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Good morning minute to the opening bell flat opening predicted joining us now from Chicago trait commit Africa and -- -- By the way try I've been reading the emails the all fired up about Japan.
Well what's -- you so riled -- Absolutely Stewart I think that the policies set forth last week by the Bank of Japan.
I think that the Japanese are declaring war on their bond market they're setting a 2% inflation target.
The yield on the ten year treasury in Japan is point six so what bond holder would want to uphold the security the yield two point six out.
If inflation's at 2% also look at what's happening to the -- If I'm a bond holder I have let the government money and they have given me a security that's securities and IOU.
The government now is gonna pay back those bonds with devalued currency -- I don't want incentivizing wanna look at -- -- usually hear is bad news for the bondholders -- -- yet.
It's the third largest economy in the world if Japan has a debt crisis which I believe that they will remember what our stock market did when Greece had to debt crisis Greece has the same GDP is the state of Indiana Greece doesn't matter Japan's third largest economy in the world.
If and when they have a debt crisis it will send shock.
Waves through the financial markets all over the world including our all right you -- it right -- expressed.
I must admit that my friend connect but we didn't hear you fine.
-- on you.
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