Just days ago as the FED supposedly stopped QE, another Central Bank (the Bank of Japan) stepped up to the Keynesian plate with more QE.
Overnite the Japanese Yen puked against every other fiat currency, and the USDJPY carry trade is merely a sideshow as Japan continues its drive to hyperinflation.
Monday, 3 November 2014
Central Bank Follies................from Rico
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