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Developing: Talk Of Think Tank Saying Rating Downgrade Of Japanese Government Bonds Inevitable
We are trying to procure the report, reported by RanSquawk. If true, Europe's contagion is set to go global, and the JGBs are about to find out what a reversion to the one way tightening path for decades means. Also should stop the JPY appreciation dead in its tracks, and refocus the debt vigilantes on that final bastion of Keynesiansm, the United States.
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If i knew how to put charts in here, I would have. Instead I have to post a link. Based on the chart of gdp and public debt, all of the indicated countries should be downgraded and should have been a long while back. - http://www.foundingfathersfoundation.com/page10.php
There you go ... this one?
And another domino falls.....
Meanwhile, 33 Liberty is still working their stick-save magic (let's face it, they've already erased almost 1/4 of this morning's sell-off). Have to wonder though if today's news is too much for even the new-and-improved FedCo Plunge Protector 10,000.
US firewalls going up everywhere (perhaps Japan shouldn't have bitched so much about the base); US moving more carrier groups to the Iranian coast (via Debka)
We now have Leo on the line:
Leo what do you make of this debt contagion spreading?
But then what do you have to say to all the detractors like Rosenberg?
What would you advice panicked investors do then?
LOL!
Hey! Cheeky gonna get mad!
On a side note somebody is buying TSL inspite of current events...
Moin from Germany,
would be the catalyst for buying the NIKKEI .....
The latest downgrade didn´t have any effect at all....
I doubt that this time the rates would "spike" drasticly....
Events seem to be rapidly spinning out of control.
The term "birth pangs" comes to mind.
Global financial collapse accelerating.
Iran v Israel coming to critical point.
NKorea v SKorea.
What the fuck emerges from the other end, when its all over, I have no idea but I'm confident it will be nothing like the world to which we've become accustomed.
http://www.youtube.com/watch?v=Sh1exCwGiY0
"Events seem to be rapidly spinning out of control.
The term "birth pangs" comes to mind.
Global financial collapse accelerating.
Iran v Israel coming to critical point.
NKorea v SKorea.
What the fuck emerges from the other end, when its all over, I have no idea but I'm confident it will be nothing like the world to which we've become accustomed."
And what is the most common response from the sheeple to this?
(as Richard Dawson dings on #1) the survey says...
"And this relates to the last episode of American Idol how??"
Interesting that S. Korea can be calling out N. Korea on the torpedoing of their ship with N. Korea defiantly saying "bring it on" and it is a very secondary news topic of the day. Yikes. Bad day.
Love Mandy's black thigh highs. Love em love em love em
From deal breaker :-)
Q-Do you pick out your own clothes to wear on-air or is there a CNBC wardrobe department?
Mandy-I pick out my own clothes. I don’t know if management always approves of them!
http://dealbreaker.com/2010/05/mandy-drury-is-absolutely-going-to-consid...
Also MCC(s) again putting the effort in.
She looks well in that tight sweater. Their Agents are working overtime for the Key demo's.
Well, if true and at some time probably inevitable within this year, the myth of Japan will finally be busted.
Along with the myth of the Japanese housewife and it's general immunity to the longest failed experiment in Keynsianism, along also with the myth of the polite Japanese.
Japan's aggressive tendencies were thinly but firmly veiled under their seemingly infinite money pot.
Definitely ratchet up the game one whole level.
Damn carry trade ruined the world in the meantime. The single cause, along with the Brazilian real in the past decade.
Yoicks and tally ho and polish the big guns!
Frickn JPY bobbing just underneath 90. Jerks - I was hoping for this a little sooner but I will still take it... waiting for BOJ to enter in 3... 2... 1...
Japanese downgrade? How about lower yields, or negative implied yields causing a negative libor for Yen overseas.
http://www.bloomberg.com/markets/rates/japan.html
EURUSD buying support is still evident.
Updates:
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
'should stop the JPY appreciation dead in its tracks, and refocus the debt vigilantes on that final bastion of Keynesiansm, the United States.'
Damn that sounds dramatic. Bond vigilantes arriving in their inflatables, taking up positions in the outlying marshes, ready to let fly their silver bullets. Like the hoary headed visigoths pushing over the teetering roman empire. Bernake hanging out a window in his toga screaming about needing to keep interest rates low for at least two more quarters..
ah yes......ww3 will be here in 201X. probably in the 1st half.
get ready, it will be a doozy.
remember, if you see a flash, hide and cover under your desks.
the flash is the guy next to you blowing his brains out, keep a gun in your desk so he doesn't take you with him....
Where is Leo? He has suddenly gotten scarce. I wanna hear from Leo so I can be assured that everything is A-okay. Just a minor correction is all like they're saying on CNBS. By the way, they all look like they're eating lemons today.
What currency pair is the best short term play? USD/JPY?
For several days I have been warning of EURUSD buying support as detected by my indicators, and this has been confirmed by the recent break out.
The proprietary indicators I use can identify trend changes before they occur.
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1