In a strategic move, the Bank of Japan (BoJ) has opted to keep its monetary policy untouched, maintaining a negative 0.1 percent short-term interest rate and a 1 percent yield on 10-year government bonds.
Can't taper a Ponzi... more debasement in the books!
I knew it! Keep them Toyotas moving.
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Lol! Greets to NY
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How is everything? Back in Spain?
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Yes fine, thanks. I'm sitting in the sun having a coffee right now. Lovely winter here with 18-20 degrees C. How are You?
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We had a nice rain/wind storm yesterday that took down some trees. I don't mind a good storm. It's getting colder here as winter approaches, but all is well inside with the wood stove.
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Sounds lovely (except the thing with the tree).
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Yes. I must get in gear and do my morning chores. I misplaced my motivation!
Alright. I am going to visit Tom in Spain. It is like the "day after tomorrow" outside right now where I live. We had snow and rain yesterday and a lot of wind so everything froze over. Looks pretty cool but tenuous for walking.
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You're always welcome. I've been in Germany for a few days and directly got a flew (first in 5 years!). I need the sun like my air to breeth.
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-0.1% is wild
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They can't even get back to 0!
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Who was the first to say you can't taper a ponzi?
So awesome, so succinct.
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