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The dollar +0.2% vs. the yen following the BOJ unexpectedly increasing the size of its QE...

The dollar +0.2% vs. the yen following the BOJ unexpectedly increasing the size of its QE program. The Nikkei rises 1.2% to its highest level since early May. Key commodity prices are subdued at the moment. Can someone find an important central bank somewhere in the world that doesn't have a heavy foot on the gas?
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Can someone find an important central bank somewhere in the world that doesn't have a heavy foot on the gas?"

     

    No.

     

    It does beg the question: In Keynesian terms, if all this stimulai is being thrown at the world's economies during "recovery," what is to be done when the world's economies roll over into recession soon? Do we have to wait for a breakthrough from an Ivy League genius who can create an algorithm?
    19 Sep 2012, 07:50 AM Reply Like
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