"We are quantitively easing the future into the present like a hypodermic cocktail of psychotropic pain limiters needled directly into the stock, bond and futures markets". Yee haw, on fire, QE infinity is hitting the tickers and everything is absolutely Kuroda'd! I mean is absolutely Bernankied! Sorry, I mean is absolutely Draghied! Nope, not quite, I mean is absolutely CENTRAL BANKERED. Nearly, stay with me now, I mean everything is ABOSLUTELY FANTASTIC! Are you not entertained?!?!?!!@#@!#!@!!!!!!! BOJ on new year's day 2018: BoJ Offers To Buy Unlimited Debt, Boosts POMO In Panic Response To Surging Rates https://www.zerohedge.com/news/2018-02-01/boj-offers-buy-unlimited-debt-boos... The Fed today, officially renamed "New Trump's Day": One Trick Pony: The Fed Is Pushing On A String https://www.zerohedge.com/news/2019-06-13/one-trick-pony-fed-pushing-string After a decade of zero interest rates and floods of liquidity by the Fed into the financial markets … there is a rising probability the effectiveness of QE will be much less than during the last recessionary cycle … such actions will drive the 10-year interest rate to ZERO … This is the same liquidity trap that Japan has wrestled with for the last 20 years … The problems that face Japan are similar to what we are currently witnessing in the U.S. … The lynchpin to Japan, and the U.S., remains interest rates. If interest rates rise sharply it is effectively “game over” as borrowing costs surge, deficits balloon, housing falls, revenues weaken, and consumer demand wanes. It is the worst thing that can happen to an economy that is currently remaining on life support. Albert Edwards: "There Is An Earthquake Happening In Government Bonds" https://www.zerohedge.com/news/2019-06-13/albert-edwards-there-earthquake-ha... "The rumblings of the US bond market have now turned into an ear-piercing scream that a recession is close and the Fed needs to start cutting rates quickly." "When, Not If" - Trader Warns The Dollar Is Far More In Play Than It Looks https://www.zerohedge.com/news/2019-06-13/when-not-if-trader-warns-dollar-fa... ... the overwhelming consensus view is that the U.S. currency is going down... the biggest source of contention seems to be when, not if, the move will start. Hong Kong Interbank Rates Soars To 2008 Highs To Preserve Bank Stability, Crush FX Shorts https://www.zerohedge.com/news/2019-06-13/hong-kong-interbank-rates-soars-20... Hong Kong's currency soared and stocks plunged as the mauling of FX shorts slammed local financial assets. If Gold Was Just A Barbarous Relic... https://www.zerohedge.com/news/2019-06-12/if-gold-was-just-barbarous-relic The global monetary regime has collapsed three times over the past 100 years, in 1914, 1939, and 1971. They seem to happen about every 30 to 40 years on average. It’s now been over 40 years since the last collapse, so we’re due... Englander: Is The Fed (Or Any Central Bank) Still Credible? https://www.zerohedge.com/news/2019-06-12/englander-fed-or-any-central-bank-... "The Fed’s current approach in the face of a big shock would be to make a big commitment and hope that it is credible enough to convince businesses and households to start spending... but even Fed Chair Powell is not convinced that this will work..." The real reason for QE - maintaining the illusion of USD dominance: Who Is Really Funding Uncle Sam? https://www.zerohedge.com/news/2019-06-12/who-really-funding-uncle-sam If foreign investors remain uninterested and the Fed avoids restarting QE, this situation will become much more obvious...and diverting attention to “penguins on the telly” will do us no good... Rickards: "Perfect Storm" Is Coming https://www.zerohedge.com/news/2019-06-12/rickards-perfect-storm-coming "I cannot imagine a better setup for catastrophe. No one ever sees disaster coming. That’s the point..."