Some cliffs are:
Argentina-
25-30% inflation
has has bond yield spikes, but hasnt crashed yet...
Japan-
extremely high debt, and artifically very low bond yields
the risk is when bond yields go up Japan could have to do a ton of printing... all while trying to keep bond yields under control to prevent a full on bond yield collapse.
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It's hard for me to tell who is more likely to collapse sooner as they have different situations (albeit both are borderline crash-worthy.
Let's hear your feedback
Argentina-
25-30% inflation
has has bond yield spikes, but hasnt crashed yet...
Japan-
extremely high debt, and artifically very low bond yields
the risk is when bond yields go up Japan could have to do a ton of printing... all while trying to keep bond yields under control to prevent a full on bond yield collapse.
-----
It's hard for me to tell who is more likely to collapse sooner as they have different situations (albeit both are borderline crash-worthy.
Let's hear your feedback