[neuromancer2701]

One aspect the article doesn't cover is that since Japans has been doing this for decades they have effective run out the clock on QE.

BOJ has been buying ETFs for so long they are the majority of shareholders in a large percentage of stocks in Japan. I don't think you can do that with swaps so I am pretty sure they had to "print" money to do that.

Additionally I have heard that ECB buys corp bonds. Apple can go over to Europe whenever it wants and sell a couple Billion in debt and it will be bought immediately.

The question is when does it pop?