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Abolish cash to end Japan’s deflation

Ascwedfwed

Monetary medicine in Japan is keeping the economy alive, but with nasty side effects. The search for a new cure should begin with a simple question: What if the Bank of Japan were to throw out its money-printing presses? Instead of pushing more yen into an economy that has already absorbed a threefold increase in cheap central-bank funds in five ...

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Tesla tries to turn the page, but drama persists

Tesla Inc’s past few months have produced even more drama than usual: CEO Elon Musk’s refusal to answer “dry” analyst questions; his Trumpian media tirade and #Pravduh thingy; Kanye; an alleged saboteur (or wannabe whistleblower). The company’s quarterly results almost feel like a commercial break. Earnings came in short of expectations. This is not a number that, in isolation, means ...

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BOE Brexit groupthink risks a rate-rise reversal

First, the good news: Traders don’t anticipate that Bank of England’s interest-rate increase heralds the start of a series of hikes. Now, the bad: If Brexit sees Britain leaving the European Union without a deal, the UK central bank may have to swiftly reverse course, scaring the horses more than if it had left well enough alone. The Monetary Policy ...

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