Recovery? Maybe so. But buyer beware: that's not the same thing as expansion.
Leap Forward... or Leap of Faith?
Tuesday, March 5, 2002
BoJ Watch: Climbing on Board
Friday, March 1, 2002
At last the stars are aligning for deflation relief in Japan. That should spell more trouble soon for JGB's.
Tuesday, February 26, 2002
He'll be even more circumspect than usual tomorrow -- and that will be a disappointment for the rate-hike bears.
BoJ Watch: Encouraging Signs
Tuesday, February 19, 2002
President Bush's Japan visit appears to have provided important impetus for a reflationary push.
Gold at $300: Is This the Turn?
Wednesday, February 13, 2002
Gold's recent move to $300 represents one of the more promising signs that dollar deflation is finally at an end.
BoJ Watch: Putting on the JGB Short Trade
Tuesday, February 5, 2002
A marginal shift against expectations for sustained yen deflation is creating opportunities to short the Japanese government bond.
Monday, January 28, 2002
The Fed is done "easing," but the deflationary shortfall of dollars remains unaddressed.
BoJ Watch: A Pause On the Yen's Downhill Road
Tuesday, January 22, 2002
Saber-rattling by Asian neighbors has made Japanese officials clam-up on Yen depreciation -- but it's still destined to go lower.
The Risk Aversion Hurdle
Tuesday, January 15, 2002
Robust recovery requires risk-taking, but the Fed's continuing deflationary bias stands in the way.
A Green Eyeshade Recovery
Wednesday, January 9, 2002
Going just by the math, recovery could be swift. But that doesn't mean you won't think we're still in recession.