ZeroHedge Abenomics 'hope' and 'reality' explained by Diapason Commodities' Sean Corrigan - do you believe in miracles? After last night's Japanese GDP print, hope is all that is left. So, if the BOJ can just move prices up for long enough, people will start to demand higher wages while companies will gladly accede, since they will be able to count on the Bank printing enough new money for them to meet the extra expense. As such higher wages are spent, this will mean that both the employers’ sales and, miraculously, their profits will increase to the extent that they will soon be jostling to hire more of these nominally costlier workers.
Read more about Japan’s Last Stand -Portent Of Keynesian Collapse
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