Sunday, July 14, 2013

Japan: A Free And Timely Lesson On The Dangers Of Overly Accommodative Monetary Policy

"The Japanese have a reputation for excessive courtesy. The current actions of the Japanese economic leadership, who are giving the world a free and timely lesson on the dangers of overly accommodative monetary policy, should confirm this stereotype. While their efforts should provide the rest of us with an invaluable benefit (provided we are alert enough to heed the clear warnings), the lesson will cost the Japanese dearly." - an excerpt from the Sock Puppet Kabuki; Nikkei Today Parallels Dot-Com Bust

Related indexes and ETFs: Nikkei 225, Topix Index, iShares Japan ETF (EWJ)



Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

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