marketoracle.co.uk / By Michael Pento / Mar 27, 2014 – 04:07 PM GMT
Bank of Japan Governor Haruhiko Kuroda.
I first warned about the impending bust of Japanese Government Bonds (JGBs) when I wrote “Abe Pulls Pin on JGBs” back in January of 2013. In that commentary I laid out the math behind a [...]
goldsilverworlds.com / February 19, 2014
Whether it has been the American version or that pioneered by the Bank of Japan, QE is first and foremost an experiment in psychological manipulation. All central banks derive most of their “authority” from moral suasion, that old textbook “axiom” of getting market participants to act in the manner in [...]