"It is only monetization when the market tells us it is monetization," says a BOJ member. In...

|By:, SA News Editor

"It is only monetization when the market tells us it is monetization," says a BOJ member. In other words, if central banks hoover up government debt and yields go down, it's not monetization. Wonderful logic. Kyle Bass again takes central bankers to task for actions surely to end in a massive loss of wealth and earnings power. A bear on Japan's finances for some time, he's never been comfortable just shorting the yen ... until now. (see also)