BoJ Learns: You Can't Taper A Ponzi! \ stacker news ~econ

516 sats \ 13 comments \ @TomK 19 Dec 2023 econ

In a strategic move, the Bank of Japan (BoJ) has opted to keep its monetary policy untouched, maintaining a negative 0.1 percent short-term interest rate and a 1 percent yield on 10-year government bonds.

Can't taper a Ponzi... more debasement in the books!

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105 sats \ 9 replies \ @siggy47 19 Dec 2023

I knew it! Keep them Toyotas moving.

53 sats \ 8 replies \ @TomK OP 19 Dec 2023

Lol! Greets to NY

20 sats \ 7 replies \ @siggy47 19 Dec 2023

How is everything? Back in Spain?

53 sats \ 6 replies \ @TomK OP 19 Dec 2023

Yes fine, thanks. I'm sitting in the sun having a coffee right now. Lovely winter here with 18-20 degrees C. How are You?

20 sats \ 3 replies \ @siggy47 19 Dec 2023

We had a nice rain/wind storm yesterday that took down some trees. I don't mind a good storm. It's getting colder here as winter approaches, but all is well inside with the wood stove.

43 sats \ 2 replies \ @TomK OP 19 Dec 2023

Sounds lovely (except the thing with the tree).

0 sats \ 1 reply \ @siggy47 19 Dec 2023

Yes. I must get in gear and do my morning chores. I misplaced my motivation!

43 sats \ 0 replies \ @TomK OP 19 Dec 2023

Enjoy it

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10 sats \ 1 reply \ @grayruby 19 Dec 2023

Alright. I am going to visit Tom in Spain. It is like the "day after tomorrow" outside right now where I live. We had snow and rain yesterday and a lot of wind so everything froze over. Looks pretty cool but tenuous for walking.

50 sats \ 0 replies \ @TomK OP 19 Dec 2023

You're always welcome. I've been in Germany for a few days and directly got a flew (first in 5 years!). I need the sun like my air to breeth.