Japanese stocks will rise on earnings boosted by the economic policies of Prime Minister Shinzo Abe, policies that are based on flawed analysis of the country’s problems, according to economist Andrew Smithers.
U.S. stocks are set for a “significant rally” which will provide an opportunity for investors to sell before equities resume declines, according to economist Andrew Smithers.
Japanese stocks are a better value than U.S. equities and will extend gains even without further weakness in the yen, according to advisory firm Smithers & Co.
"Deflation, which poses no problem, has been demonized and the root cause of the need for large fiscal deficits, which is a combination of excessive depreciation allowances and past over-investment, is ignored."
- Andrew Smithers on Jul 18, 2013