Wednesday, June 29, 2016

Brexit’s Big Loser? Japan
John Rubino* highlights how the fall in the UK's currency is causing problems for Japan .. "Among the results for Japan: more deeply negative interest rates, with all the banking and bond market turmoil that that implies; falling corporate profits; plunging popularity for the current government and probable regime change in the next year or two; a financial crisis when investors figure out that there’s nothing left in the toolbox to stave off the debt/demographics-driven collapse of perhaps the most heavily-indebted government (in relation to its economy) that will ever exist. In a world of potential Lehman moments, Japan just climbed to the top spot."
LINK HERE to the commentary

1 comment:

Anonymous said...

Another telling basic laws of economics that they have to change.