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. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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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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