Some of my favorite charts, but first a direct answer to your question in case the reading is too much:
What is the difference between the Japanese bubble controlled by the BOJ and the everything bubble controlled by the fed?
Both central banks are attempting to mask the fact that the value of assets have fallen because they were overvalued during excessive boom periods, and they are doing so thru a process that is effectively currency debasement, but not so obvious as to greatly cause consumer price inflation (people will argue this point, but they are splitting hairs and missing the bigger picture).
Are the overall motives and goals of the Fed today different or the same as the BOJ in the 80s, and how does that impact how the everything bubble pops, and when?
More or less they are trying to prevent the wealth destruction of the soon to be fully retired Baby Boomer generation, which if allowed to occur would make our current politics look like a friendly campfire singalong.
I personally would argue that the bubble did pop, but no one noticed because they think in terms of dollars and not in terms of notional vs real value. It is being masked from people, which is why we have everyone running around angry, but no one sounds like they know what the fuck they are talking about.
Ok, go grab a drink, I tend to write ALOT and just brain dump when I come across questions like... (More)