Tuesday, March 27, 2012

"A massive 40% devaluation of the Japanese yen is imminent and inevitable..."


Are you sitting down? I hope you're not drinking coffee right now....

From Zerohedge:

"Caixin's Andy Xie, who is now confident that a massive 40% devaluation of the Yen is imminent and inevitable (with dire consequences for regional trading partners) ... now that the Japanese economy is no longer competitive in the New Normal world (read trade surplus) of delaying what every other central banks has been doing so well.... "

(Caixin is News and Analysis on China's Markets)

I hope you have at least 3 months of food and water stored up and you hold some gold besides being ready for earthquakes and other natural disasters, you should be ready for the man-made one that is coming.

Read more: Four Years of Japanese Central Planning Failure Chart

2 comments:

  1. Calm down, Mike. Over the last few years the US$ has been devalued by 50% and most Americans barely noticed.
    Plus, Andy isn't considering the full picture, which involves what other countries are doing to their currencies.

    ReplyDelete
  2. Boo wrote, "Over the last few years the US$ has been devalued by 50% and most Americans barely noticed."

    Keyword there is, 'most'.

    A Lot of other People *did* notice and some of them went from living the high life to living on the streets.
    I guess YMMV.

    And for those 'most' who didn't notice, imho, it's Only because of Fed money printing.
    Gosh, imagine how cheap housing in the unitedstate would be right now if there was no T.A.R.P.

    - clark

    ReplyDelete

Comments must be succinct & relevant to the story. Comments are checked frequently and abusive, rude or profane comments will be deleted. I’m just one of many bloggers who answer questions online and sometimes for the press. I usually handle questions about Japan, marketing or the economy, so in those areas I’m more likely to make sense and less likely to say something really stupid. If I post something here that you find helpful or interesting, that’s wonderful. This is my personal blog. If you don't like what you have read here then, just like when you go into a restaurant or bar that allows smoking, if you don't like it, there's something at the front that has hinges on it and it is called a "door."