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