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Japanese Investors Lose Faith In Draghi - Dump The Most Foreign Bonds In History
Did the narrative just change? With the world's investors having entirely lost faith in China's ability to control its markets, it appears the omnipotence of global central banks is under scrutiny. First the so-called "contained" risks from Greek contagion are non-existent as despite the best efforts of The SNB (and ECB), European stocks and peripheral bonds have tumbled; and now Japanese investors have dumped over JPY 4 trillion foreign bonds in June - the most ever.
One can't help but wonder why, if Draghi's QE was successful, why are foreigners not piling into risk assets en masse... but instead selling the most ever as apparently Greece matters after all.
Charts: Bloomberg
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You ain't seen nothin' yet.
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China meltdown + Japan upcoming debt/financial shock will be catalyst for next global meltdown, spreading contagion far & wide.
Greece is but a footnote.
This is a beautiful thing watching the willfully ignorant wake up via a collapsing ponzi that acts as a steel toed boot to the face
The march on the Hàmptons will be spectacular.
Do you have that inflamed feeling, itching and burning? Blame IT ON RASH.ASIA... When the cracking starts don't get caught without the salve of salvation, the Gold/Silver Defender.
In which case I hope that you and your movie character friends will lead that March & Parch, Malcolm.
In Honest Abe We Trust. Or hara-kiri.
Dishonest Abe
Go to Greece.
@ Little Doll. Sorry, your scam has been documented:
http://www.bbb.org/utah/business-reviews/work-at-home-companies/home-inc...
I know a girl that makes a 1000-1500 a day part time and I'll tell you how she does it for free. Yea, and it changed her life too. Go to www.buttsects.com for your std-safe starter kit.
Feckin dumb-ass.
So, is she paid in "buttcoin"?
The Lehman Effect coming into play now. Draghi is trying to oust the Greek government, to put an unelected technocrat in charge. With Japan's decision to dump its European investments, now Draghi and his Mob crime bosses have to worry about the collapse of the entire corrupt edifice built up by Goldman Sachs, Soros, the Rothschilds and all the other New World Order felons who created the Euro. Unless a deal is made to kick the Greek debt down the road, the EU and the ECB and all those high paying jobs they finance will shortly be a thing of the past, as Western Europe financially implodes.
democracy, the last fading hope whilst fascism takes hold...
Whatever it takes, motherfuckers... except Greece, and the rest of the PIIGS. But other than those guys, WHATEVER IT FUCKING TAKES!
no matter what it is
jews will buy it at the lowest price
Oh, and that chart doesn't seem so scary for some reason with the big red marks not being much under 2008 2009 but a whole bunch being right under where we launched into 45 degree positive slope land for US equities in 2013.
JPY 4 trillion...
what is that like three fiddy american?
More like four bowls of rice and a Sushi platter in the middle.
OK.. maybe a bottle of Saki too, if you want to be generous.
lol "Tall Hat no cattle", japanese buy UST hand over fist every month. Look at the TIC purchasing index for Japan.
The Japanese postal and pension funds love UST after Abe and Kuroda lifted the JGB limits. [ also the Jap lifeInsurance Cos. love UST]
Why do you think the $usd goes bid every night . It's not the Chinese.
Yen - Its because of the Chinese. Nippon knows that only the US stands between the renaming of Japan to the New Spratley islands.
You are wise, Mr. Clowns on Acid. ;)
In the US we call Chinese shadow banking ( knitting Grand~Mother} leveraged trading pools, {3x Inverse ETF's}
China concerned at Japan holding weapons-grade plutonium - Mon Feb 17, 2014
Japan will give up weapons-grade plutonium to U.S. - March 24, 2014
Read between the lines. They gave this up ... to get something else ... and they wanted China to know about it. Sort of like those living anthrax spores that got accidentally sent all around the Pacific by a US weapon research lab. It's all for putting China on notice to not get funny ideas.
+1 Element, to come back to the article: what kind of bonds are the Japanese selling?
this Tyler makes it a matter of "Japanese Investors Lose Faith In Draghi...". cute, fine
but I can't forget that Japan holds roughly the same amount of USTs as China. from their perspective, those are foreign bonds, too
Perhaps Michael Pettis will do an article on this topic again soon to review and reconstruct the accreted confusion between all these flows. I've been waiting to see what he's got to say about the current situation, but maybe it's not wise for him to comment right now.
We are fucked- get the lifeboats!
watch out for technical bounces.
Could get a free fall ala Japan/40,000 though.
"Straight down."
Is that good for the yuan?
Sure was good for the Yen and "Samurai Bonds"...
