Prime Minister Abe has the Bank of Japan in a cage, like the gimp from Pulp Fiction, forcing them to conduct perverse acts of monetary policy. He has ordered them, emperor style, to create inflation–out of thin air, mind you.
“The statement must say clearly that 2 per cent is the target. That would lead to fundamental changes” in the way it guides policy, he said.
I want you to appreciate the candor of Mr. Abe, for he is intent on making investors in Japan a great deal of money. You’re all familiar with “The Bernanke put”, correct? Well, now there is an even bigger put in Japan, in order to reverse the endless tides of recession that’s been plaguing Japan since the 1990’s.
Will it work now? Will the new mantra of “inflation by any means necessary” lead Japan to a new era of prosperity?
The answer is decidedly yes. Japanese stocks are the cheapest in the world and Abe is fixed on seeing that reverse.
Some of the internets are worried about the downward spiral in the Yen, exclaiming “OMG, it’s sooo gonna stop going down so fast, lol, LMAO, SMH.” Ignore these people are being retarded, incapable of deciphering the difference between a poached egg from one that is soft boiled.
On a much longer time horizon, the Yen has significant downside from current levels. Dare I say, it can drop another 20% and no one would think anything of it.
Hence, “The Fly” is long HMC and it is his favourite pick for 2013. He is also long SNE and would purchase “the gentleman’s ETF”, DXJ, if he was in the market for a more conservative/diversified approach to his thesis trade on Japan–which he is not at this juncture in time.
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SHINZO!
From a commentor;
“As a point in fact, the LQG infringes on multiple iBankCoin patents. Most egregiously, the LQG appropriates no less than 90% of its design directly from Fly’s OSC (his futuristic weapon of interstellar cruelty).”
Wrong sir, wrong! 🙂
That’s for our boy JD (Judge Davis) to decide.
Take a look at the spread between nominal and real yield on Japanese gov bonds. It looks like Japan might be on it’s way to escape deflation.
Here’s the AAPL capitulation you have been warning about. $420?
nah…421n change.
Do either of you really seeing it going that low? Retracing the entire recent breakout?
Uranium names ripping hard / one of mine position UUU.TO got bought out this morning by Russians …
knew I should have averaged down on this one. Will get out at about breakeven with this buyout…
URA is Uranium etf thru Global X. Volume this AM has already exceeded it’s daily.
FYI- It’s commission free if you use IB as broker.
DNN good old soldier
Did you all see this this morning?
http://bgr.com/2013/01/10/iphone-surface-teen-survey-287400/
Odd it should surface as AAPL drops below 500 for a tad this am.
I think you’re going a little too far on that on…
Then again, I can’t seem to spell.
UBS today dropped their Surface sales estimate from 2M to 1. The Pro may do better. Bu the RT based one has to be viewed as a let down if those numbers are accurate, even with MS limiting distribution and keep the price higher to appease OEMs
or dollar/yen? short.
Mr.Abe is a great man, indued.
HUNGRY: double down on my CORN today, started last week… samurai style 🙂
The markets, they clamor for higher prices