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Bank of Japan Perpetuates With Its Inflation Invitation

By |2014-06-03T16:06:57-04:00June 3rd, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

There is very little that needs to be said about the April estimates for Japanese wages. The prolonged agony was extended yet again despite the purported “surge” in the Japanese economy. What the latest figures show is exactly what I suspected when the spending data first came out – that the Japanese are so pessimistic about their wage situation they [...]

Unfiltered and Unrefined QE

By |2014-04-30T09:41:06-04:00April 30th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The interest in the plight of the Japanese and “their” economy is not just one of morbid curiosity, but of high relevance and perhaps even a glimpse of the future. It is both a cautionary tale about the command economy and, at the same time, a warning about such apathy derived from the failure to demand something different, or even [...]

Follow Up On Japan

By |2014-03-04T12:59:10-05:00March 4th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I have been pointed toward an alternate explanation for what I described as Japan’s potential tipping point. Scott Sumner (and others) is arguing that the tremendous increase in importation of goods into Japan is a sign Abenomics is actually working. His reasons relate to the orthodox idea of a “demand shock”, ostensibly how he classifies the yen devaluation, triggering what amounts [...]

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