Japan Needs A Bigger Hole?

By |2015-04-28T10:34:25-04:00April 28th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Japan continues to provide the best refutation of monetary policy as anything other than destructive. With its economy stripped bare of dynamic essentials after thirty years of the Bank of Japan’s “lead”, marginal changes are left as remnants of nothing more than monetary transmission. In the space of QQE, that has used up and destroyed what was left of Japan’s [...]