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JPY10 Trillion Intervention Half-Life: 5 Hours; Full Fade: 9 Hours

Tyler Durden's picture





 

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':

 

 

USDJPY spike, half-life and full decay

 


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Wed, 09/19/2012 - 08:17 | Link to Comment MillionDollarBoner_
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No too much bang for your buck - or Yen, either

Wed, 09/19/2012 - 08:20 | Link to Comment HelluvaEngineer
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Eh, they're not worth anything anyway.

Wed, 09/19/2012 - 08:28 | Link to Comment Short Memories
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I'm still waiting for AKB48 to sing and dance to sell the earthquake reconstruction bonds! I thought that was due in June

Wed, 09/19/2012 - 08:34 | Link to Comment Stackers
Stackers's picture

Thats not flying. Thats falling .... with style.

~Woody

Wed, 09/19/2012 - 08:43 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Hardly worth the effort really.

 

Wed, 09/19/2012 - 08:47 | Link to Comment SWRichmond
SWRichmond's picture

Get your ass back to your computer and click some more, dammit!

Bernanke: "we credit their accounts [electronically]"

Wed, 09/19/2012 - 08:54 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Bernanke: "we credit their accounts [electronically]"

 

I haven't seen a dime of that money.

 

Wed, 09/19/2012 - 09:16 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Central Bank 'Renormalization' of economy, Ctl+Alt+R...there, all better now.

Wed, 09/19/2012 - 10:33 | Link to Comment trebuchet
trebuchet's picture

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........................

 

 

