from King World News
Ahead of today’s FOMC announcement, monetary madness continues.
Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: The stimulus trial balloons continue to fall in Japan with PM Abe saying it could total 28T yen (about $250b) with 13T of that in “fiscal measures.” Some of it will also be long term loans and it’s still unclear how much spending would be new and how much is just being repackaged to make it seem HUGE. The timing of this chatter was likely done purposely ahead of the BoJ meeting where Kuroda can have an idea of how much more paper he gets to now buy.