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Late Central Bank Comments
Since I am still chugging away with edits, I have not been spending much time watching developments in markets. I just wanted to off some brief comments on events from central banks last week. I have a longer manuscript section for publication later this week. The Bank of Japan threw in the towel on negative interest rates last week. Yay, yen interest rates will go back to their low positive “normal.” This change is not that significant, other than on a psychological basis. I have not been following Japanese data closely, but my tendency is to expect glacial changes in economic conditions. The Federal Reserve ... (full story)