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The BOJ has run out of options and currency debasement is all that's left, says Jeff Gundlach,...
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Tuesday, December 18, 2012, 12:22 PM ETThe BOJ has run out of options and currency debasement is all that's left, says Jeff Gundlach, explaining why long Japanese stocks is his most high-conviction idea at the moment. As for U.S. fixed income, he likes cash and short-term instruments. Investors in "yieldy" types of things like junk bonds may be about to get a wake-up call in 2013.
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However Japanese managements are absolutely horrid and are Madoffian in their trustworthiness.
Except for JGBs, Japan is not a value trap...it is a value black hole.