Today I look at how the stock markets have reacted to the Bank of Japan's announcement overnight that they will provide stimulus and support to the stock markets. There are now expectations that not only the BOJ but all the other major Central Banks will act to try and stop the market meltdown that started about a week ago.
My conclusion is that the Central Bankers are now fighting a losing battle in terms of reviving the world economy and that their desperate actions might help stocks but will do very little to revive the animal spirits of consumers in the short term.
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Thanks again for sharing your work, Maneco64. Wow, the Gold/Silver Ratio is around 95:1.
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In real, BOJ is struggling to contain 10 year JGB interest rate under negative zone. Because JGB issued 10 years ago with negative interest rate is facing redemption now and increasing it's volume day by day. They disguise themselves not approaching their demise, as FED does not approaching the end of USD.
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