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JPY10 Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours
It appears that the Central Banks have finally reached Peak Efficacy, after shooting themselves in the head with Bernanke's asinine QEternity which leaves nothing else to be priced in. Last night's JPY10 trillion fact (no longer rumor, whisper, or promise) of more LSAP from the BoJ had its typical knee-jerk reaction but within 5 hours it was 50% retraced and now at 9 hours the entire move (and its accompanying S&P 500 future's correlated risk-on surge) have been fully retraced. In other news, there is a rumor that the Bank of Zambia is contemplated proceeding with open-ended easing to infinity and beyond. Sadly, none of this matters at all any more as monetary policy is no longer a factor in a world in which all the future CTRL-Ping is already accounted for.
Just as we said last night, minutes after the 'event':
Thanks to the Fed's QEternity, BOJ's extra easing has zero impact
— zerohedge (@zerohedge) September 19, 2012
USDJPY spike, half-life and full decay
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No too much bang for your buck - or Yen, either
Eh, they're not worth anything anyway.
I'm still waiting for AKB48 to sing and dance to sell the earthquake reconstruction bonds! I thought that was due in June
Thats not flying. Thats falling .... with style.
~Woody
Hardly worth the effort really.
Get your ass back to your computer and click some more, dammit!
Bernanke: "we credit their accounts [electronically]"
Bernanke: "we credit their accounts [electronically]"
I haven't seen a dime of that money.
Central Bank 'Renormalization' of economy, Ctl+Alt+R...there, all better now.
This is GOOD NEWS!!!!
Finally, if monetary policy (ok its crap and inflatonaory) is being IGNORED by the market (or rather assumed to exist for now) so market looks beyond that, then main street and wall streat can work together and finally get on with the recovery.
And look at real opp costs of doing business and start sending proper signals back to markets, banks and the Bernank...!!!!! and banks can start cleaning up their crap rather than rotation mark to moon dust assets from one liquidity fix to another!!!
YEAH, things are getting SORTED!!!
And ................... PIIGS might fly too........................
"I haven't seen a dime of that money."
I-t-s e-l-e-c-t-r-o-n-i-c
shesh...some public educations
What does ETC, ETC, ETC mean in Japanese?
~~~
http://www.youtube.com/watch?v=N4RhCy126RA&feature=related
http://qkme.me/3qwvtc
I'll take Fiat Currency for 1 Trillion Alex.
Samurai QE?
It's Yen-tastic.
/
Currencies dying everywhere. Got physical? Was it Bass that said the yen will die first? Could he be right?
yes, yes and yes.
The yen is strenghing to us dollar
What the hell you taking about
Wake the fuck up. What is the Yen relative to Gold? what is the dollar relative to gold, what is (fill in the blank with your favorite fiat) relative to gold...
So explain how the yen will die first?
Contracts for commodities will no longer be settled in Yen. China is one of Japan's largest trading partners. What I am trying to figure out is how Japan (and the Yen) get assimulated. China obviously wants to assimulate Japan (that is what all this is really about) but the U.S. is very much behind the Japanese (but the U.S. is in deep shit economically and a bit over-extended shall we say). If the U.S. wasn't in bad shape we would simply buy more Japanese products (already buying Japanese debt). Interesting times indeed..
Two bums jump off the Empire State building to off themselves. As they fall, the bum on the right falls a bit faster because his rags were a little more aerodynamic. The lagging bum points to the one ahead and laughs "HAHAHA, you are in way worse shape than me!!" SPLAT. . . SPLAT.
Edit, cause I kant speel.
And what will be his profit? And is there enough time for Bass to exchange it for physical gold and silver? Pfoe, it's raining shit these days.
Love it.......
It appears as though we are reaching the outer limits of the printing press.
"Change" you can believe in
Gosh.....I "hope" so!!!
Those ink-jections don't seem to be working much anymore.
Better hook up the big iv drip. Oh wait...
"We've secretly replaced these patients IV's with Folgers Crystals. . ."
Pretty sad when a buzz from a $2.00 40oz of Old English lasts longer than 10T yen
Not all the CTRL + P is accounted for. Currency still has value.
No one cares anymore. Eventually cash flows will shrink to the point where the ponzi implodes.
These guys are such maniacs that they will still manage a Dow Jones high the same day they declare a bank holiday.
I think this raises a good question. Japan has had the ability to print, unlike Greece, and its debt problems are bigger. Yet not much printing has occurred. Why? What is holding Japan back from printing a lot more money?
So after this failed attempt to adjust exchange rates, will the head of the BoJ commit Seppuku?
Y10 Trillion vaporised in 9 hours, that's fabled Japanese efficiency in action that is. Germans turn next and they are REALLY efficient.
Obviously it wasn't big enough. Let's make that Y100 trillion.
How in the hell is crude trending down, if even for a day...with qefinity..?
The house of Saud promising more output - FAIL. BTFD.
gold just dropped 7 bucks in one tick and 30 seconds later it recovered 6 bucks with nothing else materially changing.
Forget your watch and keep an eye on your calendar. Even better just read your history books and don't worry about gold's fiat price.
You can bet some algo-bots made a "profit". You and I, not so much.
It's so in your face it is amazing. I think we should have a "punch a trader in the face day" every week. Wednesday's are good enough as any day.
Currency wise it's a race to the bottom, yet talk about Gold and Silver is largely missing from notice by most. The banksters are doing an excellent job in manipulating, and are in firm control. Even if it sometimes seems like they are not, they are laughing all the way to the bank, their bank, their bullion bank.
Another BENZI, er I mean BANZI attack thwarted by entrenched Machines, opps I mean Marines.
Japan is NOT Uganda...
;)
Good news for Seal Team Six!
And China is not BRICS, so what's the point?
This cannot be left without a response! Heli Ben needs to show everyone who's the biggest money printer and come with a counter immediately!
Do it again with even moar! That'll fix it.
This truly is the new circle jerk.....Britan is next...tehn more from the EU....then the USA...and so forth.....the trick card is if China dumps bonds..that would be fun.....I wonder how many balls these central bankers can juggle at one time....I don´t think to many...
say hello to my little friend! [/scarface bernanke]
I think me printy more Ben believes the USA can be like Japan and muddle through for 20+ years. That QE can delay an outright collapse and keep the money flowing for the wealth skimmers. In 20 years the majority of them will all be dead.
Although the general population of Japan has suffered over the past 20 years, many Japanese upper class citizens have done very well.
I've said for a long time that the overall plan is to get the boomers from retirment to death in overall comfort. The younger generations will inherit a dead world and will lack the skills to provide for themselves. Massive war and starvation will kill off billions and then the children of the 1%, who will have been sheltered in protected enclaves, can rebuild the world in the image of the Rothschilds etc.
More money, no more velocity. Escapes me entirely how the financial media except for this site and a few others ignores the fact that confidence is not improving, and every new, bolder intervention only makes the problem worse. QEternity was the last straw.
Keyboard struck on CTRL+P
Brings a NEW understanding of infinity...