Tuesday, October 5, 2010

Give up now and accept defeat….

Japan cuts IR below current 0.1%

Yes after 20 years of QE Japan continues to suffer deflation. Gideon take note - we are headed down big time. Telegraph readers are advised to ask for their quid back on the chip wrapper they think is a newspaper.....

Posted by chrisch @ 10:19 PM (1421 views)
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4 thoughts on “Give up now and accept defeat….

  • How can Japan be in deflation if the cost of their raw materials goes up ?

    And the cost of their imported finished consumer products increases ?

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  • general congreve says:

    Nice one Japan, keep stimulating and devaluing, I love you!!!

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  • slartibartfast says:

    Japan is a lesson in the wrong kind of stimulus.

    If they directed stimulus into domestic demand we would be in a far happier place today.

    The same misguided support for financiers and the same ideological mistakes the West is making today.

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  • Why not <0.0% then they can hand out free money....

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