I love this line from Peter Boockvar:

“If you live in Japan and thought about selling stuff in the closet on EBAY, hawk it to the BoJ instead.”

Awesome.

Category: Federal Reserve

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

17 Responses to “QOTD: Japan’s Ongoing QE”

  1. Mannwich says:

    Could probably say the same about the Fed here with QE-4-eva looming.

  2. Chief Tomahawk says:

    Um, is ye ol’ Fusion IQ calibrated for a global currency collapse? The gold barometer, breaking out to new highs, suggests something’s brewing.

  3. wally says:

    How do you create private demand in an economy with an aging population?

    We are expanding the list of things proven to not work – such as QE directed at banks and large institutions. But, hey, you might as well do something, even if it’s wrong.

  4. Thor says:

    Wally –

    “How do you create private demand in an economy with an aging population?”

    Elder care of all kind.

  5. Mannwich says:

    @wally: What you speak of has many ramifications of which we haven’t even begun to see the effects:

    http://www.startribune.com/local/104317188.html?elr=KArksUUUycaEacyU

    Politically if the retired boomers have the greatest numbers of motivated voters, then how will this affect the nation’s policies? It could well create a severe climate of inter-generational conflict.

  6. franklin411 says:

    @ Mannwich

    It already has…immigration is the only thing keeping our population relatively viable.

  7. franklin411 says:

    PS–Although I can foresee a future in which our most intelligent and important males are selected for a re-population project. Naturally, they would breed prodigiously, eh? There would be much time, and little to do. But ah with the proper breeding techniques and a ratio of say, ten females to each male, I would guess that they could then work their way back to the present gross national product within say, twenty years. I hasten to add that since each man will be required to do prodigious… service along these lines, the women will have to be selected for their sexual characteristics which will have to be of a highly stimulating nature.

  8. Mannwich says:

    @f411: Here’s a really good one that was posted by another commenter on another blog:

    http://www.nationaljournal.com/njmagazine/cs_20100724_3946.php

    The Perfect Storm? It doesn’t look good to me. And our politicians are only all too happy to pander to this very big and powerful voting bloc.

  9. VennData says:

    Frank, you mentioned the ration of ten women to each man. Now, wouldn’t that necessitate the abandonment of the so called monogamous sexual relationship, I mean, as far as men were concerned?

  10. peter north says:

    @franklin411 & VennData: I’m yer huckleberry.

  11. wally says:

    Frank, you mentioned the ration of ten women to each man

    I suppose they’d have to work when they weren’t pregnant. A two-income family just doesn’t make it anymore.

  12. franklin411 says:

    <3 Strangelove! =P

    And Mannwich, yes that's an interesting development. It's not unprecedented though…Remember, we had massive waves of immigrants from Eastern and Southern Europe from 1890-1920. Today, these people are considered "white," but back then they were looked down on as "lesser beings" to those of Western European stock.

    The culture war of the 1920s was largely a war between the "New" immigrants and the "Old" immigrants. The Old Immigrants dominated the 1920s, but the New immigrants dominated the 1930-1960 period, which led to the New Deal.

    So we'll see!

  13. ToNYC says:

    It works both ways, with the laws being what they are, one is more than enough to take you to the cleaners. As our esteemed Chairman somberly passed on his advice to our new crop of grad students at a rare Happy Hour visit, ” Men, there’s nothing more expensive the a free f*ck.”

  14. Ironic that the BoJ will probably be buying everything BUT gold!

  15. ZackAttack says:

    They are misdiagnosing and mistreating a secular issue of solvency and demographics as a temporary issue of liquidity and confidence.

    I would argue that they have never understood the problem they’re trying to solve.

  16. Marc P says:

    Why is Japan purchasing all these toxic assets? Forgive me, but I have not been following Japan’s economy recently. They had a banking crisis back in the 1990s. Is this new round of asset-purchasing left over from the first bank bailout or is this from a new bank bailout?

    And what makes us think that doing the same thing as Japan will have a different result?

  17. michaelismoe says:

    “And what makes us think that doing the same thing as Japan will have a different result?”

    Because THIS TIME IT’S DIFFERENT!