55 sats \ 2 replies \ @grayruby 19 Jun \ on: Japan Bank to Overhaul Investments as Wrong-Way Rate Bets Trigger Bond Losses econ
The interventions will not stop and will only grow in magnitude.
What's interesting is how long Japan has been able to kick the can down the road with insane debt levels, rates near zero and the central bank owning practically everything and is this model sustainable when adopted by every developed nation?
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51 sats \ 1 reply \ @siggy47 OP 19 Jun
That's a real puzzle to me. They have been a zombie economy since the 90s, yet the average person enjoyed a solid standard of living.
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54 sats \ 0 replies \ @grayruby 19 Jun
I think it is feasible for one large economy to run this playbook. I don't think they can all do it at once but we are going to find out.
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