Bank of Japan to pump $1.4 trillion into economy in unprecedented stimulus

Bank of Japan to pump $1.4 trillion into economy in unprecedented stimulus. Targeting 2% inflation – of course, now other countries will now have to inflate [devalue their currency] in order for their exports to remain competitely priced. Q: Imagine a street intersection with 4 gas stations, one on each corner. If a price war breaks out, which station owner will “win”? A: The stupidest owner with the most money to lose.

This post was last modified on January 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (2)

  • The big question now is whether the Eurozone or Japan will be the first to go belly up. I only worry about this because our own domestic Progressives are so addicted to playing 'Follow the Leader' that they will demand we jump down the same rathole as soon as possible.

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