May 17, 2013

Japan: The Plan Is Destined To Fail - And Quickly

"The idea that informs Abe's plan, that rising prices entice consumers to buy before prices go up, is clearly suspect as economic law dictates that demand increases when prices fall. Thus, he said, the plan is destined to fail—and quickly.

Japan will unleash an inflation tsunami if it tries to keep its bond bubble from popping with more qualitative easing. If it shows restraint, the bubble will burst, eventually taking stocks down with it." - in CNBC

Related trading instruments: Nikkei 225 Index, USD/JPY cross, SPDR Gold ETF (GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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