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Japan Has Officially Gone Insane

Tyler Durden's picture




 

On one hand:

  • BOJ OFFERS TO BUY 300B YEN DEBT WITH MORE THAN 10YR MATURITY
  • BOJ OFFERS TO BUY 600B YEN IN 5-10YR GOVT DEBT

and on the other

  • ABE SAYS BOJ ISN’T DIRECTLY BUYING GOVERNMENT DEBT

We give up: raging schizophrenia and a sado-maso fetish is now a core prerequisite for anyone who wishes to follow the daily lies these central planning sociopaths spew with impunity.

 

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Thu, 05/23/2013 - 22:12 | 3594458 Cdad
Cdad's picture

Desperation phase...

Ben Bernanke threatening to pull the QE plug, Kyle Bass splainin' it to them again, out of control volatility in rates, bubble stock market...and Abe/Kuroda still don't know that THEY are causing it.

And in the meantime, all across the globe, there is nary an actual market to participate in.

We have arrived...

 

Thu, 05/23/2013 - 22:34 | 3594554 SGS
SGS's picture

I have officially changed the copywrite on the "Ben Bernank" to "Toner Ben" spread the word bitches, SGS is back

Thu, 05/23/2013 - 22:40 | 3594582 Dead Canary
Dead Canary's picture

Nemesis of printer cartridge conservation.

There

Thu, 05/23/2013 - 22:51 | 3594621 Pool Shark
Pool Shark's picture

 

 

Translation: "We had to destroy the Yen to save the Yen."

 

 

Thu, 05/23/2013 - 23:16 | 3594687 Manthong
Manthong's picture

http://www.youtube.com/watch?v=XR8LFNUr3vw

listen closely to the lyrics.. so freaking appropriate

Fri, 05/24/2013 - 00:11 | 3594829 macholatte
macholatte's picture

 

the daily lies these central planning sociopaths spew with impunity

 

the New Normal

Fri, 05/24/2013 - 00:39 | 3594897 Anusocracy
Anusocracy's picture

The most horrific thing in the entire existence of the universe is that Grace Slick has gotten old.

Fri, 05/24/2013 - 00:42 | 3594905 Overfed
Overfed's picture

No kiddin'. She was so hot, and had an amazing voice.

Fri, 05/24/2013 - 04:48 | 3595167 Manthong
Manthong's picture

voice and visage ..  the past is reality and levers the present and future

the present is not necessarily pretty, no one knows the future, but the past and legacy is what it is

she made her mark in a big way.. more than most of us can claim..

except, of course for some diabolical clowns in finance.

Fri, 05/24/2013 - 08:24 | 3595373 Balanced Integer
Balanced Integer's picture

I don't understand why someone would down-vote this. Whatever, though. I'll just up-vote it an restore a little karmic balance.

Thu, 05/23/2013 - 23:20 | 3594708 tickhound
tickhound's picture

 

 

Translation:  "Systemic risk."

Translation:  "We needed to do this to protect the system."

Translation:  "It would have been much worse."

Translation:  "It would have been much better, for you."

Fri, 05/24/2013 - 00:48 | 3594831 macholatte
macholatte's picture

 

 

and in about 6 months.....

.... Nobody could have predicted this.

Thu, 05/23/2013 - 23:26 | 3594727 BigInJapan
BigInJapan's picture

My take on it all is "We have to destroy the Yen to make way for the Asian Monetary Union" - which will come after the war, China will not be welcome, and all that gold we've been selling to them will be erm, liberated.

Thu, 05/23/2013 - 23:33 | 3594754 kchrisc
kchrisc's picture

Shouldn't that be "we had to save the Japanese banksters by destroying the Japanese people."

Fri, 05/24/2013 - 00:04 | 3594818 1C3-N1N3
1C3-N1N3's picture

Nikkei just briefly went red. I thought they were up 300 points less than an hour ago. The wild swings continue.

Fri, 05/24/2013 - 09:56 | 3595217 fuckitall
fuckitall's picture

Thankfully someone besides me recognizes "looting spree" when they see it. 

Japan is being looted for banksters (and govt).  America is being looted for banksters (and govt). Europe is being looted for banksters (and govt).

The end result in all three cases, currency collapse (from unprecedented printing to buy unprecedented debt). But they'll collapse together, carefully managed so one currency doesn't fall faster than others. Race to the bottom, but carefully managed so all three hit bottom togehter.

If you're on fixed income you're heading for poverty as all three currencies lose value rapidly now. 

And yes a job is fixed income.  Good luck getting any raises in these collapsing economies.  Unless you're a CEO of course.

