Some Recently Read Material

Monday, November 30, 2015

Japanese Getting Poorer Yet Again...

I wrote earlier this year about Japan: http://econ4beginners.blogspot.com/2015/02/printing-money-against-all-economic.html

I was sharing my thoughts on how destructive the monetary policies were at the time.  Now today I read how destructive the policies of Japan's Government Pension Investment Fund were when they sold all those government bonds to the Central Bank and turned them over to stocks, creating a stock run up that was quite impressive until...

According to this article in Marketwatch, Japan's Pension Fund just got $68 billion poorer in one quarter.  Yep those are the pensions of everyday citizens being recklessly squandered by government driven "policies" that keep unraveling leading nowhere fast.

Shame.

No comments: