A tree is growing in the forest… when do you cut it down to harvest its wood? When it dies and threatens to fall on your house.
If the BoJ’s QQME with YCC were going to do something, it would have happened—or at least, begun—by now.
Euro Zone banks are not to responding to the ECB’s generous boost to liquidity by increasing their lending.
Will similarities with Japan’s banking practices of the 1970s and 1980s be the death knell for China’s economy?
The monetary data from Japan and Britain suggest that there is core weakness in the underlying economy.
The relationship between growth in bank lending and growth in the economy is far from tight.