Sunday, August 30, 2015

Liquidity

The Bank of Japan prints Yen, so the Yen falls against the Singapore dollar, so it's cheap to fill my fridge with Asahi and have a party! Germans take note: the role of central banks is to provide cold smooth delicious liquidity.
When my head of department came to the party, he remarked that this was less like taking advantage of a sale and more like commodities trading.

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