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Old 01-29-2016, 10:38 AM
 
4,231 posts, read 3,558,959 times
Reputation: 2207

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I thought years of endless QE rounds and zero interest rates would be a major blow to Keynesian crooks

It seems they are going to double down on that.

Bank of Japan adopts negative interest rate policy

Probably all CBs were waiting for someone to pull the trigger so it happens

Now i assume ECB will follow more aggressively and FED later.

Anglo-Saxon land will join as well.

Another bad thing is now Chinese don't have a choice as well.

Renminbi will be devalued massively and even PBOC may start QE too

Jesus, what a world we're living!!!

Only enemies they have are gold and cash now.

Watch out people

Interesting times ahead.
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Old 01-29-2016, 11:27 AM
 
Location: Philadelphia
11,998 posts, read 12,938,715 times
Reputation: 8365
Insanity.
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Old 01-29-2016, 11:32 AM
 
Location: Orange County, CA
4,901 posts, read 3,362,273 times
Reputation: 2975
Might as well just put your money under the mattress.

Putting your savings in the bank will COST you in this scenario...
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Old 01-29-2016, 11:44 AM
 
Location: Chicago
5,559 posts, read 4,630,095 times
Reputation: 2202
A week ago the BOJ said that negative rates would not do anything, and they were not going there.

Then they were told what to do.

I hope this ends any doubts about who is running the show.
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Old 01-29-2016, 01:37 PM
 
Location: Clinton Township, MI
1,901 posts, read 1,829,480 times
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It's funny that when people like myself and Rich point out that the Central Bankers are the REASON for the bloated stock market gains, we get called every "name" in the book by the stock boys. But it's clear as day what's going on here.

The Central Bank in Japan goes to NEGATIVE rates and what happens to the US stock market? Lol, it gains 300 points! I guess they are going to try and convince us that it's "corporate profits" driving the rally lol.
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Old 01-29-2016, 02:22 PM
 
106,691 posts, read 108,856,202 times
Reputation: 80169
What you get beat up for is the fact all you do is complain about it . Others may not be happy with the way things are done but instead of whining about things they can't control they spend their time learning to profit from it AND DO . .
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Old 01-29-2016, 02:58 PM
 
4,231 posts, read 3,558,959 times
Reputation: 2207
Quote:
Originally Posted by mathjak107 View Post
What you get beat up for is the fact all you do is complain about it . Others may not be happy with the way things are done but instead of whining about things they can't control they spend their time learning to profit from it AND DO . .
Mathjak you are an opportunist

Not everyone has millions, time and information to delve into stocks
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Old 01-29-2016, 03:23 PM
 
Location: Atlanta
4,439 posts, read 5,521,009 times
Reputation: 3395
I fail to see why this is a bad thing.

Think about it, if the US adopted negative interest rates, we'd be able to run up stupendous deficits and not have to worry about paying back the debt, since it'd truly pay to borrow. The debts would shrink on their own over time without having pay back a dime.

If you're gonna go Keynesian, you need to go all the way - full on afterburners, baby!
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Old 01-29-2016, 03:34 PM
 
Location: ATX-HOU
10,216 posts, read 8,119,861 times
Reputation: 2037
Quote:
Originally Posted by J.Thomas View Post
Mathjak you are an opportunist

Not everyone has millions, time and information to delve into stocks
I started with a $3000 vanguard Wellington account... I ain't no millionaire but I got more money than I would if I had just stuffed it under a mattress, put it into a savings account, or CD.
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Old 01-29-2016, 03:35 PM
 
Location: ATX-HOU
10,216 posts, read 8,119,861 times
Reputation: 2037
Quote:
Originally Posted by mathjak107 View Post
What you get beat up for is the fact all you do is complain about it . Others may not be happy with the way things are done but instead of whining about things they can't control they spend their time learning to profit from it AND DO . .
I play the hand I am dealt, no good in complaining about the dealer.

I may not agree with everything you say but it seems you have a more pragmatic approach.
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