Bad Sushi!

07/14/08 02:48PM EDT
The Japanese easy money bailout model resulted in two decades of economic stagnation. Their latest local issue is effectively depicted by this chart.

This is the free money chart overlaid with the resulting boiling pot of inflation.

Stocks closed lower again in Japan overnight. The Nikkei is stagflating like their domestic economy is. Japanese stocks are "cheap" relative to a lot of countries that are expensive. You can run out and buy Japan on that, but I won't.

KM
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