Japan reported another 10 year high in their consumer price inflation number this morning. At +2.4% y/y, the August report remains as elevated as it was in July (see chart).
You do not want to be long an economy with a socialist government bailout policy. You do not want to be long an economy experiencing stagflation. Sound familiar?
We remain short Japan and the US via etf's (EWJ and IWM).
KM
You do not want to be long an economy with a socialist government bailout policy. You do not want to be long an economy experiencing stagflation. Sound familiar?
We remain short Japan and the US via etf's (EWJ and IWM).
KM
