Wednesday, December 7, 2016

Jap CB pins the long rate shades of USA 1942 ...what next ? dive ?

The limits of CB action

Just start buying foreign currency buy buy buy. ....

Okay some day the yen resurfaces and there's a paper loss

But what's "the real loss "
if yens are freely produced by the JCB ?

Seems stubborn out put prices create a wonderland for CB nominal heroics
Anything nominal is possible and of course nothing real to speak of ....