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If it wasn't already, BOJ Governor Masaaki Shirakawa all but makes further stimulus a 100% dead...

If it wasn't already, BOJ Governor Masaaki Shirakawa all but makes further stimulus a 100% dead cert at the bank's next policy meeting this month by saying it will continue with powerful monetary easing, as the economy will probably remain weak for the time being and the outlook is uncertain. However, Shirakawa reiterates the BOJ's view that GDP will eventually recover.
Comments (3)
  • WMARKW
    , contributor
    Comments (10277) | Send Message
     
    "Powerful" and "Monetary Easing" don't go together as descriptive words in Japan's case. Japan has demonstrated that they don't have a clue (perhaps no one does) on how to reverse their situation. You would think that there are people with brains enough to identify solutions. Perhaps not. So, one should be careful about expectations in Europe or in the US.
    15 Jan 2013, 08:38 AM Reply Like
  • jhooper
    , contributor
    Comments (5589) | Send Message
     
    "don't have a clue (perhaps no one does) on how to reverse their situation. "

     

    You see this all the time, but THERE is a way to reverse the problem. Germany did, Estonia did, Canada did, and the US did a long time ago. Its called "stop the gov intervention". This would require for the self proclaimed intellectual elite to admit they were wrong, and for us to abandon listening to them. Nobody wants to admit they are not intellectual or wrong, so we just get excuse after excuse of why its not working.

     

    You stop letting the gov waste more and more human labor with politically driven spending that just focuses efforts on things that will not improve our technology. You gut the regulatory agencies by no longer having policies that presume people are guilty and then require them to prove their innocence, you cut all income taxes to 5% and get rid of all deductions, move people to vouchers for entitlements, and then create a registery for all the people that claim to "care". The registery will be for people that claim to care about old people and school lunches. 100% of their income will be sent to Fed gov, and gov officials will decide how much they get back. The rest will go to getting old people out of snow banks and collecting starving children out of the cutters. The law for this will be called, "The Put Your Money Where Your Mouth Is Bill", and the list will be published so we can see who signs up and who does not.

     

    Then you sit back and watch prosperity blossom. Capital and labor will flood into the US. Energy and food will become much cheaper, choice will explode, everyday consumables will start to fall in price, real wages will start to go up, savings will build, and the dream that was supposed to be the US will return.
    15 Jan 2013, 09:01 AM Reply Like
  • Rufus Caldwell
    , contributor
    Comments (4) | Send Message
     
    I am a retired independent insurance agent with a CPCU designation (Chartered Property & Casualty Underwriter ) . I was born in 1931 and remember the 1929 depression when one out of four persons was unemployed and many people could not afford gasoline for their cars . I think we are headed in the same direction today . We were in much better financial condition back then tann we are now. Our politicians and especially our president wants to continue spending money we dont have . This didnt work for the Romans , The Nazi germans , and it wont work for us . Our judgement day will occur soon and the next depression will make 29 look like a garden party .
    15 Jan 2013, 01:30 PM Reply Like
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