Japan rate pivot means higher US bond yields

NEW YORK – The lender of Japan’s December 20 decision to lift the cover on 10-year govt bond yields in order to 0. 5% from 0. 25% appears on the surface like a minor tweak of financial policy. In reality, it’s a hairline split in the biggest dam in world economic markets. Japan may be the world’s number one creditor, […]#@@#@!!Continue Reading

Can China make its people spend more?

A new document, issued on December 15, announces a bold 13-year plan through 2022-2035 to boost domestic consumption and stop export growth that might achieve the staggering surplus of US$1 trillion at the end of the year. The program is long past due, as economists are actually discussing expanding China’s domestic consumption, specifically private consumers’ demand, […]#@@#@!!Continue Reading