• [WEBCAST] Raoul Pal & Neil Howe: A Sobering U.S. Economic Reality Check

    Prepare your portfolio for “big picture” paradigm shifts with Real Vision co-founder Raoul Pal and Demography analyst Neil Howe. Watch the replay from this webcast.

We wrote about Japan's decision to cut rates from zero to zero again this morning (from 0.5% to 0.3%). This was nothing but a polarized and politicized event. Inflation was also reported in Japan overnight at +2.3% year over year growth. When your economy is experiencing chronic stagnation, and mounting stagflation, the last thing you should do is cut rates further.

Paul Volcker will do a teach in to the world on this score, once Obama takes office... I hope. This chart is getting painful to look at.
KM