Signalling a desperation for tangible wealth, customs officials arrested eight South Korean men for smuggling gold out of the country…in their rectums.
January 17th, 2012 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "Japan"
Print Money and Be Damned!
Japan was the world’s most admired economy in the ’80s. Then it was the world’s most despised economy in the ’90s. By 1995, economists pointed their fingers and laughed – the world’s most admired businessman had lost his left shoe. But now, much of the world is barefoot.
September 6th, 2010 | Bill Bonner | 3 comments | Continued
Zen and the Art of Economy Repair
According to an article that appeared in The New York Times, written by Norihiro Kato, the Japanese have gotten good at sloughing off their worldly cares. Japan is no longer the world’s number two economy; it was eclipsed this summer by China. But the Japanese are used to slippage.
August 30th, 2010 | Bill Bonner | 2 comments | Continued
How to Cure an Economic Depression
“As recently as two years ago, anyone predicting the current state of affairs (not only is unemployment disastrously high, but most forecasts say that it will stay very high for years) would have been dismissed as a crazy alarmist.” That was Paul Krugman in today’s newspaper. Thomas Friedman is fixing problems in the Middle East, so we’ll have to make do with Krugman to entertain us on economic matters.
July 14th, 2010 | Bill Bonner | 2 comments | Continued
The Austerity Contagion
The correction is doing its work. The feds tried to stop it with trillions in loans, guarantees, and ‘stimulus’ spending. They failed. Over the last three weeks we have had confirmation after confirmation – the recovery ain’t happening. Unemployment is getting worse. Prices are falling – even the price of labor. The banks don’t lend and the people don’t spend.
July 8th, 2010 | Bill Bonner | 0 comments | Continued
The ‘flations
Why would gold go down so much? Because people are finally realizing that deflation is the real risk, not inflation. Gold could continue to slip and slide for a long time now… It’s hard to say. It can rise in a deflation. But it depends on how volatile and uncertain the markets appear. In a stable, Japanese-style slump, gold could go down and stay down for many years.
July 5th, 2010 | Bill Bonner | 3 comments | Continued
Getting Better?
It was no big deal except that the there’s supposed to be a recovery. And May was important. Because the major stimulus efforts are coming to an end. Economists wanted to see how the economy would hold up without the government holding it up.
June 15th, 2010 | Bill Bonner | 3 comments | Continued
Buy Japan
When we revealed our new Trade of the Decade in The Daily Reckoning earlier this year, the reaction we got from a lot of readers could be summed up in one word: “Huh?” Almost no one quarreled with the first part of our trade, “Sell US Treasurys.” But almost no one agreed with the second half, “Buy Japanese stocks.”
May 14th, 2010 | Addison Wiggin | 2 comments | Continued
Volatility in the Police State
Stocks trade around 20 times earnings now…and the Dow is about 10 times the price of gold. Sometime in the future, you’ll probably be able to buy Dow stocks at 5 times earnings and maybe only 1 times the price of gold. Three thousand seems like a likely target, because that would move stock prices down into the right range from a P/E standpoint…
May 6th, 2010 | Bill Bonner | 6 comments | Continued
To Peg, Or Not To Peg?
When a 10-ton elephant plods through a village of grass huts, the big question on everyone’s mind is: which way is he going to turn next? With China, that fundamental question translates to guessing when Beijing will make changes to the value of the yuan.
April 27th, 2010 | Peter Schiff | 0 comments | Continued
Japanese Government Displays Generosity as Prices Fall in Japan
“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 | Continued
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