 

Fri, 05/24/2013 - 01:42 | 3595035 FreedomGuy
FreedomGuy's picture

I think they are trying to save the country via monetary policy...at least for awhile longer.

Thu, 05/23/2013 - 23:02 | 3594657 Anusocracy
Anusocracy's picture

Urogenital Ben

Fri, 05/24/2013 - 07:18 | 3595269 thisandthat
thisandthat's picture

I think he'll rather go by BernanQE, Bennie BernanQE - or Mr. Q(E), for short.

Thu, 05/23/2013 - 22:37 | 3594572 ApollyonDestroy
ApollyonDestroy's picture

You know if you just continually say the collapse is imminent..someday you might be right! Batting 1 for 1000?

Thu, 05/23/2013 - 22:49 | 3594616 nonclaim
nonclaim's picture

And what exactly is your view on this?

Thu, 05/23/2013 - 23:15 | 3594696 JPM Hater001
JPM Hater001's picture

Um, I just decided to let the milk run spit out.  Everywhere.

Thu, 05/23/2013 - 23:22 | 3594718 Political_Savage
Political_Savage's picture

Simple point - he's right.
Calling the down-side collapse is easy... Just keep yelling.
Doesn't make you smart or right.
Eventually everything does come to an end... That's called life

Jack-off, who thinks he's enlightened and informed

Thu, 05/23/2013 - 23:33 | 3594753 ApollyonDestroy
ApollyonDestroy's picture

*sigh* I do believe the collapse is imminent

Thu, 05/23/2013 - 22:22 | 3594522 King_of_simpletons
King_of_simpletons's picture

A mirror to our future is Japan.

Thu, 05/23/2013 - 22:36 | 3594563 TheFourthStooge-ing
TheFourthStooge-ing's picture

"At this time I have decided not to speak," says Abe.

Fri, 05/24/2013 - 08:59 | 3595488 knukles
knukles's picture

"And to clarify why I'm not going to speak, let me make a few points.  Now first..."

Thu, 05/23/2013 - 22:46 | 3594607 Anusocracy
Anusocracy's picture

Japan's future is a geta stomping on a human face forever.

Fri, 05/24/2013 - 08:22 | 3595369 StychoKiller
StychoKiller's picture

Well then, make a pair...

Thu, 05/23/2013 - 22:32 | 3594550 disabledvet
disabledvet's picture

JAPAN has arrived. http://en.wikipedia.org/wiki/Between_Scylla_and_Charybdis and of course this was the answer to "the answerable": http://en.wikipedia.org/wiki/Rubicon but this latter option is not available to Japan. It sure is to the USA though...

Thu, 05/23/2013 - 22:45 | 3594569 Bay of Pigs
Bay of Pigs's picture

Yeah Cdad, I've followed Dan Norcini for a long time and he is not a pumper. He is trader trying to make a living in these markets. Today he said,

"Look at the volume surge when Bernanke opened his testimony and was QE bullish.  Then, look at the complete reversal lower and the surge in volume as all of those who just bought the market on his early comments were forced to rush back out having been handed an enormous loss. As a trader I have to deal with what is, not what I wish were, but even saying that, this sort of perverse volatility is further evidence in my own mind that the Fed has destroyed the integrity of the US financial markets.  They are now a mere playground with no useful or legitimate commercial purpose at this point." 

Japan is screwed, but the Bernank is the cause of much of this financial destruction whenever he opens his mouth. 

 

 

Thu, 05/23/2013 - 22:46 | 3594606 Cdad
Cdad's picture

There is no longer any price discovery in the market.  It is no longer even remotely associated with the economy.  Fundamental analysis of stocks, when done well, is bound to hurt you on any position you take...as much as help you.  Plug in thousands of computers firing off brave new HFT trading strategies, introduce the randomness of Fed commentary, and what you have is...a pachinko machine.

Ben Bernake's perversion of the US bond market is even worse.

Thank you, Ben, for this wasteland you have made for us. 

Thu, 05/23/2013 - 23:11 | 3594683 MajorWoody
MajorWoody's picture

It's all Obama's fault, waaaaahhhh!!!! Dang commies are everywhere.  

All the big market crashes happen under the elephants.

