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

Eurodollar University

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QQE Hasn't Worked Because It Works Only Too Well

Theory goes something like this: QE works really well. And because it's going to unleash inflation, just the right amount of inflation down the road. So anticipating that QE is going to work really well, the market begins to raise rates before the inflation shows up. Therefore, rates rise prematurely choking off the positive effect or the presumed positive effect of low interest rates.

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