaine irrelevant now as the reddies, bennies, uppers, downers and amyl nitrate that justified stupidity back then