APM

World War III: U.S. vs. China?

Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting.

-- Sun Tzu (400-320 BC)

Beware, 'Quantitative Easing' is Hallucinogenic

Thanks for the introduction on the Japanese experience with QE, especially the charts for the movements of their T-bills rates, long term bond rates, Nikkei index, and the gold price.

The movement of the gold price at that time was a global phenomenon. It is not clear how much of that movement can be attributed to BoJ's monetary policy.