Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Wednesday, January 23, 2013

Japan starts a genuine reflation

Finally.  The new govt in Japan is forcing the BoJ to target positive inflation.  The yen is (rightly) plumetting as a result.  And the wash of new money will force others to follow suit, or their currencies will rise against the yen.

The yen has made a MAJOR technical down break.

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