Today’s chart comes from SocGen via ZeroHedge, and is an analog comparison of Japanese, US and German 10 year bond yields:
Remember, Japan has a debt to GDP ratio of over 200%, the Japanese Central Bank printing machine makes The Bernank look like a gold bug, yet bond yields are just above 1% and inflation has never been a concern.
The link and article examines the deflation/inflation question and also includes another analog chart I’ve posted before, comparing the equity indices of these 3 major economies.
The plastic surgery equity index - breasts done, now for some botox.....
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