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by csa
3392 days ago
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Serious question... do you or have you recently lived in Japan? Japanese people don't think things are going so well. Many knowledgeable non-Japanese don't think that things are going so well. My personal take is that Japan is taking a huge gamble by taking on a massive amount of debt relative to their GDP. The piper will need to be paid at some point. John Mauldin had described the Japanese economy as a bug in search of a windshield. Based on what my Japanese friends in the financial sector say, they agree. Everyone is just crossing their fingers now and hoping that something... anything... happens to force a redirect. No one is quite sure what this will look like (I personally think yen will take a big hit, but that's just a guess). |
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Not saying that you're wrong but it's not the first time I have read that comment.