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Japanese Inflation Rises, Spending Falls

Discussion in 'Preparedness & Survival' started by erudne, Dec 29, 2015.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Posted in Christian | Leave a comment
    My Thanks To Japan For Demonstrating Basic Suyts Argument!!!! Yea!!!!! Inflation Rises In Japan!!!!!
    Posted on December 28, 2015 by suyts

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    For years now, I’ve been harping on the imbecility of our national bankers seeking to raise inflation. Japan, Europe, the US all have inflation targets, as if a certain inflation rate would make things right.

    Before I go on, I would note that there is an ideal inflation rate ….. sort of. It is entirely dependent upon what else is going on in the certain economy. Each is different, yet, all of our national bankers seem to believe a 2% inflation rate is just right, regardless of what else is going on.

    Well, Japan edged closer to their sweet spot target! Except ……..

    Japan inflation edges up in Nov, but spending, wages fall

    TOKYO (AP) — Japan’s inflation rate rose slightly in November, though lower household spending and incomes slowed progress toward a sustained recovery for the world’s third-largest economy.
    The consumer price index was up 0.3 percent from a year earlier, though down 0.3 percent from October, the government reported Friday.
    The government has made scant progress toward its goal of a 2 percent inflation rate it has said is needed to ensure a “virtuous cycle” of rising demand and rising production, partly due to the sharp drop in global crude oil prices.
    Figures released Friday showed that core inflation excluding food prices was 0.1 percent, while household spending in November fell 2.9 percent from a year earlier. Excluding food and energy, the consumer price index rose 0.9 percent.
    Incomes fell 1.4 percent from the year before, suggesting companies are not heeding appeals by Prime Minister Shinzo Abe and other leaders to raise wages and increase investment inside Japan.
    Japanese companies have tended instead to invest their surging profits, thanks to massive monetary stimulus, in faster growing markets overseas.
    Friday’s data also showed that Japan’s jobless rate edged higher in November, to 3.3 percent from 3.1 percent in October. But companies have tended to add overtime or hire temporary help instead of raising wages to attract new staff.

    So, inflation went up a bit. This is good, why? Consumers have to fork over more money for their goods and services. Yet, in Japan, they have less money to fork over. How grand for the Japanese! If they could have just gotten to that 2%, boy! Then things would have been great!
    As an aside, I emboldened the next to last paragraph because this also demonstrates Suyts Spaces superior acumen in things economic over the central bankers of the world. As stated many times here, the various central bankings QE/stimulus efforts lands in the markets, not the various nations/entities. The monetary policies invoked have helped nothing.
    I wonder if anyone has ever done a study on the value of the money invested in the stock markets and commodities vs the value exacted from the various markets (especially after the IPOs). Today, I would suspect it’s a net negative. Other than a total collapse of a currency, these are one of the few places one can place money/value in, and get absolutely nothing back in return.

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  2. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Asia stocks extend losses, Nikkei falls 636 points, tumbling 3.58%
    Saheli Roy Choudhury | @sahelirc
    1 Min AgoCNBC.com
    11
    SHARES






    3
    COMMENTSNikkei 225 erased all of its Wednesday gains of 2.88 percent and plunged 3.58 percent, weighed by commodities and machinery sectors, which were all down between 3 and 4 percent. South Korea's Kospi retraced some losses to trade down 1.02 percent.

    Down Under, the ASX 200 retraced some early losses to trade down 1.60 percent, with energy and financials sectors sharply down 2.96 and 1.88 percent respectively. All sectors were in the red except for gold, which saw an uptick of 3.76 percent. Earlier, the index fell as much as 2.26 percent.

    Oil prices at 12-year lows
    Symbol
    Name
    Price
    Change
    %Change

    NIKKEI Nikkei 225 Index 17161.65

    -553.98 -3.13%
    HSI Hang Seng Index 19934.88
    ---
    UNCH 0%
    ASX 200 S&P/ASX 200 4918.10

    -69.34 -1.39%
    SHANGHAI Shanghai Composite Index 2949.60
    ---
    UNCH 0%
    KOSPI KOSPI Index 1894.47

    -21.81 -1.14%
    CNBC 100 CNBC 100 ASIA IDX 6018.17

    -95.12 -1.56%
    Oil prices remain a major focus for markets in Asia after U.S. crude and Brent futures hit fresh 12-year lows in overnight trade.

    While data showed U.S. crude inventories rose 234,000 barrels last week, lower than expected, it was overshadowed by a reportedly massive build-up in gasoline at 8.4 million barrels and over 6 million in distillates, which includes diesel and heating oil.

    Lance Kawaguchi, managing director and global sector head for the resources and energy group at HSBC, said the pain from slumping oil prices was spreading to the broader energy sector.

    "Crude oil prices at a 12-year low pile the pressure on energy-related companies to accelerate actions to cut costs and restructure," he said.

    "It intensifies the squeeze on working capital and makes effective cash management all the more important."

    U.S. crude futures settled at $30.48 a barrel, after briefly falling below the psychologically key $30 level. Internationally traded Brent was down at $30.31 a barrel, closing below the U.S. crude level for the first time since Dec. 30, 2015.

    Overnight on Wall Street
    Major indexes in the U.S. were sharply in the red, with the S&P 500 slipping below the 1,900-point benchmark and officially entering correction territory, down 11.29 percent from its May 21, 2015 closing high of 2,130.82 .

    The S&P 500 shed 48.40 points, or 2.50 percent, to drop to 1,890.28 on Wednesday.

    The Dow Jones industrial average closed down 364.81 points, or 2.21 percent, at 16,151.41 while the Nasdaq composite was down 159.85 points, or 3.41 percent, at 4,526.06.

    On the data front, Australia is set to release its December employment data.After adding an unexpected 71,000 jobs in November, most economists expect to see a dip in employment numbers.

    Central banks in South Korea and Indonesia are set to announce their monetary policy decisions.

    — Follow CNBC International on Twitter and Facebook.

    Saheli Roy ChoudhuryNews Assistant






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    EWJ 11.36

    -0.10 -0.87%
    ASHR 22.95

    -1.24 -5.13%
    FXI 30.82

    -0.58 -1.85%
    ISHARES MSCI CIF 39.06

    -0.86 -2.15%
    VANG MSCIPAC 52.57
     
  3. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Bank of Japan adopts negative interest rates - CNBC


    Charging banks for the privilege of parking some of their excess funds was an unexpected move, although not without precedent. Central banks in Europe, notably the European Central Bank, have slashed interest rates below zero before to push down borrowing costs and prod banks to lend more. http://www.cnbc.com/2016/01/28/bank-...y-reuters.html
     
  4. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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  5. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Yield on 10-year Japan government bonds hit zero for first time - CNBC


    Yields on Japan's benchmark 10-year government bond hit zero for the first time, as investors clamor for safe-haven assets in the wake of a global market rout
    http://www.cnbc.com/2016/02/08/yield...irst-time.html
     
  6. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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  7. PaulB47

    PaulB47 Hillsboro Well-Known Member

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    Yes, the ideal rate is the highest that can be kept up, stealing from the rubes, without the rubes catching a whiff about what is going on. Inflation is a form of taxation.

    Peter Schiff has the picture:
     
  8. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Among socialist govts Inflation is the preferred form of THEFT
     
  9. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Nekki Mkts

    -831.99
    -5.29%
     
  10. PaulB47

    PaulB47 Hillsboro Well-Known Member

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    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
    -- Henry Ford