Wed, 09/19/2012 - 09:29 | Link to Comment JPM Hater001
JPM Hater001's picture

"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

Wed, 09/19/2012 - 08:43 | Link to Comment francis_sawyer
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What does ETC, ETC, ETC mean in Japanese?

~~~

http://www.youtube.com/watch?v=N4RhCy126RA&feature=related

Wed, 09/19/2012 - 09:41 | Link to Comment CcalSD
Wed, 09/19/2012 - 10:04 | Link to Comment WatchingIgnorance
WatchingIgnorance's picture

I'll take Fiat Currency for 1 Trillion Alex.

Wed, 09/19/2012 - 08:18 | Link to Comment D-Man
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Samurai QE?

Wed, 09/19/2012 - 08:59 | Link to Comment kralizec
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It's Yen-tastic.

/

Wed, 09/19/2012 - 08:19 | Link to Comment LawsofPhysics
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Currencies dying everywhere.  Got physical?  Was it Bass that said the yen will die first?  Could he be right?

Wed, 09/19/2012 - 08:26 | Link to Comment LongSoupLine
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yes, yes and yes.

Wed, 09/19/2012 - 08:30 | Link to Comment Deep79
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The yen is strenghing to us dollar

What the hell you taking about

 

 

 

Wed, 09/19/2012 - 08:42 | Link to Comment LawsofPhysics
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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...

Wed, 09/19/2012 - 08:53 | Link to Comment Deep79
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So explain how the yen will die  first?

 

 

Wed, 09/19/2012 - 09:13 | Link to Comment LawsofPhysics
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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..

Wed, 09/19/2012 - 09:10 | Link to Comment exi1ed0ne
exi1ed0ne's picture

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.

Wed, 09/19/2012 - 08:36 | Link to Comment debtor of last ...
debtor of last resort's picture

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.

Wed, 09/19/2012 - 08:21 | Link to Comment jbc77
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Love it.......

It appears as though we are reaching the outer limits of the printing press.

 

Wed, 09/19/2012 - 08:21 | Link to Comment Cultural Capital
Cultural Capital's picture

"Change" you can believe in

Wed, 09/19/2012 - 08:55 | Link to Comment GetZeeGold
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Gosh.....I "hope" so!!!

Wed, 09/19/2012 - 08:23 | Link to Comment Peter Pan
Peter Pan's picture

Those ink-jections don't seem to be working much anymore.

Wed, 09/19/2012 - 08:40 | Link to Comment Wakanda
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Better hook up the big iv drip.  Oh wait...

Wed, 09/19/2012 - 09:11 | Link to Comment exi1ed0ne
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"We've secretly replaced these patients IV's with Folgers Crystals. . ."

Wed, 09/19/2012 - 08:24 | Link to Comment LongSoupLine
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Pretty sad when a buzz from a $2.00 40oz of Old English lasts longer than  10T yen

Wed, 09/19/2012 - 08:25 | Link to Comment TheSilverJournal
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Not all the CTRL + P is accounted for. Currency still has value.

Wed, 09/19/2012 - 08:26 | Link to Comment john_connor
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No one cares anymore.  Eventually cash flows will shrink to the point where the ponzi implodes.

Wed, 09/19/2012 - 08:40 | Link to Comment Peter Pan
Peter Pan's picture

These guys are such maniacs that they will still manage a Dow Jones high the same day they declare a bank holiday.

Wed, 09/19/2012 - 08:27 | Link to Comment babylon15
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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?

Wed, 09/19/2012 - 08:27 | Link to Comment schatzi
schatzi's picture

So after this failed attempt to adjust exchange rates, will the head of the BoJ commit Seppuku?

Wed, 09/19/2012 - 08:30 | Link to Comment Sheeple Shepard
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Y10 Trillion vaporised in 9 hours, that's fabled Japanese efficiency in action that is. Germans turn next and they are REALLY efficient.

Wed, 09/19/2012 - 08:30 | Link to Comment Debtonation
Debtonation's picture

Obviously it wasn't big enough.  Let's make that Y100 trillion.

Wed, 09/19/2012 - 08:30 | Link to Comment fonzannoon
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How in the hell is crude trending down, if even for a day...with qefinity..?

Wed, 09/19/2012 - 08:45 | Link to Comment LawsofPhysics
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The house of Saud promising more output - FAIL.  BTFD.

Wed, 09/19/2012 - 08:40 | Link to Comment fonzannoon
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gold just dropped 7 bucks in one tick and 30 seconds later it recovered 6 bucks with nothing else materially changing. 

Wed, 09/19/2012 - 08:43 | Link to Comment Peter Pan
Peter Pan's picture

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.

Wed, 09/19/2012 - 08:44 | Link to Comment LawsofPhysics
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You can bet some algo-bots made a "profit".  You and I, not so much.

Wed, 09/19/2012 - 08:47 | Link to Comment fonzannoon
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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.

Wed, 09/19/2012 - 08:41 | Link to Comment eddiebe
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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.

Wed, 09/19/2012 - 08:41 | Link to Comment booboo
booboo's picture

Another BENZI, er I mean BANZI attack thwarted by entrenched Machines, opps I mean Marines.

Wed, 09/19/2012 - 08:42 | Link to Comment Ol Man
Ol Man's picture

Japan is NOT Uganda...

 

;)

Wed, 09/19/2012 - 08:55 | Link to Comment GetZeeGold
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Good news for Seal Team Six!

Wed, 09/19/2012 - 09:01 | Link to Comment Money 4 Nothing
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And China is not BRICS, so what's the point?

Wed, 09/19/2012 - 08:44 | Link to Comment Thought criminal
Thought criminal's picture

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!

Wed, 09/19/2012 - 08:46 | Link to Comment Hobbleknee
Hobbleknee's picture

Do it again with even moar! That'll fix it.

Wed, 09/19/2012 - 09:01 | Link to Comment youngman
youngman's picture

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...

Wed, 09/19/2012 - 09:05 | Link to Comment buzzsaw99
buzzsaw99's picture

say hello to my little friend! [/scarface bernanke]

Wed, 09/19/2012 - 09:07 | Link to Comment adr
adr's picture

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.

Wed, 09/19/2012 - 09:59 | Link to Comment AynRandFan
AynRandFan's picture

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.

Wed, 09/19/2012 - 13:56 | Link to Comment Overflow-admin
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Keyboard struck on CTRL+P

 

 

Brings a NEW understanding of infinity...

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