Money and Finance
- Kyle Bass: The Looming Crises In Asia
Link to: Kyle Bass: The Looming Crises in Asia For the last several years, nobody has been more outspokenly bearish on Japan than Kyle Bass. In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s...
- John Mauldin: Central Bankers Gone Wild
When Jonathan Tepper and I wrote Endgame some two years ago, the focus was on Europe, but we clearly detailed how Japan would be the true source of global volatility and instability in just a few years. “A Bug in Search of a Windshield” was the title...
- John Mauldin: The Mother Of All Painted-in Corners
I wrote several years ago that Japan is a bug in search of a windshield. And in January I wrote that 2013 is the Year of the Windshield. The recent volatility in Japanese markets is breathtaking but characteristic of what one should come to expect from...
- Three Reasons Japan’s Economic Pain Is Getting Worse – By Jared Diamond
Japan’s economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt. Japan’s ratio of government debt to gross domestic product, currently about 2.28, is by far the highest in the industrial world,...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...
Money and Finance
A New Year, but Some Old Issues – by Bill Bishop
Last week’s column concluded with the comment that a resolution to the Chinese-Japanese dispute over the Diaoyu/Senkaku Islands seemed far away despite hopeful talk about the possibility of a summit meeting between Xi Jinping of China and Shinzo Abe of Japan.
Statements in recent days by the Japanese prime minister will not bring a solution closer. Mr. Abe told a Japanese legislator that “he would consider permanently basing civil servants” on the islands. In comments that were prominently reported in Chinese media, Mr. Abe also stated in a speech to Japan’s Self-Defense Forces that he “will take the lead to stand up against the present danger and protect the people’s lives and asset, as well as our land, the seas and the air at all costs.” The air may already be under attack, as the smog produced in China is blown eastward to Japan.
Stock markets in Japan and China seem unconcerned about the risk of escalation. The Nikkei 225 has rallied for 12 consecutive weeks, gaining about 25 percent in its best weekly run since 1959. The Shanghai Composite Index is at a nine-month high.
- Kyle Bass: The Looming Crises In Asia
Link to: Kyle Bass: The Looming Crises in Asia For the last several years, nobody has been more outspokenly bearish on Japan than Kyle Bass. In a recent talk, Bass reiterated his doubts about Japan’s chances of averting a debt crisis. What’s...
- John Mauldin: Central Bankers Gone Wild
When Jonathan Tepper and I wrote Endgame some two years ago, the focus was on Europe, but we clearly detailed how Japan would be the true source of global volatility and instability in just a few years. “A Bug in Search of a Windshield” was the title...
- John Mauldin: The Mother Of All Painted-in Corners
I wrote several years ago that Japan is a bug in search of a windshield. And in January I wrote that 2013 is the Year of the Windshield. The recent volatility in Japanese markets is breathtaking but characteristic of what one should come to expect from...
- Three Reasons Japan’s Economic Pain Is Getting Worse – By Jared Diamond
Japan’s economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt. Japan’s ratio of government debt to gross domestic product, currently about 2.28, is by far the highest in the industrial world,...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...