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Yes, I am familiar with all these stories... What do you suggest the SNB should do with the FX reserves they accumulate?

Well, thing is, if you actually read the earlier post mentioned in the article, the author does point out that the BoJ holds a relatively small amt as a percentage of the mkt (Nikkei 225 is the index with the highest share of BoJ ownership at 3.2%; with TOPIX at arnd 2%). So it's not like the...

I don't get it... What exactly is the issue? P.S.: it's a typical ZH-like article. Fake news! Sad!

Unfort for them, this looks like it's unlikely to repeat this year...

It's ok, mate, don't worry abt it... Best of luck to ya!

Firstly, did you realize what the dictum you've quoted actually implies? Given that it all started with you spouting all sorts of nonsense... Oh, the irony! Secondly, yes, everyone is dumb and you, sir, are the only genius on ET. In seriousness, what do you think the probability of this...

Say whaaat? This is just gibberish...

If they're so convinced that there's an "imminent calamity", why not attempt to position for it and make money, instead of returning money to investors?

The fascination with attempting to forecast the unforecastable never ceases to amaze me...

Well, whose payroll can they be on to be "external"? Ultimately, in a democratic society, the govt and its auditors are on the citizenry's payroll and there's no other way to do it.

I am not sure how to define "external" in this context. They're designed to be somewhat independent. Whether they are in practice or not is another matter entirely.

Doesn't this sorta thing exist already? E.g. CBO in the US, Cour de Comptes in France, OBR in the UK, etc etc...

Precisely... There's ample empirical evidence to suggest that the wealth effect is real for the middle class and that the opposite actually holds for the 1%. As nwm points out, this is why it's hard to argue that tax cuts for the wealthy actually stimulate the broader economy. Moreover, there...

Sounds eminently fair... The devil is, as usual, in the details. I am not encouraged by what I've seen so far. Can you make an effort to quantify this? In what precise sense has the government grown, become bigger, more oppressive and more expensive? I have asked peeps on this site who...

While you might be sarcastic here, I think some people (particularly ones who were born into privilege and never experienced adversity) actually believe that. Those beliefs are the stuff that revolutions are made of.

There you go... Your methodology is a way for you to keep the quality of your 'process' from deteriorating.

Getting rid of government would imply getting rid of all laws and regulations, wouldn't you agree? Likewise, getting rid of taxes would imply getting rid of police, emergency services and armed forces?

No, this means that when you lose lots of money, you often can't think straight and your process deteriorates. This makes business much more difficult, if not impossible, going forward.

http://thereformedbroker.com/2017/05/25/ppt-and-the-god-of-the-gaps/

It's inaccurate to say that ZB follows 6J...