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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (19286)10/5/2004 3:37:19 AM
From: Taikun  Respond to of 110194
 
Hi Russ,

I don't usually post on this board but another article was linked here. Great post!

I noticed Japan had a change of Governor of the BOJ in the spring. Where the predecessor had made it clear they were not going to embark on monetary expansion, the new Governor came right out and said he wanted to expand the money supply.

Koizumi was reelected in June 04, correct? Looks familiar, doesn't it? Hint, hint.

I wonder how much of their monetary expansion was forced on them by importing US inflation and how much was a requirement of their economy responding to orders for goods from China that necessitated a larger money supply? I would say a bit of both, and you can't necessarily blame the US, but we'll probably never know the answer to that one.

Now the post office is being privatized and more low interest deposits will be deployed. At least they may be put to better use from now on.

David