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9/12 01:45 ET: Japan Officially Freaks the Hell out

 
^Watcher^
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09/13/2011 12:18 PM
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9/12 01:45 ET: Japan Officially Freaks the Hell out
[link to johngaltfla.com]

Honestly...I need someone to explain to me what this means! LOL

The person that posted this article is freaking out and saying that he believes based on what he read and posted from Reuters that the s is definitely about to htf! Could someone who knows more about finance please take a moment and enlighten the rest of us why this means that Japan has "officially freaked the hell out!" The statement seems pretty calm to me.
chuckle

Thanks in advance!
^Watcher^  (OP)

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09/13/2011 12:22 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
No financial geniuses on a lunch break today? How about some unemployed financial geniuses surfing GLP with nothing else to do. Surely there are some here! lol
Anonymous Coward
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09/13/2011 12:31 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
Tokyo must not forget its severe fiscal situation while paying attention to other countries’ sovereign debt situations.

It is rare for them to be so blunt.
Means they may not be able to intervene effectively.
Thus, cascading sovereign defaults.
Anonymous Coward
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09/13/2011 12:49 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
There is a "clue" in the word "sovereign"...

The debt they are talking about is individually accrued

Time to redeem...

Pay to the order of !!!!
MARTIAL LAW

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09/13/2011 12:58 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
Japan has been in a crisis for decades...the reason they've weathered the storm for so long is because of their nationalism (citizens invested a lot in government bonds).

I know there were rumors from high up BEFORE the earthquake hit that they probably wouldn't make it through the year...since 3/11 there's no way things have gotten anything but worse.

IMO they are trying to hold out for as long as possible and hope the crisis starts in the EU and not them. They hold less Greek debt than most nations (432 million) compared to French and German banks who hold 15 and 22 billion respectively. The US holds about 1.5b. I don't know what their exposure is to Italian/Spanish banks...but I just think they are trying to hold on for as long as possible. They sound so desperate.

Last Edited by MARTIAL LAW on 09/13/2011 12:58 PM
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
^Watcher^  (OP)

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09/13/2011 01:07 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
Japan has been in a crisis for decades...the reason they've weathered the storm for so long is because of their nationalism (citizens invested a lot in government bonds).

I know there were rumors from high up BEFORE the earthquake hit that they probably wouldn't make it through the year...since 3/11 there's no way things have gotten anything but worse.

IMO they are trying to hold out for as long as possible and hope the crisis starts in the EU and not them. They hold less Greek debt than most nations (432 million) compared to French and German banks who hold 15 and 22 billion respectively. The US holds about 1.5b. I don't know what their exposure is to Italian/Spanish banks...but I just think they are trying to hold on for as long as possible. They sound so desperate.
 Quoting: MARTIAL LAW


Thanks for spelling all of that out. The calmness in the statement at the link definitely has an aire of desperation. They are at the end of their rope and have tied a frayed knot waiting to someone to lose their grip first it seems.

Thanks again for that summary!
Anonymous Coward
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09/13/2011 04:29 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
bump
Anonymous Coward
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09/13/2011 04:43 PM
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Re: 9/12 01:45 ET: Japan Officially Freaks the Hell out
Japan has had to have two under the table bailouts, one right after the Tsunami and one about 2 weeks ago, the first cost the US 700 million, not sure of the second amount. Article a week ago, flat out stated Japan's economy is at a WWII level. Greece is considered dead now, with Germany anticipating the total write off of all Greek debt owed to them and others. Spain is running to China to keep their economy afloat. If Greece fails, Germany will have trouble maintaining and most certainly other smaller countries will fail also.