Comedy Hour Is Brought To You By: The BoJ

To the extent the Fed meeting is serious, we’ll get some comic relief just hours later when the BoJ will tell us that although the combination of cornering the JGB market to the point where it no longer functions and buying up 75% of the Japanese ETF market is working exceptionally well, unprecedented easing is still necessary and will continue for the foreseeable future where “foreseeable future” means “forever” plus however many years on top of “forever” is takes for Kuroda to ge