While we watch the morning raid and hope for a recovery FUBM, here's a video for you to consider.
A link to this was sent to me yesterday. The lady that gives the presentation is named Christine Hughes. She's the President of something called Otterwood Capital Management, which appears to be a money manager or hedge fund, based in Toronto. I don't completely agree with all of her analysis...and that's OK. Since when does everybody agree on everything? But I've determined that this video is worth your time to watch.
Though her analysis of gold is faulty because she is simply looking at the paper price and paying no mind to the physical market fundamentals, I want you to watch this for the greater, macro discussion.
Christine does an excellent job of breaking down into understandable terms the fallacy of the current BankofJapan and Shinzo Abe yen devaluation plan. After watching this video, not only will you understand why Japan is doomed, you'll also be able to apply much of the same rationale to the United States.
Further, think about the warnings from Jim Willie of the "Treasury Market Tower of Babel" and how global, sovereign debt is going to create a "black hole" that will eventually suck in almost all available capital as rates collapse to zero and even go negative.
So, don't just absorb the information presented here. Chew on it. Digest it. Really think about the global implications, not just Japan, as the entire globe rushes to debase and devalue. Furthermore, if this path to the future is so obvious, what do you expect the Creditor Nations of China, Russia, India and others to do? Just sit idly by or would you expect them to have their own plan? If Christine Hughes can see this coming from her office in Toronto, we must assume that President Xi can see it from Beijing, too.
TF
