Silver as an investment

Category Archives: Bank of Japan

Bank Of Japan Leaves Policy Unchanged As Expected – Admits “Inflation Weakening”

As expected, The Bank of Japan left all of its various machinations of monetary policy unchanged with Kataoka the lone dissenter (preferring a more aggressive stance of yield curve control). The key line in the statement appears to be “inflation expectations have remained in a weakening phase,” which is the enabling narrative of lower and […]

The 10 “Grey Swans” Events For 2018

One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura’s Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan. As Hafeez writes, while he would like to be […]

Key Events In The Last Week Before Christmas

It might be the last full week before Christmas – with both newsflow and trading volumes set to slide substantially – but there’s still a few interesting events and data releases to look forward to next week. Among the relatively sparse data releases schedule, we get US GDP, core PCE, housing and durable goods orders […]

Global Stocks Roar To Record Highs As Tax Reform Is “Priced In” All Over Again

Global stocks and US equity futures roared upward to new record highs to start the second-to-last week of the year, boosted by optimism over a Republican agreement on the shape of U.S. tax cuts aimed at lifting growth; incidentally this is the 6th consecutive day that the “tax bill” has been priced in by the […]

Japan’s Exports Boom But Inflation Refuses To Follow The Script

Japanese exports boomed in November 2017, rising +16.2% versus a year earlier and beating consensus expectations of +14.7%. It was the fifth straight month of double-digit growth and the strongest since August. Last month, growth of +14.0% had undershot expectations of +15.7%. Imports in November grew slightly less than expected at +17.2% versus the consensus […]

Morgan Stanley: These Are The 5 Cs That Will Shape 2018

Morgan Stanley’s Chetan Ahya, global co-head of economics, who undeterred by Morgan Stanley’s dire credit outlook, is especially optimistic about the coming year, and in today’s Sunday Start writes that the bank’s key call for 2018 is that “the global cycle will stay stronger for longer” and explains that his constructive view is borne out […]

Bank Of America: “This Is The First Sign That A Bubble Has Arrived”

Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary.  On one hand, you have Lipper reporting that investors pulled $16.2bn from U.S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and […]

After $150 Billion Buying Binge, ‘Tokyo Whale’ Seen Paring Back ETF Purchases In 2018

A few months ago, we noted that the Bank of Japan had decided to throw every textbook out of the window and crank their plunge-protection to ’11’after reports surfaced that they owned a staggering 75% of Japan’s ETFs. The BOJ first started their buying spree in December 2010 – when they held no ETFs at […]

These Are The 30 Biggest Risks Facing Markets In 2018

Once upon a time, Wall Street analysts had just two things to worry about: interest rate risk and corporate profits – virtually everything else was derived from these.  Unfortuantely, we now live in the new normal, where central banks step in every time there is even a whiff of an imminent market correction (as BofA […]

Is Bitcoin Just A Brilliant Wealth Redistribution Scheme?

Authored by Valentin Schmid via The Epoch Times, Many older, wealthy people are losing out, while younger risk takers are getting rich… Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is redistributing wealth differently. For the sake of simplicity, and […]