Great news briefing.
Swedish Central Bank
Sweden is a member of the European Union but not of the Eurozone. This is how Sweden’s central bank can take their key interest rate to negative 0.25% and are buying their government bonds. Can you say monetizing the debt?
The situation with Japan’s Central bank is, at best… comical. At worst… horrifying. Not only is the Bank of Japan directly propping up the market for Japanese government bonds. It’s doing the same with thier stock market. Gee, that almost sounds like the situation with the Fed and U.S. Treasuries. Anyway, the Bank of Japan is set to buy $1.4 trillion of government bonds under its current QE program as the Japanese government, the second largest foreign holder of U.S. debt, continues to go deeper in debt.
US and UK Divided
The UK was the…
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