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The yen (FXY) continues its slide , falling to a new four-and-a-half year low against the...

The yen (FXY) continues its slide , falling to a new four-and-a-half year low against the dollar, helping the Nikkei (NKY) post another triple-digit gain on the session, rising 1.2% to 14782, its highest level since January 2008. The weak yen comes on the heels of the G7's reportedly amicable meeting over the weekend, at which officials were generally supportive of the BOJ's policies and reiterated that Japan's goal is to fight deflation not engage in the targeting of exchange rates.
Comments (4)
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    Everyone's goal is to "fight deflation". Everybody gonna print to the moon. Because the big problem with the world economy is totally that the world's banks don't have enough money to speculate with in financial assets and not lend out. If you just give them some more maybe someday they will lend some out, creating debt and helping "fight deflation". Maybe. But first they gotta play rehypothecate the bonds and buy stocks. The market can't possibly crash, so it's ok for them to all use huge leverage for more profits. Pay no attention to the man behind the curtain.
    13 May 2013, 05:07 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4187) | Send Message
     
    This is my favorite generational investment; we set it up last year, a hair early, but nice to see it really start to work in a rather dramatic fashion:

     

    http://seekingalpha.co...
    13 May 2013, 08:58 AM Reply Like
  • Jason Burack
    , contributor
    Comments (1730) | Send Message
     
    Thanks to a massively devalued Yen.
    13 May 2013, 11:37 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4187) | Send Message
     
    Yep. Indeed. So far so good.
    13 May 2013, 06:41 PM Reply Like
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