Dominos always seem to start in Asia.
Don't you want me baby?
No!
This is why I don't worry about a Naval War with China....Going to be plenty of Kamikaze Recruits that have flown playstations all their lives ready to volunteer for a hot meal and a one-way trip into the side of Aircraft Carrier....
Effective air defense radii have expanded a little since WWII. Consider this, the US can blow up any given rock on the moon's surface today ... if there were some reason to be bombarding the moon ... I'm sure Krugman will think of one.
but...but....."For the Emperor!"...
A Chinese Emperor? Sure! Strap yer Shenyang J-11 to yer butt and give it a go.
How does one say, "Tora Tora Tora!" in Chinese, anyway?
This is kind of like standing on the beach in Aceh Province, when that tsunami is coming in. Some people got it, others were bent down picking up shells on the beach. And so goes life...
Good analogy
trillion smillion. Ole Honest Abe buys 1.4 trillion of his own bonds each and every month to cover up the disease, cause no one else wants em at 43 Centavos and sometimes go bidless. Would be a hard sell to me at 20 Dinero with 250+ debt/GDP. And this my friends is allowed to continue and can only be described as "modern finance". lol
For whom the bell tolls.......bong.............Bong............BONG.................BONG......
"cause no one else wants em at 43 Centavos and sometimes go bidless"
Well, at times they do seem to be pretty popular in Belgium.
Japan is just greecing the skids.,....
What are they putting that money into?
I have a 6-pack of Kirin in the fridge. Come over!
And the yen is considered a safe haven currency??? WTF!!!
who says in that article, that they keep the cash under the pillow?
"Unglued"!
Yeah but Japan should not be focused on alone. Is not the entire world's financial banking system just engaged in a large performance of Kubuki Theatre. From my perspective there isn't much difference in big bankers and male prostitutes/actors.
For those who need to read up on Kubuki and the Japanese tradition. Damn bankers!!
The bonds ain't shit. The bonds are priced in yen and the yen and shit.
Mr. and Mrs. Gox along with their drunken tech guy just sent me a post:
Since April 22, 2015, we have been making available an online bankruptcy claim filing system (hereinafter referred to as the “System”) that enables users of MTGOX Co., Ltd.’s Bitcoin exchange (hereinafter MTGOX Co., Ltd. will be referred to as “MTGOX” and the said users will be referred to as “Users”) to make online filings of their bankruptcy claims, etc. at our website (https://claims.mtgox.com) in relation to MTGOX’s bankruptcy proceedings (case number 2014 (fu) no. 3830 at the Tokyo District Court; hereinafter referred to as the “Bankruptcy Proceedings”).
Currently, the bankruptcy trustee is accepting bankruptcy claims filed by Users using the System (the “Online Method”). The period for filing bankruptcy claims was until May 29, 2015, but the bankruptcy trustee has been accepting filings of bankruptcy claims after the expiry of the said period.
The bankruptcy trustee decided that the deadline for filing bankruptcy claims using the Online Method will be 12 noon on July 29, 2015 (Japan time).
Therefore, after 12 noon on July 29, 2015, the only things that a User will be able to do using the Online Method will be to (i) view bankruptcy claims that he or she has filed himself or herself and (ii) transfer his or her bankruptcy claims to another person. Further details regarding transfers of claims which are mentioned in sub-paragraph (ii) will be announced through the MTGOX website (http://www.mtgox.com/) at a later time. However, nearer the time of distribution, the bankruptcy trustee is planning to give Users an opportunity to use the System again to make changes to the details of their bankruptcy claims other than increasing the amount of the bankruptcy claims that Users have filed (for example, changes in their addresses or company names) (Users will not be able to file new bankruptcy claims or to increase the amount of the bankruptcy claims that they have filed).
General instructions and FAQs regarding filling of bankruptcy claims and details of how to file a bankruptcy claim if you are unable to use the System, etc. are available in the news release section of the MTGOX website (http://www.mtgox.com/). Please read these news releases as well.
BitDust RIP (you shouldn't have paid the drunken tech guys as much as you did) End of story.
mtgox isn't and was not bitcoin. just a fractional reserve bitcoin bank.
I hope they buy gold with the proceeds. Imagine that.
I vote that we lobby to have this used during the stock market's opening ceremony this morning.
https://www.youtube.com/watch?v=TStMsQhwceI
Yet, the market is "up" 100 points.
No manipulation here... nothing to see...
W.T.F.
https://goo.gl/AgTCFE - Bernie Sanders isn't going to save America, for that matter, neither is Rand, but I'd take Rand's medicine over Bernie's