From The Pragmatic Capitalist:

No market has suffered more during the Fed’s boom bust cycle than Japan.

The timing of their own credit crisis in the early 90’s couldn’t have come at a worse time – just before the great innovative boom of the internet age. To make matters worse, they didn’t begin to grasp the complexity of their problems until the U.S. and the rest of the world was slipping into a great recession of their own (please see here for our opinion on the current outlook for the U.S. deflationary battle). And then there is the great recession of 2008.

But after years of abysmal market returns Japan might be the contrarian of all contrarian bets. Here’s why...

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