Currently viewing the tag: "Japan"

The last couple of weeks have been very interesting. Remember that, certain regional differences aside, Japan has, for the past two-plus decades, been the global trendsetter in terms of macroeconomic deterioration and monetary policy. It was the first to have a major housing and banking bubble, the first to see that bubble burst, to respond […]

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The publication, earlier this week, of the Federal Reserve’s Federal Open Market Committee minutes of January 29-30 seemed to have a similar effect on equity markets as a call from room service to a Las Vegas hotel suite, informing the partying high-rollers that the hotel might be running out of Cristal Champagne.  Around the world, […]

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I do not want to waste your time and my energy with shooting down misguided Keynesian schemes all the time, schemes that have been refuted long ago and should by now be instantly laughed out of town whenever put forward. But arch-Keynesian Richard Koo’s latest attempt in the commentary section of the Financial Times to […]

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I took the title for this blog from an interview that James Turk of the GoldMoney Foundation conducted with Eric Sprott, a Canadian fund manager. You can see it here. (I also recommend you have a look at this interview with Doug Casey.) I think the quote is a succinct summation of the role that […]

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First of all, apologies appear to be in order. Over the past six weeks, my commentary on the Schlichter Files was somewhat sporadic. I spent most of the summer with my family in Italy where I voluntarily removed myself somewhat from the fitful convulsions of the financial system’s death-throes. Then, last week I attended the […]

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Just a few quick thoughts on the developments over the past six days. For what it’s worth. Hope you find it interesting. Japan The tragic events in Japan are going to aggravate Japan’s fiscal problems. Even before the earthquake and tsunami, Japan’s fiscal position was unsustainable. It just became more unsustainable. There is not one […]

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When I tell people that I wrote a book about the coming collapse of the paper money system they sometimes assume that I wrote about the euro and the risk of its break up. For many, the demise of the euro appears to be the only currency crisis they can imagine. This is obviously a […]

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