The BOJ has run out of options and currency debasement is all that's left, says Jeff Gundlach,...


The 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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  • DeepValueLover
    , contributor
    Comments (11177) | Send Message
     
    Technically and fundamentally, Japanese stocks are the world's biggest equity bargains (most high quality companies there are trading below liquidation value and are profitable).

     

    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.
    18 Dec 2012, 01:22 PM Reply Like
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