Things That Make You Go HMMM

A Walk Around The Fringes Of Finance

Grant Williams, Things that make you go HmmmMuch to his chagrin, Grant Williams has reached 30 years in finance.

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...So it was that, instead of persevering with Arrow #3 (which is unequivocally the most important of Abenomics’ 3 arrows), last week saw Arrow #2 fired again in an attempt to pull the wool over the eyes of the world.

In the spirit of keeping an open mind, technically speaking (and with large trees falling silently in empty forests firmly in mind), if you say you’re going to fire three arrows and you don’t say that you’re going to fire one of them twice, have you done what you said you were going to do?

It’s an interesting question on some levels I guess. If only Abe hadn’t explained what each of his arrows constituted. Schoolboy error.

All this brings us to Haruhiko and the Terrible, Horrible, No Good, Very Bad Idea:

Zero percent perpetual notes (plus variations on that theme)... Read more