One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed.
@leadlagreport They try to value the Yen, but it comes back, it only makes Japanese bonds explode up. BOJ will have to hike rates anyway, so the whole thing is sheer stupidity.
Japanese Finance Minister Satsuki Katayama is set to announce as early as Monday that Tokyo and Washington are coordinating on steps in the foreign exchange market to curb the yen’s weakness, a person familiar with the situation said https://t.co/Vp6XEhBHbQ