Tag Archives: Yen

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    © Pavel Kusmartsev | Dreamstime.com

    Off the Cuff: Will We Learn from Japan’s Missteps In Time?

    Its fate could shock other countries into action
    by Adam Taggart

    Thursday, November 22, 2012, 7:14 AM

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    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • Japan's Kamikaze Monetary Policy
      • The yen may be poised for destruction
    • Denial is a river in Germany, Greece, and Spain
      • Poor decisions being made in all three countries
    • Fiscal Cliff: Deal or No Deal?
      • What's most likely at this point

    In this Thanksgiving edition of Off the Cuff, Chris and Mish are grateful for Japan. Why? Because Japan will likely collapse under its unsustainable monetary and fiscal policies before the U.S. does.

    Much of the structural rot that ails the U.S. has been festering for much longer in Japan. With signs growing that the Japanese economy is nearing its predictable endgame, its implosion might be shocking enough to cause our leaders to think seriously that fate could be ours if we don't take radically different actions immediately.

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    The Library of Congress | flickr Creative Commons

    Off the Cuff: Beggar Thy Neighbor

    What happens to world currencies when everyone prints money?
    by Adam Taggart

    Thursday, September 20, 2012, 11:17 PM

    20

    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • Asian saber-rattling
      • How serious is it?
    • From here to QE-ternity
      • And wither the dollar from here?
    • Leading indicators lose steam
      • The economy is slowing further.
    • Intervention in oil prices?
      • Recent trades look fishy.

    Where to start this week?

     

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  • Insider

    Japan Is Struggling

    More data on my favorite black swan candidate for 2012
    by Chris Martenson

    Saturday, July 28, 2012, 1:53 AM

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    In a prior piece this year, I proclaimed Japan to be my favored candidate to be the black swan of 2012. By this I mean that a financial accident in Japan that would create massive havoc in the world markets seems even more likely to me than something originating in Europe.

    The reason is precisely because all eyes (and efforts) are focused on Europe, leaving Japan out of focus and unattended, so to speak. This is practically a requirement for a crisis spot; crises never seem to arise in the place everybody is already watching. Japan is nicely out of focus and therefore a good place for us to keep our eyes trained upon.

    In the most recent podcast with Mish, we discussed the fact that Japan had recently posted its largest first half trade deficit in history. Then Mish asked if Japan's current account had slipped into negative territory yet, as that event will accelerate the pace at which Japan's looming structural insolvency will arrive.

    While discussing the current account, a normally obscure economic term, seems a bit wonkish, it is really quite important. So let's start there, with a definition as a refresher for myself and perhaps an introduction for others.

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  • Blog

    Japan Is Now Another Spinning Plate in the Global Economy Circus

    by Chris Martenson

    Monday, March 5, 2012, 4:00 PM

    0

    At the circus, you are sometimes treated to the spinning plate act where a performer tries to keep an improbable number of plates spinning at once, racing from one plate to the next as their wobbles indicate the need for another dose of momentum. Considering the number of spinning and wobbling plates that our central planners are managing, it’s easy to be both amazed and anxious at the same time.

    The difference between the spinning plate analogy and real-world economic and financial systems is that if a failure occurs out in the real world, it has a very high chance of spreading across and through the other elements of the system. Contagion is the fear, as if in finally toppling, one plate will crash into its neighbor and set off a chain reaction of falling plates.

    To carry this metaphor, Japan is a wobbly plate.

    For those who are in a hurry today, the bottom line is that Japan is in serious trouble right now and is a top candidate to be the next black swan.

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  • Blog

    Daily Digest 3/19 – Courage Of The Fukishima 50, The “Permanent Bull Market”, New Ways To Store Nuclear Waste

    by DailyDigest

    Saturday, March 19, 2011, 2:46 PM

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    • Courage of the Fukushima Fifty: This Is Suicide, Admit Workers Trying To Avert A Catastrophe
    • TEPCO Director Weeps After Disclosing Truth About Fukushima Disaster
    • Japan Quake Shakes U.S. Treasury Bond Market Get Ready for Financial Meltdown
    • Volatility and the “Permanent Bull Market”
    • Quake Response Puts Yen on the Line
    • Yentervention – G7 Style 
    • Nothing Left To Steal
    • The F-35: A Weapon That Costs More Than Australia
    • Japan’s Fearless Women Speculators
    • New Process Cleanly Extracts Oil From Tar Sands And Fouled Beaches
    • Nuclear Waste: From Bombs to $800 Handbags

    Crash Course DVDShare the Crash Course with your friends and family – buy the DVD today (NTSC or PAL)

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  • Blog

    Straight Talk with Mike Shedlock (aka “Mish”)

    by Adam Taggart

    Wednesday, October 27, 2010, 4:16 AM

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    Today marks the launch of our new and (hopefully) regularly recurring “Straight Talk” series, featuring thinking from notable minds the ChrisMartenson.com audience has indicated it wants to learn more about. Readers submit the questions they want addressed and our guests take their best crack at answering. Our hopes are high you’ll enjoy the expert insights and alternative perspectives this new series brings. 

    Our inaugural Straight Talk contributor is Mike Shedlock, author of Mish’s Global Economic Trend Analysis, one of the most visited and respected economic blogs on the Web. Mish is an outspoken deflationist and outlines his rationale for being so in his answers to our questions. He is also a registered investment advisor representative for SitkaPacific Capital Management. 


    1. You’ve gone from mainframe computer programming analyst (in 2005) to being one of the most widely-read econobloggers in the world today. To what extent do you attribute your competitive advantage to holding a non-traditional background vs. the more ‘classically’ trained analysts and commentators?

    Mish: It certainly helps not having a background in economics as taught by academia today. Nearly everyone in academia is a Keynesian or Monetarist.

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    Financial recommendations – a brief look back at 2008

    by Chris Martenson

    Thursday, January 1, 2009, 10:26 PM

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    Eleven months ago, in February 2008, I led a conference at Rowe (MA) along with Becca Martenson and Alejandro Levins. At that time, the current financial crisis was not even on the radar screen for most journalists and investment houses.

    We made these financial recommendations:

    • Reduce exposure to equities
    • 10-50% of “Nest Egg” in Gold
    • Watch the markets carefully! Know what to look for.
    • 3 months’ expenses “out of the bank” and in cash (and remaining money in SAFER banks)

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