$US up and markets up .... on the 'news' that the ECB may buy bonds later this year.
Japan is determined to be number one money printer ... saw this on ZeroHedge. The gist is ....Japan's worsening terms of trade [mainly high energy import costs] results in counter parties receiving ever more Yen fresh off the presses. The inference is Japan is the closest to tripping over into hyper-inflation as they succeed in devaluing the Yen and all the while moving closer to the point where it will no longer be accepted as payment.
http://www.zerohedge.com/news/2014-10-21/how-japanese-hyperinflation-starts-1-chart
[I couldn't find the original source of this article.]
As I see it ... if the money printing continues in the US and /or Europe this is their future too.
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