Japan Proving The Monetary Black Hole

By |2015-07-17T10:59:35-04:00July 17th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Japanese household spending increased 5.5% in nominal terms in May; 4.8% in real spending growth. That was the first monthly increase since November and since it was a positive number, and not as typically close to zero, it is being hailed as another great sign of QQE success. With Q1 GDP revised up to nearly 5%, economists are back to [...]