Asia is set for a joyous start as ECB President Draghi fires
a 1.1 trillion euro ($1.3 trillion) QE money bazooka. The easy money is raining
down on global traders and is quickly put to use buying stocks that make the
wealthy, that own stocks, filthy rich. The central banker’s policy actions create
great wealth for the upper middle and elite classes while leaving the middle
class and poor behind.
As Asian indexes come on line, they each turn green running
higher. Euro 1.1363. Dollar/yen 118.50. Pound 1.5020. The triumphant global
rally, fueled by ECB Keynesian money-printing, continues.
The SPASX200 gains +1.5% above the 5500 level. The Aussie
dollar falls to 0.7989.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
US Treasury yields are; 2-year 0.49%, 5-year 1.31%, 10-year
1.79%, 30-year 2.37%.
After the bell, messages on TWTR say the two Japanese
hostages have been murdered by the ISIS Islamist radicals but the US State
Department is not yet verifying the information.
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