Tagged: BOJ

The Day Today 21 Jan 2015

* Bill White, the man who predicted the financial crisis, warns the current situation is even worse: “We are holding a tiger by the tail”; and that more QE won’t work: “Sovereign bond yields haven’t been so low since the ‘Black Plague’: how much more bang can you get for your buck?”

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The New Year’s Day Today

— Over the holiday, main stories: Greek elections now coming in Jan; ECB debate continues: Knot says no proposal for sovereign QE yet but Praet says current measures not enough and there will be negative CPI prints for a number of months that they can’t look through;

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Hands up if you’re not easing

So China cuts rates for the first time in 2 years, Abe stakes his political reputation on aggressive stimulus in Japan, and Mario Draghi rolls out another speech to bounce the ECB into action.

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