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MAY 20, 2013 - Zero Hedge

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This Crisis Will Be Over 30 Times Bigger Than Greece

  Japan has fueled much of this latest rally in stocks, driving the marketing first with promises of money printing by the Prime Minister in November 2012, and then a massive $1.2 trillion QE program announced by the Bank of Japan last month.   The result of this has been a collapse in the Yen and a 70%+ rally in the Nikkei in the last six months.   This has been the fundamental driver of this latest risk on rally. Remember that the US Federal Reserve has begun changing its language regarding QE and has even hinted at tapering QE before the year-end. So it’s the Bank of ... Read More

Tags: This Crisis Will Be Over 30 Times Bigger Than Greece,  Interest Rates Latest News