Tag Archives: BOJ

  • Blog
    acting-man.com

    How Many More “Saves” Are Left in the Central Bank Bazookas?

    Very few, it seems
    by charleshughsmith

    Thursday, February 19, 2015, 2:45 AM

    23

    The remarkable success of grandiose pronouncements, money-printing programs and serial expansions of credit raises a key question: how many more “saves” can the central bank bazookas fire that will have the desired effects of maintaining perceptions of central bank omnipotence and pushing global markets ever higher?

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  • Podcast

    David Stockman: The Global Economy Has Entered The Crack-Up Phase

    And will be characterized by these 4 developments
    by Adam Taggart

    Sunday, February 15, 2015, 7:42 PM

    65

    Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

    David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments:

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  • Blog
    Amitiel/Shutterstock

    Central Planners Are In A State of Panic

    Japan's black swan flaps its wings
    by Chris Martenson

    Thursday, November 6, 2014, 1:36 PM

    10

    Everything the central planners have tried has failed to bring widespread prosperity and has instead concentrated it dangerously at the top.   Whether by coincidence or conspiracy, every possible escape hatch for 99.5% of the people has been welded shut.  We are all captives in a dysfunctional system of money, run by a few for the few, and it is headed for complete disaster.

    To understand why, in all its terrible and fascinating glory, we need look no further than Japan.

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  • Blog
    soft_light/Shutterstock

    Ready Or Not…

    The unsustainable status quo is ending
    by Chris Martenson

    Thursday, September 25, 2014, 8:00 PM

    45

    If risk has been taken from where it belongs and instead shuffled onto central bank balance sheets, or allowed to be hidden by new and accommodating accounting tricks, has it really disappeared? In my world, risk is like energy: it can neither be created nor destroyed, only transformed or transferred. 

    If reality no longer has a place at the table — such as when policy makers act as if the all-too-temporary shale oil bonanza is now a new permanent constant — then the discussions happening around that table are only accidentally useful, if ever, and always delusional.

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  • Blog
    Everett Collection/Shutterstock

    I Blame The Central Banks

    For the coming bond bubble disaster
    by Chris Martenson

    Thursday, August 28, 2014, 12:17 AM

    43

    The current bubble in financial assets — in both equities and bonds of all grades and quality — raging in every major market across the globe is no accident.

    It's a deliberate creation. An intentional result of policy.

    Therefore, when it bursts, we shouldn't regard the resulting damage as some freak act of nature or other such outcome outside of our control. To reiterate, the carnage will be the very predictable result of our terribly shortsighted decision-making and defective logic.

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  • Blog
    © James Steidl | Dreamstime.com

    Japan vs. Newton (and Certain to Lose)

    Running head first into hard limits
    by Chris Martenson

    Tuesday, April 9, 2013, 1:17 AM

    32

    Conventional thinking and reporting has it that Japan is conducting a larger version of the same monetary experiment they’ve been running for about 15 years.  The implication here is that we can safely analyze what Japan is up to through the same monetary lens as always, but with a slightly wider aperture.

    By now, we are all familiar with the details.  Japan has initiated a program of monetary expansion that goes by the shorthand of 2-2-2.  In 2 years, the Bank of Japan (BoJ) will fully double the monetary base as they seek a minimum of 2% inflation.

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  • Daily Digest
    Image by PhillipC, Flickr Creative Commons

    Daily Digest 3/5 – ‘Massive Layoffs’ Predicted In Law Schools, The Wealth Beneath

    by DailyDigest

    Tuesday, March 5, 2013, 4:20 PM

    7
    • ‘Massive layoffs’ predicted in law schools due to big drop in applicants
    • BOJ nominee Kuroda sets out aggressive policy ideas
    • BMO Lowers Mortgage Rate To Record Low; Flaherty Warns Against Lending War
    • Info boss says B.C. isn't writing down key decisions to avoid public scrutiny, FOI requests
    • Calvin McCraw, Homeless Oklahoma Man, Lets People Vent To Him For 50 Cents A Minute
    • Four Things To Know About The Next Big Budget Battle
    • Zambia, Zimbabwe and Botswana: The wealth beneath
    • China Overtakes the US to become the World’s Largest Oil Importer
    • Shell to build LNG plants in Ontario and Louisiana
    • Toyota's i-Road to debut at the Geneva Motor Show
    • Taiwan tests recycling's limits with bus stops out of bottles

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  • Insider

    How the Market Failure Will Happen

    Get out or get short
    by Chris Martenson

    Thursday, February 28, 2013, 3:34 PM

    53

    Executive Summary

    • The central-planning Status Quo will fight to the bitter end in order to keep stock and housing prices elevated
    • HFT algorithms dramatically increase the odds of immediate "air pockets" in stock prices
    • Persistently high gasoline prices are choking economic growth
    • A parade of economic headwinds (weakening GDP growth, higher taxes, the impact of Obamacare, sequester cuts, chronic unemployment) are blowing increasingly stronger
    • Powerful TBTF ("too-big-to-fail') interests are likely supporting the Fed's current efforts to boost asset prices
    • Both near-term and long-term history tell us that the more asset prices are artificially increased, the farther they eventually fall, as intervention hits its point of diminishing returns
    • Why you don't want to be long in this market when that happens

    If you have not yet read Part I: Warning: Stocks Likely to Crater from Here, available free to all readers, please click here to read it first.

    Hey, Where's My Cheap Gasoline?

    Expensive energy is a serious drag on economic growth.  It always has been and always will be, for obvious reasons.

    The average person can be forgiven for being confused by the recent spike in gasoline prices. Since early 2012, there has been a concerted effort to tell the tale that the U.S. is producing more oil than it has in a long time and is on track to rival Saudi Arabia.  

    Literally hundreds of articles have breathlessly repeated the same information over and over again, like all good marketing programs should.  But here in 2013, gasoline is on track to set price records and possibly make this year the most expensive one in history for gas prices: 

    How can this be? What is going on? How do we reconcile all the reports of record-breaking advances in U.S. oil production with these concurrent record-high gasoline prices?

    The answer starts with the fact that the U.S. still imports 40% of its daily oil supply and is nowhere near energy independence when it comes to petroleum. This means that the U.S. remains wedded to the world price of oil, which remains quite elevated in price with Brent crude remaining stubbornly elevated between $110 and $120 a barrel over the majority of the past year…

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