Erode that confidence, and you have a crisis on your hands.
The two biggest buyers of Japan Inc. are flying blind and don’t care.
“It will not harm the pension beneficiaries”: official
Building up a big pile of dry powder.
Record moneys suddenly pile into the material that debt crises are made of.
Benefiting hedge funds and banks that had front-run the fund.
No one knows how to back out without blowing up the whole system.
Glorious times for Draghi’s scheme.
Negative interest rate policies elsewhere hit US Treasury yields.
References to 2009 & the Global Financial Crisis keep popping up in the reports because that’s how bad it has gotten.