Fri, 05/24/2013 - 00:05 | 3594820 francis_sawyer
francis_sawyer's picture

"Now you listen to me, trooper boy! We got a swamp full of Black Russians drivin' boats to beat the band down here..."

~~~

~Sheriff JW Pepper

Fri, 05/24/2013 - 09:55 | 3595669 Almost Solvent
Almost Solvent's picture

What are you? Some kinda doomsday machine boy?

Well WE got a cage strong enough to hold an animal like you here!

Thu, 05/23/2013 - 23:34 | 3594759 John Law Lives
John Law Lives's picture

TPTB don't seem to mind so long as the stock markets move higher and higher.

FUBAR.

Thu, 05/23/2013 - 22:41 | 3594588 RafterManFMJ
RafterManFMJ's picture

Please not to worry. All is well.

Thu, 05/23/2013 - 22:09 | 3594468 LetThemEatRand
LetThemEatRand's picture

Me:  I am not crazy.

Me:  Yes you are.

Me:  Go fuck yourself.

Me:  No, go fuck YOURself.

 

Thu, 05/23/2013 - 22:10 | 3594474 Terminus C
Terminus C's picture

Then the double fisting happens...

We are in the double fisting phase of this insanity.

Thu, 05/23/2013 - 22:17 | 3594502 LetThemEatRand
LetThemEatRand's picture

Never go full double fisting.  Or as Mick Jagger may say, "I know, I'm only elbow deep but I like it, like it, yes I do."

Thu, 05/23/2013 - 22:26 | 3594517 knukles
knukles's picture

I have to tell you all... in all seriousness.
I am damned glad that I got clean and sober many years ago, because trying to deal with this shit right now would really have given me the perfect excuse to drink and drug to escape the crazies.
This is insane.
Not only the doing, which history demonstrates manifold that it's gonna end serious bad... serious bad...
But the dissembling, media manipulation, perceptions management and propaganda efforts!
It is Insane!

No wonder people talk about the End of Days, planet Nibrus, the Apocalypse and UFOs and the like, For Fucks Sakes!  They're being driven to that shit to in some way, to cope with the madness!
No wonder people want to just immerse them selves in Dancing with the Shit, overeating and the like.

They just want to escape!
Hell, we all come here to the Hedge to do the very same thing, in part, to keep our sanity!

Thu, 05/23/2013 - 22:31 | 3594545 RockyRacoon
RockyRacoon's picture

Remember "blackout dialing"?  Calling people on the phone while drunk?  They had to tell you the next day what you had to say.   I think there will be more "drunk commenting" here at The Hedge in days to come.  I've seen evidence of it in a few posts I think.   It's understandable.  These days, like you, I'm glad I can not only remember where my car is, I can comment and don't have to research my own posts to read what I said the day before!

Thu, 05/23/2013 - 22:37 | 3594571 Hulk
Hulk's picture

I call it PUI, posting under the influence...

Thu, 05/23/2013 - 22:43 | 3594600 Dead Canary
Dead Canary's picture

My God! Are we ALL ex drunkalcoholics here!

Canary. 5yrs

Thu, 05/23/2013 - 22:47 | 3594611 LostPolarBear
LostPolarBear's picture

ex?

 

 

Thu, 05/23/2013 - 22:56 | 3594636 Pool Shark
Pool Shark's picture

 

 

Nope. I'm aspiring to become one...

 

 

Fri, 05/24/2013 - 00:10 | 3594827 francis_sawyer
francis_sawyer's picture

"Hell, we all come here to the Hedge to do the very same thing, in part, to keep our sanity!"

~~~

Yeah ~ Now that the 'CheesePopes' have found a way to stifle free speech, [globally], by waving some papers around from a little shithole in Switzerland, I feel much more... Ummm. SANE!...


Fri, 05/24/2013 - 06:30 | 3595218 Harbanger
Harbanger's picture

Can you explain cheesepopes?  I'm a little slow sometimes.

Fri, 05/24/2013 - 08:32 | 3595383 CH1
CH1's picture

Sawyer is angry because the Tylers will no longer let him spew his racial shit. Cheese seems to be a code word for the Swiss, whom he imagines forced the racism ban.

Fri, 05/24/2013 - 14:39 | 3596565 Harbanger
Harbanger's picture

I see.  Thanks, I would have never figured it out.

Fri, 05/24/2013 - 00:44 | 3594906 Colonel Klink
Colonel Klink's picture

Exactly!  Just remember rehab is for quitters.

I'm not an alcoholic, I'm a drunk.  Alcoholics attend meetings.

Fri, 05/24/2013 - 00:51 | 3594927 Overfed
Overfed's picture

No kiddin'. My alcohol consumption has increased exponentially since I discovered ZH.

The world is is fucked, and we're stuck on it.

