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.
Author: 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.
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