The Bank Credit Analyst just reported that the Bank of Japan will expand its balance sheet by 40% to 220 trillion by the end of 2013 and the Fed will also be expanding its balance sheet by 35% this year. What are your thoughts on this?
“Japan has fired the bazooka, they’ve decided to go all in put all their chips on the table after two decades of very poor economic performance…we’ve entered the realms of complete and utter monetary debauchery in Japan now, they are absolutely desperate to weaken their currency and they figure they can do this, generate inflation, and then unwind it painlessly if they do get there. Kyle Bass has spoken about this phenomenon at lengthover a number of years now and we really do seem to be moving towards this end-game where we’re in a currency war—there’s no two ways about it…
Read the complete article at The Financial Sense here.
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