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As The Nikkei 225 Spikes To 19 Year Highs; How Do You Say Deja Vu In Japanese?
With real incomes collapsing, approval ratings at record lows, and PMIs back in contraction; is it any surprise that the last thing standing for Shinzo Abe to "show" the world his 'progress' is the stock market... the all-knowing arbiter of monetary and fiscal policy-maker success (and completely divergent indicator of real economic health). To wit, overnight saw Japan's Nikkei 225 surged to its highest since Nov 1996 (up almost 150% since Abenomics devaluation was unleashed). The last time we saw such a surge brings a chill air to the conversation as Japanese stocks pass the halfway-back mark to 1989's epic bubble peak, it is begining to look a lot like peaking once again.
19 Year Highs... The REAL Japanese economy must be awesome right?
Wrong?
And we suspect time is running out...
There is always a limit.
Charts: Bloomberg
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Neo-Keynesian stupidity knows no limits.
Super Happy Fun Terrific Equities Crash!
Humpty Dumpty in 3...2...1
I don't know how to say Deja Vu in Japanese, but I know how to spell it: BoJ.
Super Bubble Fighter 5 - Hyper Abenomics Edition.
+666
Worst analog since Lehman?
its a financial arms race if you aint running your market up then you are falling behind
Central banks are forever blowing bubbles, pretty bubbles in the air,they rise so high they fade and die.
If a central bank does this and they all are it is because debt is not sustainable.
Meh, BTFD. They're going to try and push t to an all time inflation adjusted high, because you know..... the "wealth effect".
???? !
I'm beginning to get this feeling like we've all been here before.
deja vu translates to seppuku in Japanese
"The Japanese stock market is NOT the Japanese Economy". When the end comes for Japan, as it must. It will happen overnight. One day there, the next day their stock market will have blown up.
What makes me laugh is to see all those HF geniuses, who SHORTED Japan and who ZH loved, lost out to the new mantra of CB print to infinity and hope the debt will be inflated in 20 years! (Krugmanomics)
5 Years down the road the stawks have never been higher!
Never has Capitalism known such an about turn!
We all expected for the Casino to be regulated after Lehman disaster. No moar debt. What??? Austerity was for the Greeks not the Geeks of hi-tech! the best and brightest like Elon Musk or olde Warren (give me a train and I'll make it rain) Buffet!
Hahaha ! Uncle Ben got into his helicopter and the world went berserk!
In fact Oligarchy capitalism did a Hernan Cortez!
It burned its boats and said "we will never go back". Its print to infinity; like Cortez, DO OR DIE !
And to make it EASY for the new Conditorri, they invented ZIRP and even NIRP. Throw it out of the window and let them either play in the Casino and rob the Incas (the sheeple) or sow it into hitech and glow/grow the future. We cant lose!
Now the fiat debt, instead of being deleveraged, is FOUR times worse than in 2008 !
Who cares ! In the new normal we are all Conditorris looking for Aztec gold; aka USD fiat explosion to dilute the debt like to a Tom Thumb down the road !
Now can you buy that and sing : The sun will never set on Pax Americana's Empire; from Montezuma's Halls to the shores of Bikini in the Pacific! ???
Hooray!
fujisan tiny dek a pai
learning to say 'your tits are like mt fuji' was the only usefulness of that darn school
Jim Rogers says to buy Japanese stocks and we probably don't have to worry about the real collapse until the mini-ice-age goes into a permanent freeze--2022.
Another central bank plan to solve a bubble with another bubble.
Yen manipuled down to half its value in the time period, voilllla stocks double but no effective gain.
I Ruv You Rong Time!!!
The chart isn't vertical yet.
Same yoy rise in Shanghai, a double whammy awaiting.