Central Banks.: shock and awe.

Fresh on the heels of the announcement by the head of the Bank of Japan( Haruhiko Kuroda) to double the Japanese Yen monetary basr, the head of the ECB announced that the ECB is planning to ease if economic conditions do not improve in the EU. The English demurred, chiding Japan for not trying "structural reforms." Of course, the English have already done their easing.

One wonders, however, just what the central banks can do more of. We know they can continue to attack the gold price, so they can have cheap money. But, one of these days a demand to deliver gold will not be met and the gig will be up.