Wednesday, December 31, 2014

Federal Reserve

Inflating by the central bank in Japan has ended Japanese saving.
"The savings rate in the year through March was minus 1.3 percent, the first negative reading in data back to 1955, the Cabinet Office said. Real earnings fell 4.3 percent in November from a year earlier, a 17th straight decline and the steepest tumble since December 2009, the labor ministry said today."
Yet Abe just won a massive electoral victory. Flight to the dollar masks US problems.

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