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Bank of Japan 'stunned' the markets w/major shakeup to YCC. What it all means.

Eurodollar University

00:00

The Tail Isn't Wagging the Dog

The tail isn't wagging the dog. Consumer prices are not because of QQE or anything the Bank of Japan has done. What's happened as usual is that the tail doesn't realize it's the tail. And the dog is actually wagging its own tail as it's supposed to.

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