The Chart That The BoJ Is Most Worried About (And So Should You Be)
Posted on 05/27/2013 7:38:55 AM PDT by blam
Japan Gets Wrecked Again
Joe Weisenthal
May 27, 2013, 4:59 AM
For the most part, it's likely to be a very quiet day, thanks to the Memorial Day holiday in the U.S.
But the big story is Japan once again, where stocks went out close to the lows.
The index fell 3.2%. That follow last Thursday 7% crash and Friday's mediocre gain.
The violent swings in the market is the world's biggest stories, as everyone anxiously awaits to see if a major unwind is really in place.
Meanwhile, Europe is actually having a very nice day. Italy is gaining 1.25%. Germany is up 0.7%.
So for the time being, Japan is not causing much in the way of ripple effects.
Even elsewhere in Asia, things are quiet. Korea gained 0.3%.
(Excerpt) Read more at businessinsider.com ...
QE = Quick Exit
This can’t be, on “the economist” they werejust praising the “quantitative easing”
(read printing money) that the new Liberal Prime Minister was doing... leftism doesn’t work? Say it in so Friedman!
(Yes I know international politics and not so straightforward. Some things they do are not leftist, but the leftist part of their platform ain’t working!)
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