Think Outside the US
I remain amused by all the calls of hyperinflation and high inflation given the Fed has turned on the printing presses.
However, currencies cannot be viewed in isolation.
To those expecting a total US dollar collapse, here's my word of advice. Stop being so US-centric.
Japan Authorizes Another Trillion in Stimulus
Please note Japan authorizes another $929 Billion to Battle Pandemic.
Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday. |
The package, to be funded by a second extra budget for the current fiscal year beginning in April, would follow a record $1.1 trillion spending plan deployed last month to cushion the economic blow from the pandemic.