by Gerardo Del Real
Outsider Club
By the time you read this the Fed will most likely have stayed put on raising rates, but will begin to take a tougher stance on the possibility of a June hike.
The real action is today as the Bank of Japan issues its policy decision.
Despite a negative interest rate policy and decades of loose monetary policy, Bank of Japan Gov. Haruhiko Koroda has been unable to deliver on his promise of 2% inflation.
And in fact the yen is actually 8% higher than in late January, when negative interest rates were first introduced.
We don’t need a crystal ball to see how this ends, we just need to ask very simple questions…