Good report Scott.
U.S. Abandoned by Japan?
After the UK jumped onboard, Japan’s Finance Minister is openly considering joining the China-led Asian Infrastructure Investment Bank if it could guarantee a credible mechanism for providing loans. You know its bad when the Japanese are starting to bail on Washington. Of course, Japan has a lot more problems…
Japanese Pension Funds
Because of the Bank of Japan’s insane actions, Japanese public pension plans are also feeling the heat and are shifting to riskier assets like stocks. Just imagine the hysteria when their stock market goes down.
Greek citizens debate a future which may include the suspension of salaries, pension fund plundering, and capital controls. Between December and February, over 22 billion euros have left the banking system in Greece and of this, 10 billion or 45% went under the mattress.
Oil Price Layoffs
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