NEGATIVE RATES, KURODA’S “PETER PAN” ANALOGY, AND GOLD’S SURGE
Nearly a year ago, Bank of Japan governor Haruhiko Kuroda described the unlikely inspiration behind Japan’s unprecedented monetary stimulus: Peter Pan.
Why am I not surprised?
I’m highly amused, of course–but not surprised. The world’s economists have begun to emulate Pan’s “Lost Boys”.
Click on Chart below to see full chart
