The Serious Economic Warning No One Is Talking About
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On Tuesday, July 12, a huge event happened in the investing world.
But if you’re like most Americans, you probably haven’t even heard about it.
The mainstream media didn’t discuss this event much. It was too busy pointing out that the S&P 500 and Dow Jones Industrial Average have hit new all-time highs.
Meanwhile, something much bigger was happening on the other side of the world.
Today, we’ll tell you what this event was…and why it means big trouble is likely on the way for investors.
Earlier in the week, the Japanese yen plummeted…
It fell 1% over Monday and Tuesday.
This might not sound like a big deal. But it was the yen’s biggest two-day slide since November 2014.
Japanese Prime Minister Shinzo Abe triggered the plunge when he surprised the world with an announcement on Tuesday. Bloomberg Business reported:
The currency fell by more than 1 percent against all of its 31 major peers after Abe said he planned to add fiscal stimulus after his victory in last weekend’s upper house election. The premier indicated Tuesday he will order ministers to prepare plans for further measures aimed at supporting domestic demand.
According to The Wall Street Journal, “The prime minister is widely expected to compile a new spending package worth more than ¥10 trillion ($96 billion) in the autumn.”
“Further measures” could also include more monetary stimulus. Bloomberg explained:
BOJ [Bank of Japan] Governor Haruhiko Kuroda has repeatedly said the central bank won’t hesitate to expand stimulus. More than half of economists surveyed before the June meeting were predicting a move on July 29.
Governments often use reckless monetary policies to try to stimulate their sluggish economies…
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