Not to be left behind the U.S. and Europe, Japan has embarked on yet another round of Quantitative Easing (QE). Of course, Japan QE has been going on for 20 years, with little results to show for it. The only advantage Japan has is that most of the money it borrows are from its own citizens.
MarketWatch has full coverage on “Japan embarks on new QE”.. So as of now, all of the major economic zones – U.S., Europe, Japan and China are heavily involved in providing stimulus to their economies. Or is it just a co-ordinated race towards devaluation ? Whatever the case, this does not sound very promising for the global economy.
AND THE S&P 500 IS AT A 4-YEAR HIGH. Go figure !!!