Bill Bonner is the Founder and President of Agora Publishing, one of the world's most successful consumer newsletter publishing companies, and the author of The Daily Reckoning. Bill Bonner is also a frequent contributor to Strategic Investment. Bill Bonner is the author, with Addison Wiggin, of the New York Times business best-seller Financial Reckoning Day: Survivng The Soft Depression of The 21st Century.
The Bank of Japan poured a record amount of cash into the financial system and doubled the size of its asset-purchase program to shield the economy from the effects of the nation’s strongest earthquake on record.
Remember, Japan, Europe and America all depend on low interest rates. They’re all addicted to cheap money. Take away the stimulants and their economies slump.
While the feds pump up prices worldwide, the average fellow in America or Europe is unable to keep up. Local products and services are actually falling in price as he eases off his buying habits.
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