On Japan, US Housing Affordability & S&P 500 Earnings Boom

With a huge snap election victory behind her, Japan’s Prime Minister Sanae Takaichi effectively has a political mandate to run with her fiscal stimulus plans, plans that the Bond Vigilantes won’t condone. William discusses the high-stakes gambit being dubbed “Sanaenomics” and why it could roil Japan’s financial markets. … Also: Melissa reports on the forces driving up the costs of housing to the point of an affordability crisis, notwithstanding the strength of the overall economy. … And: That strength is showcased in better-than-expected Q4 results, says Joe, who shares impressive stats on the aggregate earnings of the two-thirds of S&P 500 companies that have reported so far.