"Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes." - George Soros
Soros: The BOJ "did something so dramatic ... people can't ignore it!"
What George Soros said of the Bank of Japan's action this week may seem irrelevant. Indeed. It's what he might be thinking, want he might WANT to say, that's intriguing. Today we put words in his mouth to help outline a potential shift in expectations for central bank policy.
Are we there yet?
Are we at the point where people might ignore the central banks?
George Soros made a valid point to a CNBC interviewer recently. He noted the Bank of Japan made a dramatic move with monetary policy stimulus so that it wouldn't be overlooked.
I think that idea was already obvious. But Soros lends a lot of credibility to an idea based on his investment track record.
But these comments of his may actually signal something more ...
Currency Currents 5 April 2013