“Japan Deflation Hits a Record Pace,” reported the BBC. Prices in Japan were falling faster than they ever had since they began keeping track in 1970.
February 8th, 2010 | Bill Bonner | 5 comments | ContinuedAll Posts Tagged With: "Japan"
Made in Japan: A New Bull Market
In March 2009, Montier updated his findings and found more net-nets than ever. Again, more than half were in Japan. He called Japanese small caps among “the cheapest assets on earth.”
January 21st, 2010 | Chris Mayer | 5 comments | Continued
Typical Japanese Investor Would End Up With Less Than What He Started With
Let’s talk about Japan. You remember, Japan? It’s the country with the 20-year on-again, off-again depression. You could have bought stocks in Tokyo 20 years ago…held onto them…and guess what you’d have today?
January 20th, 2010 | Bill Bonner | 0 comments | Continued
Japan and its Economy Did Not Have Secret to Everlasting Success
Let’s see, in the 1980s Japan’s corporate leaders thought they were going to take over the world. Investors thought so too. They expanded. They wheeled. They dealed. Prices shot up and they all thought they were geniuses.
November 13th, 2009 | Bill Bonner | 13 comments | Continued
U.S. Government Must Roll Over $3.4 Trillion in Debt Over Next Four Years
And if America can’t find anyone willing to finance its deficits, what then? Well, the luxury of issuing debts in the currency you also print is that you can print money to pay for them. Technically, you can never become insolvent when you enjoy this privilege. The Fed, for example, can create new money to buy debt issued by the Treasury, funding deficits ad infinitum.
November 3rd, 2009 | Dan Denning | 5 comments | Continued
House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties
A fellow loses his job; he can’t pay his mortgage. The house goes onto the market and pushes down prices. Prices in California are off 30% year-to-year, with the median house at $267,000. In Las Vegas, the median house is only $135,000…
June 29th, 2009 | Bill Bonner | 3 comments | Continued
Japan: A Morality Tale of Banks and Government Refusing to Deal With Debt?
This may puzzle some people. Wasn’t the Japanese economy roaring into a bubble in the late 1980s? Indeed it was – driven in part by the 300 basis point decline in interest rates that resulted from the soaring yen.
May 27th, 2009 | Nathan Lewis | 0 comments | Continued
Investors Tend to Race Ahead and Ruin the Whole Thing
If people could read next year’s fashion magazines, they’d buy tomorrow’s fashions today. Then, some wiseacre would buy the day after tomorrow’s fashions…just to be ahead of everyone else. And then, nobody would want to be stuck with tomorrow’s hairdo – it would already be out-of-style.
May 19th, 2009 | Bill Bonner | 0 comments | Continued
The World Needs More Richard Bransons
Not to be a Danny Downer, but arguably worse news comes out of Japan. There we learn that Japan ran its first current account deficit in 13 years-shocking news for an economy that’s driven by export growth. Exports fell a mind-boggling 46.3% from the year before.
March 10th, 2009 | Dan Denning | 1 comment | Continued
Obama’s Bailout: Too Little, Too Late?
The combination of falling earnings and falling P/Es does to stock prices approximately what the Romans did to Carthage in the third Punic War. That’s why we have our Crash Alert flag flying. Stock prices delenda est. Typically, depressions come with bear markets. And bear markets come with bounces and rallies. We expected an O! Bama! bounce after the election. We got one…but much less than we expected. Stocks only rallied about 15%…
February 19th, 2009 | Bill Bonner | 0 comments | Continued