President Barack Obama Message Board

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Politics : President Barack Obama

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To: John Vosilla who wrote (129248)	12/26/2012 12:00:16 PM
From: RetiredNow	Read Replies (2) of 149317

Well, I believe the canary in the coal mine will be Japan. They are ahead of us in all of this. If you think that Bernanke is a genius, then the new Japanese PM, Abe, must be an uber-genius. He's taking the next logic step in Bernanke's bath to QE oblivion and moving towards inflation targeting, but here's the twist. In the US, we still think in terms of limiting inflation to a MAXIMUM of 2-2.5%, but Abe in Japan is targeting an inflation MINIMUM of 2%. They have debt to GDP of 350%. What happens if Ave achieves his goal? Well, for one interest on their debt may become unpayable without more printing. More printing on ever increasing interest will ultimately lead to an inflation event and a currency collapse. Abe is playing with fire. We'll see it in Japan before we see it here. In the short run, though, I'd bet Japanese stocks will be on fire as money printing goes into hyper drive. The 40 year experiment since the ending of Bretton Woods is nearing the end game.

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