Subject: David Hale Podcast (Feb. 27th, 2013): Findings from Washington DC Meetings and Revised Japan Report
From: "David Hale" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Wed, 27 Feb 2013 14:25:19 -0800 (PST)

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Dear R. Hunter,

Following my recent trip to Washington DC, I have recorded a podcast 
that details my key findings from the trip and analyzes recent 
developments in Japan and Europe. Key conclusions in the podcast 
include:

The sequester will not be averted by March 1 st , and this will hurt GDP 
growth in the second quarter even if it is eventually reversed

The inconclusive results of the Italian election have partially 
reignited the eurozone crisis, with bond yields already rising 
materially in Italy

The likely forthcoming announcement of Haruhiko Kuroda as the new 
governor of the Bank of Japan means that the Bank's balance sheet will 
expand dramatically during 2014

You can access the podcast for the next two weeks by entering the 
following dial-in details:

•   Dial-in Number: 1-347-614-1000 

•   Passcode: 578332 

Additionally, I have attached a revised version of my recent report on 
Japan's monetary policy that includes important quotes from Richard Katz 
of the Oriental Economist

http://www.orientaleconomist.com/index.html

, which puts the current yen valuation and past BOJ easing efforts in 
historical context.

As always, we welcome any questions or comments.

With all best wishes,

David Hale 

Chairman

David Hale Global Economics, Inc.

546 Lincoln Avenue, 2 nd  Floor

Winnetka, Illinois 60093 USA

847-386-6009 (tel)

847-386-6011 (fax)

[email-masked]

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