Japan Spirals into Bankruptcy?
- Thread starter observer67
- Start date
I still don't have any position as yet in JPY or JGBs.
Here are a couple of articles that put forward the argument that Japan's high level of government debt is not a big concern:
May 2012:
http://www.businessinsider.com/japan-is-never-going-to-default-2012-5
October 2012:
http://www.businessinsider.com/nomura-on-shorting-japanese-government-bonds-2012-10
Here are a couple of articles that put forward the argument that Japan's high level of government debt is not a big concern:
May 2012:
http://www.businessinsider.com/japan-is-never-going-to-default-2012-5
October 2012:
http://www.businessinsider.com/nomura-on-shorting-japanese-government-bonds-2012-10
quiet night in forex
I read every single post on this thread
it started back in 2010 when people were still intelligent
interesting to see how things are playing out
a good discussion on fiat currency
and then some activity surrounding the tsunami
best posts mentioned immigratation
it would seem we have virtually an unlimited supply of people that want to immigrate
I read every single post on this thread
it started back in 2010 when people were still intelligent
interesting to see how things are playing out
a good discussion on fiat currency
and then some activity surrounding the tsunami
best posts mentioned immigratation
it would seem we have virtually an unlimited supply of people that want to immigrate
Actually there is an abundance of proof, but not about everything. When he was at Bretton Woods, virtually all of his objections, on which he did not prevail, have been later been shown to be well-founded. He was right about almost everything so far.
(I'm looking for a specific reference for you.)
Fractals, here is at least a starting point. http://www.guardian.co.uk/commentisfree/2008/nov/18/lord-keynes-international-monetary-fund
Also, please do a search on Bradford DeLong, the U.C. Berkeley Prof who's specialty is economic history. He is rather an expert on Keynes. That will lead you to many interesting articles and both sides of the ongoing debate of whether Keynes was right.
here is something from Delong in http://en.wikipedia.org/wiki/John_Maynard_Keynes regarding Keynes at the Bretton Woods Conference. "According to US economist Brad Delong, on almost every point where he was overruled by the Americans, Keynes was later proved correct by events.[38]" (The Wkipedia article, by the way, on Keynes is an excellent and detailed summary account of Keynes' life and economic viewpoint.)
Another interesting point is Keynes strong objections to the the way Germany was left with an unpayable reparation bill after World War I. The war that caused World War II. Keynes correctly predicted exactly what would happen.
Also, please do a search on Bradford DeLong, the U.C. Berkeley Prof who's specialty is economic history. He is rather an expert on Keynes. That will lead you to many interesting articles and both sides of the ongoing debate of whether Keynes was right.
here is something from Delong in http://en.wikipedia.org/wiki/John_Maynard_Keynes regarding Keynes at the Bretton Woods Conference. "According to US economist Brad Delong, on almost every point where he was overruled by the Americans, Keynes was later proved correct by events.[38]" (The Wkipedia article, by the way, on Keynes is an excellent and detailed summary account of Keynes' life and economic viewpoint.)
Another interesting point is Keynes strong objections to the the way Germany was left with an unpayable reparation bill after World War I. The war that caused World War II. Keynes correctly predicted exactly what would happen.
I agree. That's an excellent summary of the U.S. situation after World War II and what changes the U.S. can expect going forward. I did not agree at all with Member's contention, however, that deflation, on balance, will benefit the Western economies. It certainly won't benefit a large debtor nation such as the U.S. If the U.S. were to experience significant deflation in the overall economy right now we'd be in a real pickle. The Fed is not going to allow it, and for a very good reason.