Fri, 05/24/2013 - 07:01 | 3595221 Harbanger
Harbanger's picture

I basically only drink heavily when my hippie parents try to give me advice.  They were too busy to raise me (grandparents did) yet they think they have something teach me.  As far as the world goes, I'm prepped, smart and ready to kick ass into the future.

Fri, 05/24/2013 - 07:16 | 3595263 i-dog
i-dog's picture

 

"The world is is fucked, and we're stuck on it."

... so, you think wasting your money on alcohol will fix it? ... or ... anything? 

The KKK have certainly got you where they want you. Sheesh....

Dog help your family...if they haven't already fled!

Thu, 05/23/2013 - 22:51 | 3594622 knukles
knukles's picture

Congratulations... we are many more than you might guess :)

Fri, 05/24/2013 - 06:13 | 3595206 Winston Churchill
Winston Churchill's picture

Looks that way. 7 years.

Fri, 05/24/2013 - 06:17 | 3595208 lakecity55
lakecity55's picture

13 here.

Thu, 05/23/2013 - 22:48 | 3594613 knukles
knukles's picture

Yes Rocky, I do remember that nightmare.... not well, nor fondly, but with a sense of trepidation of the damage wrought.  The lack of clarity, the ego centric ministrations and utter hopelessness of finding I was not in control.... The "You'd drink too if you had my ....."

Indeed, what you see happening, I do also, and not only here.  There is becoming an effort amongst many to really wish they were fully again immersed in the blue pill environment... finding escape anywhere they can.  It is difficult at times, to be aware.
And some of us do indeed find solace in this fellowship, so to speak, in spite of the damaged, the pretenders and the trolls.

And amazingly, it is indeed gratifying to be able to reference old comments here, writings elsewhere, shares and discussions and never ever again have to worry about what I'd said in the old manner, for today is founded upon principles, not personality.  Indeed, even amends are few and far between, but engaged in joyfully for their redemption and surrender.

We are blessed.
I cannot imagine dealing with this in the old manner.

K

Thu, 05/23/2013 - 22:54 | 3594633 LetThemEatRand
LetThemEatRand's picture

Awesome, man.  Hats off.

Fri, 05/24/2013 - 00:19 | 3594838 francis_sawyer
francis_sawyer's picture

Don't get too dewey eyed... You used to be able to say what you wanted on FIGHT CLUB...

~~~

Now you have this:

http://www.zerohedge.com/help/report-offensive-comments

and this:

http://www.zerohedge.com/help/notice-racism

~~~

As if ~ you know ~ Questioning "Who prints the money", [assuming it doesn't just print itself from within the confines of a limestone edifice], is 'racially discriminatory'...

"Oh for fuck's sake" ~ Inn't that how it goes these days?"

Fri, 05/24/2013 - 06:28 | 3595214 awakening
awakening's picture

The tipping point where ZH is no longer "zero" hedge, for they have hedged comments on those two matters and thus conformed to the existing paradigm of "political correctness".

Like the fictional character of the movie in question, they've shot themselves in the neck and cut themselves short from the humble origins of this site (nevermind my account registration date, I followed the site off and on prior to that).

Thu, 05/23/2013 - 23:11 | 3594681 prains
prains's picture

+^^

Fri, 05/24/2013 - 06:08 | 3595204 Room 101
Room 101's picture

Great post K.  Only thing I'd add is that the red pill is overrated.  Many of us wish we could puke the fucker up.  But you can't.  It's a permanent state of being.   

Thu, 05/23/2013 - 22:52 | 3594625 GMadScientist
GMadScientist's picture

Quitter.

Thu, 05/23/2013 - 23:27 | 3594729 Osmium
Osmium's picture

Sadly I do remember that.  Woke up one morning with a huge dent on the side of my face because I passed out with my head laying on the phone.  Amazing that you can sleep with that "off the hook" sound the phone makes blaring right in your ear.

Ah, the "good old days"

 

Fri, 05/24/2013 - 10:52 | 3595856 HyperinflatmyNutts
HyperinflatmyNutts's picture

i will drink to that! As a matter of fact right now..

Thu, 05/23/2013 - 22:36 | 3594568 sumo
sumo's picture

"No wonder people want to just immerse them selves in Dancing with the Shit, overeating and the like. They just want to escape!"

It's as if people's will to survive has been cut out. Or drugged out. We're about to get hyper-inflation in Darwin Awards.

Thu, 05/23/2013 - 22:50 | 3594617 DeadFred
DeadFred's picture

Knukles (and Tyler) be chill. They aren't talking to you, they're talking to the machines. The machines can't tell truth from lie, they just accept what they read. This fact alone explains most of the BS that roils our blood each day. If the BOJ says they will buy this much the algos will ramp. They don't actually have to buy squat because tomorrow is the infinite future away when you think in nanoseconds.

