Lunch Break with Keith & Steve | Financial Media Has Japan Dead Wrong

On Friday afternoon, after US equity markets closed, the United States government bought Japanese yen for the first time in twenty-eight years.

And every explanation we've seen from the mainstream media looks like fish floundering. 

So Hedgeye CEO Keith McCullough called the money doctor. Professor Steve Hanke of Johns Hopkins has spent forty years watching governments try to outsmart currency markets, and he does not grade on a curve.

"Not only the analysts, but the financial press just have Japan completely wrong, and they've had it wrong for a long time." — Steve Hanke

In a new (hopefully) regular segment, Keith and Steve discuss the topics that Wall Street and its media are missing - or getting dead wrong.