Peter Pan Is Dead – Japanese Economy Stalls For 6th Time In 6 Years
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/14/2016 – 18:56
We just cannot wait for the next time either Abe or Kuroda utter the following string of words “[stimulus – insert any combination of equity buying, bond buying, money printing, and NIRP] is having the desired effect.” For the sixth time in the last 6 years, GDP growth has once again turned negative and while the BoJ balance sheet continues to balloon, so the nation’s economy (as measure by GDP) is now shrinking as Peter Pan policy is officially dead.
With 3 of the top 4 forecasters already suggesting Japanese GDP growth would be worse than the median estimate of -0.2% growth, fairy-tales were all they had left… Nearly a year ago, Bank of Japan governor Haruhiko Kuroda described the unlikely inspiration behind Japan’s unprecedented monetary stimulus: Peter Pan.
I trust that many of you are familiar with the story of Peter Pan, in which it says, ‘the moment you doubt whether you can fly, you cease forever to be able to do it’.Yes, what we need is a positive attitude and conviction. Indeed, each time central banks have been confronted with a wide range of problems, they have overcome the problems by conceiving new solutions.
The post Peter Pan Is Dead – Japanese Economy Stalls For 6th Time In 6 Years appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/14/peter-pan-is-dead-japanese-economy-stalls-for-6th-time-in-6-years/
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