Trading Day: Euphoria rediscovered

Zooming in on that a bit more, and the focus settles on the easy policy king: Japan. From 'NIRP' and 'ZIRP' to yield curve control, from QE to record public debt, Japan in recent decades has single-mindedly pursued policies often considered unorthodox, unworkable or unrepeatable elsewhere.A U.S. capex boom in AI is driving solid growth and earnings expectations, inflation in much of the developed world is above the 2% target, financial conditions are the loosest in years, public debt dynamics are deteriorat ...