The year 2010 will prove that Japan flips from deflation to something very different with the beginnings of debt monetization by the central bank which will spin out of control. The view is also maintained from PIMCO’s Paul McCulley, who said that the Bank of Japan should buy unlimited amounts of long-term government debt to lift the country out of a deflationary liquidity trap.
Customers, employees, shareholders, and taxpayers hate large corporations for many reasons. A study conducted by 24/7 Wall Street has looked at many of these issues to choose the 15 most hated companies in America. Some of them include AIG (top’s the list), Citigroup, Dell, United Airlines and K-Mart.
Robert McEwen, chairman of U.S. Gold Corp says that investors will reallocate capital to hard assets and real money as the dollar loses its strength and excessive printing of paper money all around the world causes money to move into gold.