m22au's journal

Another ZH article about "first lite instance of helicopter money"

http://www.zerohedge.com/news/2016-...an-visit-sparks-monster-rally-after-helicopte

In a previous article on the ZH web site, it was suggested that secondary market purchases of bonds by central banks do not cause too much concern about inflation because it's possible to pretend that it's not directly financing government spending.

However with today's announcement it appears that the BoJ may be directly financing additional government spending, and therefore may scare holders of JPY and/or JGBs a little more than secondary market purchases of JGBs.

On 28 April 2016, in this journal I wrote that I was "Long Gold/JPY at 138,970". Since then the JPY has soared, and Gold/USD has also soared. The net effect is that at the time of writing, Gold/JPY is back at about 139,000 JPY, as it was in late April.

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https:// twitter dot com/search?f=tweets&vertical=default&q=banco%20popular

POP considering capital raising (again)

New 52-week low for the company

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