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Andrew Hoffman--Central Banks Cowardly Go Where None Have Gone Before! #2472

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WTF Wendsays With Andrew Hoffman:

SNB announcement;

ECB announcement (leaked an hour ago);

BOJ announcement  (this morning) - lack of credibility;

BOCananda surprise rate cut this morning;

FOMC meeting next week;

gold exploding in all currencies - near record in Yen - others to come;

plunging U.S./global interest rates - as ECB validates global QE to infinity;

and of course, today's comedic "Manipulation Wednesday" action.

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