Abenomics: Japan's economic revolution will rock our world. BOJ blows big bubble say experts.; Japanese people have a bubble every 50 years. Once Japan does have a bubble they do it really big.
Tweet Topic Started: 22 Jan 2013, 12:01 PM (13,759 Views)
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
What amazes me is just how ultra right wing you left wingers are.
What amazes me is that you think I am any wing at all. Human beings are always pissing on each other. It annoys me when someone calls it rain.
Rain? Twas nought but a wee sprinkle.
Don't worry, you're not the only chardonnay socialist on here who writes that we need to help the aged and the little people whilst pushing an economic barrow that would crush them.
Any expressed market opinion is my own and is not to be taken as financial advice
Well in fairness you seem to be fairly well met with our Austrian friends.
I've read Das Kapital as well. Does that make me a communist?
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Never met a commy who quoted Ludwig Von Mises at me.
Oh right, you have to believe ALL the dogma, you don't get to pick and choose.
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BTW, there will be no hyperinflation in Japan. Or the US. Or the EU.
It should be noted that hyperinflation can sometimes be less destructive than very high inflation. With hyperinflation, eventually you get a reset, and you get the opportunity to create a new or refreshed monetary system. Very high inflation accelerates the transfer of wealth from the middle class to the rich, because they need to sell real assets to eat.
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Higher inflation? Yes, but not hyper or anything close to it in my view.
How high? 7%? That would halve your savings in 10 years. 14%? That would halve your savings in 5. Nasty thing that compounding.
peter fraser
11 May 2013, 10:48 PM
Don't worry, you're not the only chardonnay socialist on here who writes that we need to help the aged and the little people whilst pushing an economic barrow that would crush them.
Being the devil's advocate means pushing all sorts of barrows. After a while they all blur into one, perhaps you could expand on what barrow you think I am pushing to jog my memory.
(Is it the counter to your 'land values should go up forever so people can make effortless profits for their retirement'?)
Another day and........... JGB Futures Halted (again) For Biggest 2-Day Plunge Since Lehman; 5Y Yields Hit 13 Month Highs.
Keep your attention here folks especially if they start halting the trading twice in 1 day.
I was just watching the y10-year bond yields skyrocket with a bit of jaw-dropped surprise.
It is not just Japan BTW. US yields are on the move as well. Not that the US yields are high, even by comparison with the past few months. But the move is quite big for such a short time.
miw
13 May 2013, 05:03 PM
I was just watching the y10-year bond yields skyrocket with a bit of jaw-dropped surprise.
It is not just Japan BTW. US yields are on the move as well. Not that the US yields are high, even by comparison with the past few months. But the move is quite big for such a short time.
Looks like it may have been bots over-reacting to the G7 meeting saying it was not even going to discuss Japan's monetary policy. Japan and US yields have gone back down a long way and Europe has opened with yields down....
Didn't anyone tell the BOJ there supposed to be buying the JGB's?
Enjoy The Ride!
The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.” ― Friedrich A. von Hayek
"I, on the other hand, am a fully rounded human being with a degree from the university of life, a diploma from the school of hard knocks, and three gold stars from the kindergarten of getting the shit kicked out of me." Blackadder.
Who's to say they weren't in the market filling their boots?
As they have no financial constraints, I would expect they would have kept the market orderly.
No doubt Kyle Bass will be happy.
Enjoy The Ride!
The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.” ― Friedrich A. von Hayek
"I, on the other hand, am a fully rounded human being with a degree from the university of life, a diploma from the school of hard knocks, and three gold stars from the kindergarten of getting the shit kicked out of me." Blackadder.
I wonder if his jump risk options have paid off yet ... I vaguely remember from his presentation that a 250bps move would put them into the money.
Interesting developments in the US. The 10-year treasury made a run at 2% and dropped back. This has happened before, but what is new is that the futures market is pricing in a 50bp increase in the fed funds rate by 2015. (Shadow's definition of "by 2015", by the way. i.e. before 2016.)
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
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