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CNN (November 10)

2016/ 11/ 11 by jd in Global News

“Donald Trump’s populist campaign didn’t always square with his past statements. And that makes his agenda as president anybody’s guess.” His fluid positions “could give the businessman an edge in making legislative deals…. Or it could halt action in Washington completely if he finds himself at odds with both Republicans and Democrats.”

 

Bloomberg (November 10)

2016/ 11/ 11 by jd in Global News

The Bank of Japan (BoJ) proved no match for the zero lower bound. “The Bank of Japan’s recent quarterly report says, in effect, that the central bank has done all it can do to raise growth and inflation, and that fiscal policy needs to step in and help.” The BoJ already “owns more than half of the ETF shares in the whole country” and is estimated to soon “be the biggest shareholder in 55 of the 225 companies in the Nikkei index.” Other central banks will follow Japan’s retreat. “The era of bold monetary policy experimentation that began with the global financial crisis is now drawing to a close.”

 

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