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Why Tactical Isn’t Working – Part VI (The Rise of the Machines)

One down, one to go. Important central bank meetings, that is. While we will have to wait a few more hours to hear whether Janet Yellen’s merry band of central bankers is going to raise interest rates today, we did learn overnight that the Bank of Japan will now target the level of interest rates with its monetary policy (apparently the goal will be a 0% yield on the J...

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