To me, context is about pattern recognition.

It's connecting the dots.

It's giving readers an ability to synthesize

a number of different perspectives

so they can understand how the greater whole works,

because nothing really occurs in isolation anymore.

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What an interesting statement from the Bank of Japan did they simply blink?

No, I don't think they blinked. I think they did something very interesting.

They put out measures that were smaller than we had been

expecting, but they put out some signals that were actually a little bit stronger. The measures I think

you've already gone over with the ETS and things like that, but the signals were quite important. One was that they are going

to reconsider their policies in a special session at the regular monetary meetings, but a special

initiative in September. The bank stocks

rallied on the view that maybe that means they're going to pull away from the

negative interest rate policy. That's not what they said in the statement and

they could actually even go the other way.

...