It is well known that Japan faces a demographic crisis, as it's aging population (more than 1 in 4 over 65 years old) drags on economic potential. But at the other end of the age spectrum, Japan has a bigger problem: as Bloomberg's Emily Greenhouse calls it - a libido crisis. The birthrate is falling fast. By 2060, the population is expected to go down by a third, and, by 2100, if trends continue, by 61%. Simply put, there is not enough procreation. We previously noted the fact that young Japanese has stopped having sex, but the situation has got worse and government and economists are looking for solutions: from imposing "handsome taxes" to make it easier for uglier men to get laid, to changing women's attitudes towards sex as "bothersome." However, we suspect this phrase sums up the 'virtual' problem best, "I want to tell them that human women are also great fun!"
The first public address of Greece's new leaders, Alexis Tsipras has begun. The key highlights of his speech so far:
TSIPRAS SAYS GREEK PEOPLE HAVE WRITTEN HISTORY
TSIPRAS SAYS GREECE IS TURNING PAGE, LEAVING AUSTERITY BEHIND
TSIPRAS SAYS BAILOUT AGREEMENTS HAVE ENDED FOR GREECE
TSIPRAS SAYS TROIKA ERA IS OVER FOR GREECE
Europe will not be pleased.
"...if Greece’s rebellion was to occur in a coherent way,...it would be only a matter of time before it was replicated in other parts of the continent." But don't think 'they' will let it happen peacefully. They'll organize huge social unrest, inject violence, and then try to use it to clamp down on the population and reinforce their grip on power. This won't remain confined to Greece.
Take from the 'redefined rich' and give to the who again?
A Banzai7 salute to the Greeks for signaling the bankster $hitheads of the world (and their Eurocrat enablers) to shove it where the sun don't shine.
"Historic" Blizzard To Slam Northeast On Monday Night: Over A Foot Of Snow Expected In New York CitySubmitted by Tyler Durden on 01/25/2015 14:14 -0500
"CHILLY AND BLUSTERY CONDITIONS EXPECTED THROUGH MONDAY. A MAJOR AND POTENTIALLY HISTORIC WINTER STORM WILL AFFECT THE REGION MONDAY NIGHT INTO TUESDAY NIGHT...TRAVEL MAY BECOME IMPOSSIBLE AND LIFE THREATENING. DRIER WEATHER FOLLOWS WEDNESDAY INTO EARLY THURSDAY...BUT WILL HAVE TO WATCH FOR ANOTHER CHANCE OF SNOW BY THE END OF THE WORK WEEK." - National Weather Service
"...as the Swiss National Bank has shown, risk can come back with a vengeance. The same thing can happen of course, in any other market. If the Federal Reserve wants to pursue an "exit" to its intervention, if it wants to go down this path, well, volatility is going to come back. Everything else equal, it means asset prices have to be priced lower. That is the problem if you base an economic recovery exclusively on asset price inflation. We are going to have our hands full trying to kind of move on from here. In that context, what the Swiss National Bank has done is it is just a canary in the coal mine that there will be more trouble ahead."
Despite all the fear-mongering by Nea Demokratia (ND), Syriza's victory over the incumbent is dramatically larger than expected (exit polls indicate a potential 12 point margin vs 7 point spreads in the run-up). However, as JPMorgan details, the fear-mongery was very evident in bank deposit runs as proxied outflows surge EUR8 billion last week - more than all of December and the rest of January combined...
UPDATE: Greek Government official admits electoral defeat by Syriza
According to the initial exit polls, in first place, with some 35.5%-39.5% of the vote is Syriza, a huge lead over the second placing New Democracy which has 23-27% of the vote - far more than polls had indicated previously 0 and a place which practically assures Tsipras' party an absolute majority.
Even if you think you know how competitive devaluation works, this primer is worth it because parts 2-4 of this series will blow your socks off leaving you wondering, "Damn, why didn't I tink of that?"
This is what Goldman has to say in order to assure that clients flood Goldman's prop pardon flow traders with "Buy USD" orders: orders which Goldman, being on the other side, will be delighted to fill.
More and more currencies are being overridden by the power of the yellow metal...
Non-bombastic, non-insulting simply straight-forward look at next week's key events and data. If you are so inclined...
Will today be the beginning of the end of the Eurozone? The answer, as of this moment, is in the hands of some 9.8 million eligible to vote Greeks whose choice will determine the shape of the Eurozone in the coming days and months.
"My humble thesis tonight is that the entire 20th Century was a giant mistake. And that you can put the blame for this monumental error squarely on Thomas Woodrow Wilson - a megalomaniacal madman who was the very worst President in American history... well, except for the last two."