This Is The Clearest Example Of A Bubble

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Think about this…

The Bank of Japan makes a tiny, minuscule, ridiculous alteration to its monetary laughing gas policy, and sends bonds and markets rolling

The Bank of Japan Is Trapped in a Loose-Money Clown Car of Its Own Nightmare Design

After hinting that it might not continue, forever, to buy every risk asset, at any price, Japanese bond yields “spiked” to…0.09%. Even this microscopic level of above-zero interest was seen as totally unacceptable, so the BOJ quickly folded, and said it would return to buying an “unlimited” number of bonds.

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h/t @dlacalle_IA


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