Well, I didn't say Japan wasn't going to print more money, but more money has to chase less goods for it to be inflationary, if we are to believe what "they tell us."
We have been printing money like it's going out of style, overhere,
for and doing that for 20 years now...
and yet, the Federal Reserve has declared that inflation is dead dead dead,
and the stock market gurus believe it,
and they've been echoing that sentiment for years now.
And they ALL point to our Commodity Research Bureau basket of raw materials as part of their proof. Oh, and don't forget the dead
price of gold and silver for additional examples.
So, is the price of Japanese domestically mfg goods gone up or down over in your fair land?
If you are producing more than you consume,
which is the obvious conclusion we draw when we have Sanyo, Sony, Panasconic, Mitsubishi, Toyoto, etc etc etc over here by the storesfull,
and we're just ONE of your trading partners,
then the printing of more Yen is just chasing more goods at home, not less which is a deflationary scenario, yes?
Your turn(grin)
O/49r |
