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Yen, Ruble, Dollar
Old 10-31-2014, 10:09 AM   #1
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Yen, Ruble, Dollar

It's always amazes me that Billions of dollars change hands in an instant.

Yen Declines to 7-Year Low on BOJ Monetary Easing - Bloomberg

No comment... just sayin'

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Old 10-31-2014, 10:23 AM   #2
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You forgot to mention the Euro. It just left the on-deck circle and entered the batters box...

edit: forgot to add - no money is changing hands, it's mostly a bunch of ledger entries, zeros and ones ..

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Old 11-01-2014, 09:34 AM   #3
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A follow up from Forbes:

Has The Bank Of Japan Started Another Round Of Central Bank Wargames? - Forbes

and from Fortune:
Japan's latest economic stimulus exposes its dirty debt secret - Fortune

This gets pretty murky. Maybe a good time to try and understand the relationships between the Central Banks. As far as I can see, no easy way to simplify the subject.

So... QE4?
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Old 11-02-2014, 05:41 AM   #4
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For me the simplest way to understand it: Devaluing the currency is a good way to lower all wages in a country at the same time as well as taxing its wealthy without having revolution break out.

Really neat solution in a democracy: the uninformed don't realize what you are doing, the informed minority usually are wealthy with influence but: Since the really wealthy usually own assets internationally those don't get hit, an extra bonus.

Problem is it only works when you are the only one doing it, and evidently the Eurozone, Japan and the US are all democracies with a wage and tax problem.

And China really doesn't like getting more expensive too fast too.

In the end I think most will realize this economic war is a little bit futile, and hopefully we all get back to the real issue: creating meaningful work and distributing the wealth in a reasonable way.
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