Quite obviously, I'm out of ways to describe this stuff. First there was QE. Then there was QE∞. Just yesterday, The Fed gave us QE∞+. And now today, not wanting to be left behind, here's comes the Bank of Japan with what can only be described as QE∞++.
This is getting so outrageous that you probably can't help but feel numbed by it all. Here was the headline...precisely timed for 9:30 ET and the NYSE open:
BOJ TO REMOVE BOND BUYING LIMIT: NIKKEI