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Entries by Michael Pento from 01/2013

Bank of Japan Prepares to Launch More Zeros

| Posted 01.18.2013 | Business

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.

Abe Pulls Pin on JGB Grenade

| Posted 01.23.2013 | Business
Read More: Business News

Unfortunately, it is that not only Japan which has chosen to go down the path that leads to a currency and bond market catastrophe. The BOJ wants the Yen to go lower; and yet at the same time the Fed wants the dollar to lose value as well.