The BoJ’s Gamble

Futures are off modestly, a win versus what would be happening if not for the VIX smackdown and USDJPY breakout employed to keep the plates spinning just a little bit longer, until Friday’s CPI report.

This is really an unconscionable move, even for the BoJ, which has bet its citizens’ futures on keeping the Ponzi scheme which is the Nikkei on the rise [see: the yen carry trade explained.]

This is a self-inflicted wound, and the impact on oil prices alone is staggering.Food prices aren’t far behind.

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