Thu, 05/23/2013 - 23:02 | 3594659 monopoly
monopoly's picture

Kudos to you knukles. We love having you here. This shit keeps getting deeper and deeper. At some point,, all that will be left is us as "Brothers in Arms".

Thu, 05/23/2013 - 23:27 | 3594733 freewolf7
freewolf7's picture

Thank you to all of you here.
You are my grounding, my information,
and great humor.

Fri, 05/24/2013 - 01:52 | 3595044 Offthebeach
Offthebeach's picture

I just want you, and all of you, to know when I parrot you all out at our show trials, that I only did it for the shower, the offer of the two bottles of vodka and a night with a girl. Nothing personal. Just the coming new normal, gov run market in people's enemies. Quotas. Production. You understand.

Fri, 05/24/2013 - 02:07 | 3595065 DeadFred
DeadFred's picture

When you turn on us we'll all be hoping she's diseased. Nothing personal you understand.

Thu, 05/23/2013 - 23:18 | 3594704 Savyindallas
Savyindallas's picture

Good post  -but don't make fun of conspiracies and UFOs.

Thu, 05/23/2013 - 23:40 | 3594768 Pareto
Pareto's picture

+1 knuckles for dancing with the shit.  exactly what it is.

Thu, 05/23/2013 - 23:45 | 3594777 takeaction
takeaction's picture

Love your post +1111  Thanks!

Thu, 05/23/2013 - 23:48 | 3594784 enloe creek
enloe creek's picture

beat me with a fuck stick til my morale improves seems to be a good attitude for these times

Fri, 05/24/2013 - 06:13 | 3595207 lakecity55
lakecity55's picture

A cold beer was looking good last night. But, I reached into my Toolbox and turned it down. Who knows? If I had drunk it, I would be back in stawks.

Thu, 05/23/2013 - 22:21 | 3594518 Mae Kadoodie
Mae Kadoodie's picture

Baffle em with bullshit.

Thu, 05/23/2013 - 22:10 | 3594470 Terminus C
Terminus C's picture

What could possibly go wrong?

Thu, 05/23/2013 - 22:30 | 3594544 Cdad
Cdad's picture

Well...I do believe the first thing that will go wrong is that the Japanese banks that own these JGBs will be crushed.  After that comes the effect of rising rates on the government debt, which can very quickly get to the point of consuming all of its revenue for interest and debt repayments.

After that, things get really fun...as all the oldstes in Japan suddenly realize that their bonds are getting more and more worthless every day...which will, of course, hurt the domestic economy.  Simultaneous to the plunge in the value of their retirement funds, their currency will be falling, thus reducing the oldsters purchasing power even further...compounding the negative effect on their domestic economy.

At some point in this whole tragic tale, the Japanese people will actually figure out that this Abe fellow has no clue what he is doing, which will quite likely time out well with Japan sinking some nosy Chinese ship in their territorial waters.

And after that...well, we all know the rest of that story.

Thu, 05/23/2013 - 22:46 | 3594603 GMadScientist
GMadScientist's picture

What's Mandarin for 'Enola Gay'?

No need for bombs though, they can just http://www.youtube.com/watch?v=FXWSs2phjWk

Thu, 05/23/2013 - 22:11 | 3594475 Cursive
Cursive's picture

Low birth rates are the death knell of a society.  This documents the Japanese predicament:

http://www.youtube.com/watch?v=IwUIKDTErNo

 

Thu, 05/23/2013 - 22:24 | 3594528 Hulk
Hulk's picture

Well I for one, am willing to sacrifice for Japan,and help them out in this horrible predicament if they will only provide plane tickets, room, board, blow and onna no hito-tachi...

Thu, 05/23/2013 - 23:15 | 3594692 Savyindallas
Savyindallas's picture

maybe just the death knell for the stupid old folks who allowed this to happen. The young folks may just take matters into their own hands. Screw their ignorant parents. They may just cut off their medicare, social security and let them die. Hyperinflation may be the best way to do that  -violent revolution may help also.  

Thu, 05/23/2013 - 23:46 | 3594781 kchrisc
kchrisc's picture

Sorry, but the criminals of government and their bankster masters stealing everything and then some is the death knell of a society.

With Japan it will be most obvious because most of the debt was funded, stolen, from the Japanese people's savings.

Going to be interesting to watch the Japanese people's response when it comes.

Thu, 05/23/2013 - 22:13 | 3594480 max2205
max2205's picture

Aka Italy

Thu, 05/23/2013 - 22:13 | 3594481 Hulk
Hulk's picture

This is going to take a lot of popcorn, but I'm saving the booze for the end...

Thu, 05/23/2013 - 22:25 | 3594532 Jim B
Jim B's picture

The end must be getting closer.....

Thu, 05/23/2013 - 22:14 | 3594482 infiniti
infiniti's picture

Nikkei 20,000!!!!

Thu, 05/23/2013 - 22:37 | 3594570 disabledvet
disabledvet's picture

Nikkei 200,000,000,000,000,00000000000000

Thu, 05/23/2013 - 22:14 | 3594485 bullionbaron
bullionbaron's picture

Reminds me of:

"Vice governor of the People's Bank of China Yi Gang said Wednesday that the country's gold reserves now stand at 1,054 tons, adding that a massive increase is unlikely in the future." http://www.chinadaily.com.cn/bizchina/2013-03/14/content_16307713.htm

Meanwhile...

http://www.zerohedge.com/news/2013-05-08/chinese-gold-imports-soar-monthly-record-insatiable-demand

 

Thu, 05/23/2013 - 22:14 | 3594486 max2205
max2205's picture

Aka Greece

Thu, 05/23/2013 - 22:15 | 3594490 max2205
max2205's picture

Aka Ben

Thu, 05/23/2013 - 22:16 | 3594495 Conman
Conman's picture

Aww, leave poor Abe alone, he has irritable bowels. Can't we go back to making fun of Bitcoin?

Thu, 05/23/2013 - 22:31 | 3594546 Anusocracy
Anusocracy's picture

American Abe was the death knell of the Republic.

Japanese Abe is the death knell of their economy.

Thu, 05/23/2013 - 23:11 | 3594684 Savyindallas
Savyindallas's picture

but didn't Abe free the slaves and destroy the evil white southernors?

Thu, 05/23/2013 - 22:16 | 3594497 johngaltfla
johngaltfla's picture

"ABE" is Japanese for "Bernank"

Thu, 05/23/2013 - 22:47 | 3594609 credittrader
credittrader's picture

ABE stands for Always Be Easing...

Thu, 05/23/2013 - 22:53 | 3594630 GMadScientist
GMadScientist's picture

Abe Buys Everythang.

Fri, 05/24/2013 - 00:17 | 3594837 disabledvet
disabledvet's picture

Charles Evans "escape velocity"="how fast can i run before the SHTF."

Thu, 05/23/2013 - 22:18 | 3594501 Awakened Sheeple
Awakened Sheeple's picture

Keynesian endgame.

Thu, 05/23/2013 - 22:17 | 3594504 Iocosus
Iocosus's picture

Economic kamikaze

Thu, 05/23/2013 - 23:22 | 3594717 chindit13
chindit13's picture

You are more right than you might think.  You know "kaze" is wind, and in that word "kamikaze", the "kami" is divine or godly.  The character for "paper", however, is also pronounced and transliterated as "kami". 

Thus, "kamikaze" could be "paper wind".  And it is.

Thu, 05/23/2013 - 22:18 | 3594506 chump666
chump666's picture
RanSquawk: *Japanese Ministry of Finance offers to buy back CNY 130bln in government bonds

lol

China will load up on more Japan stocks and play Abe.

 

Thu, 05/23/2013 - 22:18 | 3594507 Gift Whores
Gift Whores's picture

You never go full retard.

Thu, 05/23/2013 - 22:21 | 3594519 Manipuflation
Manipuflation's picture

+1 for that GF.  Nice one Tyler.LOL

Thu, 05/23/2013 - 22:19 | 3594511 nmewn
nmewn's picture

So their government officials are just as insane as their central bankers?

Where have I heard this before...

Thu, 05/23/2013 - 22:33 | 3594552 TheFourthStooge-ing
TheFourthStooge-ing's picture

Where haven't you heard it? They're all sick puppies.

Fri, 05/24/2013 - 02:00 | 3595056 Offthebeach
Offthebeach's picture

They are the same.

Gooberment as we know it couldn't exist with out their creation, fiat, fractional reserve banking. And vice versa.

Thu, 05/23/2013 - 22:20 | 3594512 AldoHux_IV
AldoHux_IV's picture

Surprised you lasted this long Tylers-- tolerance is admirable or perverse? ;)

Thu, 05/23/2013 - 22:24 | 3594527 knukles
knukles's picture

I'll take perverse for $100, Alex.

(drooling, accompanied by fast skin flapping sounds)

Thu, 05/23/2013 - 22:20 | 3594515 Non Passaran
Non Passaran's picture

That type of messaging seems to be exactly what investors want.
Nikkei is up like 3.5% or something. Buy buy buy!

Thu, 05/23/2013 - 22:40 | 3594584 Zgangsta
Zgangsta's picture

When you pay for a hooker, you want her to say that she is enjoying herself, even if you don't really care what she enjoys. Same principle applies here.

Thu, 05/23/2013 - 22:22 | 3594523 buzzsaw99
buzzsaw99's picture

So does this mean that japanese gubbermint bonds are still crashing? [/sarc.] [/snark]

Thu, 05/23/2013 - 22:24 | 3594529 ekm
ekm's picture

Not insane at all.

 

It's PROPAGANDA. It worked for 7 decades in russia and 4 decades in eastern europe.

It's been working for 5 decades in cuba.

 

PROPAGANDA

 

 

 

 

Thu, 05/23/2013 - 22:30 | 3594543 jomama
jomama's picture

how long has it been working here in the states?

Thu, 05/23/2013 - 22:36 | 3594562 Zgangsta
Zgangsta's picture

Since 1776.

Thu, 05/23/2013 - 22:40 | 3594585 disabledvet
disabledvet's picture

in the 1800's New York City had over 200 newspapers. hmmm. i wonder why that's no longer the case...and who's responsible. anywho...insofar as Japan is concerned..."it is a very closed society." that's what's called a pre-requisite for...

Thu, 05/23/2013 - 22:36 | 3594566 GMadScientist
GMadScientist's picture

Propaganda with gun-barrels.

Somehow I don't think that little katana will be as impressive, but you never know with the permanently cowed Japanese populace bleeding into their depends.

Thu, 05/23/2013 - 22:58 | 3594648 Anusocracy
Anusocracy's picture

Not insane, just preaching to a retarded choir.

Thu, 05/23/2013 - 22:26 | 3594533 MythicalFish
MythicalFish's picture

More likely that Abe is lying. Agree on the impunity part, that might change though.

Thu, 05/23/2013 - 22:31 | 3594548 StarTedStackin'
StarTedStackin''s picture

The end times are near

Thu, 05/23/2013 - 22:34 | 3594553 nomorebuyins
nomorebuyins's picture

The more unbelievable and insane the lie, the more likely it will be accepted by the sheeple. If they put a positive spin on this bull shit, it will be eaten by the masses. Bullshit is the next bubble, get your bullshit now while it's warm!

Thu, 05/23/2013 - 22:35 | 3594557 Schlomo Bergstein
Schlomo Bergstein's picture

A government buying its own debt is really like a dog eating its own vomit.

Thu, 05/23/2013 - 22:53 | 3594631 knukles
knukles's picture

Proverbs 26:11

Thu, 05/23/2013 - 22:36 | 3594561 ziggy59
ziggy59's picture

Japanese PM Abe says Japanese government finances in very dire condition and will map out fiscal reform roadmap in upcoming policy

Thu, 05/23/2013 - 22:39 | 3594578 Yen Cross
Yen Cross's picture

             600 billion ¥ = 5,836,956,000 $

             300 billion ¥ = 2,918,478,000 $      *For accounting purposes ;-)

Thu, 05/23/2013 - 23:35 | 3594760 chump666
chump666's picture

how'd your AUD trade go?  You called it a few back from memory

Thu, 05/23/2013 - 22:40 | 3594586 adr
adr's picture

So a correction lasts less than one day now, right?

How is that a correction?

I mean on my math test if I put 4+4=6, my teacher would correct the mistake and tell me 4+4=8. That is a correction, what was wrongly valued becomes properly valued and the proper value is supposed to stick.

If I go ahead and write 4+4=6 on my test again the following week, the teacher is probably going to ask what's wrong with me. I don't think an answer of, well Bernanke has been telling me 4+4 can equal six, so I am not wrong will suffice.

The whole stock market correction nonsense drives me crazy. All the talk of a 10% correction is needed to clear out doubt so the market can once again move higher. IF THE 10% GREATER VALUATION WAS NOT CORRECT, HOW CAN IT BE CORRECT A FEW DAYS TO A WEEK LATER WHEN IT HITS THAT VALUE AGAIN?

How do you find fair value if the value constantly changes based on nothing but bullshit rumors and jawboning? The answer is you can't, so the entire thing is bullshit.

All I see is insanity. Netflix insanity, $250 a share again? Nat Gas insanity, $.40 cents up in a week heading into summer, really?

