It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 20 December 2009

A lesson from Japan ?

Japan's bubble burst 20 years ago.At the time Nomura was regarded as a core holding for international portfolios and Japanese management techniques were being studied globally.As we approach the 20 year cycle from the all time high (an important Gann cycle) Japan is still in deflation and the Nomura chart still looks vulnerable !

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