Monday, May 2, 2016

100% Idiocracy: An Undying Faith In Money Printing

Printing money to create effortless wealth only works when you print an unlimited amount of it. No half measures will suffice...

ZH: May 2, 2016
Goldman Throws In the Towel on USDJPY Rally for Now

"Until the BOJ stops being so lazy with their money printing program, we are now bearish USDJPY" 

In other words, $3 trillion of balance sheet expansion which is now backfiring and unwinding, is not enough. You can do more dammit!!!

The dumbest society in human history...
BOJ balance sheet (red) with USDJPY:

China unwinding visualized...

USDJPY can indeed fall much further: