“Modern monetary theory went from dream to reality in the space of 14-15 months.”@LeutholdGroup’s Doug Ramsey assesses whether the traditional warning sign valuation metrics still hold true in an economic setting where money printing has been crucial in holding off a recession:
— Schwab Network (@SchwabNetwork) July 2, 2020
https://twitter.com/StockBoardAsset/status/1279159479653761024
Actions speak ! Yield curve control has allowed BoJ to taper QE in the first place. Yet it has not prevented a ramp-up in JGB purchases lately even in the absence of upward pressure on rates. Deficit monetization undisguised. pic.twitter.com/O9Ui0rDf6u
— Steve Donzé (@steve_donze) July 3, 2020
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