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BREAKING: Japan Will Cause The Next Big Global Crisis!!

 
Gypsy Priest
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06/13/2013 12:50 PM
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BREAKING: Japan Will Cause The Next Big Global Crisis!!
Zulauf spoke with Financial Sense:

I do believe that this will be the root cause of the next big global crisis whenever it breaks out, probably sometime over the next 12 to 18 months or so. First of all, I think the Japanese situation is very dangerous because Japan’s tax revenues, when you look at the numbers, they have to use almost 50% to service their government debt—their Federal government debt. So if interest rates rise further, Japan is basically bust…I think this is a very dangerous thing that the Japanese are starting and I believe it will most likely be the trigger for the next big global crisis in financial markets and the world economy.

[link to www.businessinsider.com]

NIKKEI 225
12445.38. -843.94‎ (-6.35%‎)
********Get your facts first, then you can distort them as you please*******
Anonymous Coward
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06/13/2013 12:52 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
Zulauf spoke with Financial Sense:

I do believe that this will be the root cause of the next big global crisis whenever it breaks out, probably sometime over the next 12 to 18 months or so. First of all, I think the Japanese situation is very dangerous because Japan’s tax revenues, when you look at the numbers, they have to use almost 50% to service their government debt—their Federal government debt. So if interest rates rise further, Japan is basically bust…I think this is a very dangerous thing that the Japanese are starting and I believe it will most likely be the trigger for the next big global crisis in financial markets and the world economy.

[link to www.businessinsider.com]

NIKKEI 225
12445.38. -843.94‎ (-6.35%‎)
 Quoting: Gypsy Priest


Japan was in big trouble five years ago. This is just people catching up with the past situation. Right now it's worse than advertised...lots worse.

This is not new news.
Gypsy Priest  (OP)

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06/13/2013 12:52 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
On why continued economic growth could spell a disaster for bonds:

The consensus says that the US economy [and elsewhere] should be firm and firming during the rest of the year...If that is correct, then it would mean that bond markets are at serious risk…You have to keep in mind that the banking system, be it in Japan, the US, or Europe, is getting virtually free money from the central bank. And then they buy bonds and ride the carry trade. That has been very beneficial in recent years and it is beneficial as long as bond yields do not rise. But now with the changing expectations of an improving economy in the US, it seems that banks are afraid of a 1994 situation in the bond market and they are beginning to sell bond positions…

[link to www.financialsense.com]
********Get your facts first, then you can distort them as you please*******
Gypsy Priest  (OP)

User ID: 37401502
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06/13/2013 12:57 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
Zulauf spoke with Financial Sense:

I do believe that this will be the root cause of the next big global crisis whenever it breaks out, probably sometime over the next 12 to 18 months or so. First of all, I think the Japanese situation is very dangerous because Japan’s tax revenues, when you look at the numbers, they have to use almost 50% to service their government debt—their Federal government debt. So if interest rates rise further, Japan is basically bust…I think this is a very dangerous thing that the Japanese are starting and I believe it will most likely be the trigger for the next big global crisis in financial markets and the world economy.

[link to www.businessinsider.com]

NIKKEI 225
12445.38. -843.94‎ (-6.35%‎)
 Quoting: Gypsy Priest


Japan was in big trouble five years ago. This is just people catching up with the past situation. Right now it's worse than advertised...lots worse.

This is not new news.
 Quoting: Anonymous Coward 372471


To some people, it is, and I agree. It's a lot worse.
********Get your facts first, then you can distort them as you please*******
Gypsy Priest  (OP)

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06/13/2013 12:59 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
bump
********Get your facts first, then you can distort them as you please*******
Gypsy Priest  (OP)

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06/13/2013 01:29 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
bump
********Get your facts first, then you can distort them as you please*******
Gypsy Priest  (OP)

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06/13/2013 01:34 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
NEW YORK — In the latest proof that what goes up a lot can go down just as fast, Japan's benchmark stock index tumbled into official bear market territory Thursday after a sharp run-up earlier in the year.

The Nikkei 225 plunged 6.35% Thursday, continuing a period of massive volatility and extending its losses to 20.36% since its May 22 closing high of 15,627.26. A drop of 20% or more from a previous high is the common definition of a bear market.

It is still up 19.7% for the year.

[link to www.usatoday.com]
********Get your facts first, then you can distort them as you please*******
Anonymous Coward
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06/13/2013 02:21 PM
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Re: BREAKING: Japan Will Cause The Next Big Global Crisis!!
what, 12 to 18 months, way to long to wait for doom





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