As a logical being it really makes me want to go postal. I'm pretty sure if the stock market existed when the Vulcans found humanity in the Star Trek universe, they would have followed first contact with a bomb big enough to destroy Earth forever.

Thu, 05/23/2013 - 23:13 | 3594690 arnoldsimage
arnoldsimage's picture

my advice to you is to give all financial and geopolitical sites a long rest and take up minecraft. so refreshing.

Thu, 05/23/2013 - 23:19 | 3594710 The Shootist
The Shootist's picture

Just watch out for virtual hyperinflation.

Thu, 05/23/2013 - 23:59 | 3594807 chump666
chump666's picture

There was NO correction, if you are referring to Japan, it was a controlled, very well played attack on Japan's bond and stock markets by China

ref: start of trading 23rd May

  • Foreign Buying Japan Bonds Y 17.7B (prior week was -Y413.5B)
  • Foreign Buying Japan Stocks Y 716.0B (prior week was -Y878.8B)

Evey trader knows that Japan has a stock bubble, but you get a insane BoJ on a print run from hell the Nikkei WILL be bid.  But heres the deal, say Japanese own close to 90% of their own bonds on bank balance sheets, the BoJ buys stocks for the pensions funds of Japan.  How do you wreak that play?  Easy, Japans biggest creditor is China, they own the 9%+ of JGBs, also they can buy up ETFs on the Nikkei.  You dump the bonds first, cause a yield panic.  That happened.  Nikkei still was bid, some early selling, but not much, then you dump a ton of Japan bank stocks.  Viola!  You engineer a crash, it would have torn chunks out of the book value of JGBs on balance sheets, sent sell signals (stocks) through to brokers to cover losses etc etc etc, it was a surgical hit on markets, not a correction.  BoJ then does their predictable thing (print) and we have the ranges as this point in time.

Fri, 05/24/2013 - 02:30 | 3595081 Element
Element's picture

 

 

That's just the fine-art of making something look like nothing, and nothing look like something. Never fear though, the Law of the Conservation of Nothing is never actually breached, nothing does in fact remain nothing, in every instance. And something does in fact remain something, always.

Fri, 05/24/2013 - 03:22 | 3595120 Tenshin Headache
Tenshin Headache's picture

Clearly, you've never heard of something for nothing

Fri, 05/24/2013 - 04:48 | 3595166 Element
Element's picture

There's no such thing as a 'free-lunch'.

Conservation of Nothing is always maintained.

Fri, 05/24/2013 - 02:37 | 3595092 swedish etrade baby
swedish etrade baby's picture

Mr Market suffers from manic depression.

Thu, 05/23/2013 - 22:51 | 3594620 Haole
Haole's picture

"I was a was a kamikaze pilot
They gave me a plane
I couldn't fly it
Taught how to take off
I don't know how to land
They say it doesn't matter and I just cannot understand"

-Hoodoo Gurus

Fri, 05/24/2013 - 00:01 | 3594813 ApollyonDestroy
ApollyonDestroy's picture

They used to shave their foreheads and drink a toast of sake just prior to boarding their fighters. Shave their foreheads, who does that??

Thu, 05/23/2013 - 22:52 | 3594626 Nue
Nue's picture

Since it's too cold to grow Bannana's in Japan I guess this make them a Rice Republic.

Fri, 05/24/2013 - 04:51 | 3595169 Zgangsta
Zgangsta's picture

They grow bananas in the Okinawa islands.

Thu, 05/23/2013 - 22:53 | 3594627 Mr. Lucky
Mr. Lucky's picture

Tennouheika Banzai!

Thu, 05/23/2013 - 22:57 | 3594644 Telemakhos
Telemakhos's picture

Abe says that he's not "directly" buying government debt, and that's true in the techincal sense, as he's buying through intermediaries.  The Fed does the same.  It's a thin, mostly semantic veil that grants a modicum of shame to the monetization of debt.  

A hundred yen to the dollar.  So, Abe says he's buying around nine billion dollars in bonds.  Given the New Normal, this doesn't seem to depart from the norm in major economies: Ben's buying eighty-five billion this month.  Japan's debt is over a quadrillion yen, so a few hundred billion yen here or there is like adding one more french fry to an irradiated Krispy-Kreme Double-Down fatburger.

Thu, 05/23/2013 - 23:13 | 3594691 WTFUD
WTFUD's picture

"Krispy-Kreme Double-Down fatburger" and a diet coke please.

Thu, 05/23/2013 - 23:04 | 3594665 One World Mafia
One World Mafia's picture

Where is MDB_?

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