Post it to the Trading Software Forum and I will respond. Trying to keep the flow of this thread as clean as possible.
Black Every Day?
- Thread starter nitro
- Start date
Currency Wars in full force
Bank of Japan Adopts Negative Rates, Keeps Asset-Buying Target
http://www.bloomberg.com/news/artic...adopts-negative-interest-rates-by-vote-of-5-4
Bank of Japan Adopts Negative Rates, Keeps Asset-Buying Target
http://www.bloomberg.com/news/artic...adopts-negative-interest-rates-by-vote-of-5-4
Record $5.5tn in govt bonds with negative yields
"Japan's surprise decision to cut interest rates has reverberated across global markets, pushing the universe of government bonds that trade at negative yields to a record $5.5tn, writes Elaine Moore.
Fears for economic deterioration and increasingly abnormal policies adopted by global central banks to ward off the threat of deflation have resulted in a bizarre scenario in which investors pay governments to hold their money.
Figures from JPMorgan show that negative rates, once considered only theoretically possible, now account for one quarter of the index for government bonds..."
http://www.cnbc.com/2016/01/29/record-55tn-in-govt-bonds-with-negative-yields.html
"Japan's surprise decision to cut interest rates has reverberated across global markets, pushing the universe of government bonds that trade at negative yields to a record $5.5tn, writes Elaine Moore.
Fears for economic deterioration and increasingly abnormal policies adopted by global central banks to ward off the threat of deflation have resulted in a bizarre scenario in which investors pay governments to hold their money.
Figures from JPMorgan show that negative rates, once considered only theoretically possible, now account for one quarter of the index for government bonds..."
http://www.cnbc.com/2016/01/29/record-55tn-in-govt-bonds-with-negative-yields.html
Do you believe him? I think we might get some sort of crash, but not the trade that he thinks. What if gold goes down with deflation? What if US stocks go up like in 1980s, even as China goes down?
Schiff has been telling the same story for many years. Do I believe his Crash story? I don't believe I am qualified to answer the question. Anything I say is just a little better than a guess, so my qualification metric is around 55% because long time frame predictions are essentially economic predictions not trading actions.
A better question is do I believe is Schiff qualified to answer the question, and I say he is probably 65% qualified. I think the most qualified person in the world is probably at 70%. No matter what anyone says, it is a probability distribution which by definition means you are wrong a percent of the time, unless you are Nostradamus.
