- Video: Piers Morgan Says Obama is Borderline Tyrannical: ‘Now I See U.S. Government Tyranny’Posted 1 day ago
- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 12 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 13 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 14 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 14 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 21 days ago
- The Art of Catching Government False Flags in Real TimePosted 22 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 28 days ago
- WIKILEAKS: THE GOVERNMENT IS SPYING ON YOU THROUGH YOUR IPHONEPosted 38 days ago
- Poll: Close to 1 in 3 Americans Believe in World Government and a New World OrderPosted 47 days ago
The Great Japan Trade That Everyone’s Been Waiting For Still Hasn’t Happened
We’ve been writing so much about Japan, and the decline of the yen and so forth that you might be mistaken if you thought that the great “Japan trade” that hedge funds have been waiting around for years to play has become reality.
The answer is: Not really.
As Richard Barley at WSJ’s Heart On The Street notes, the real “widowmaker” is shorting Japanese Government Bonds. That’s the big kahuna trade that folks for years have been expecting will one day create some trader untold fortunes. You know the theory: Japanese government debt is over 200% of GDP, and one way those bonds will explode in the Keynesian endgame.
Sure, some traders have made a lot of money on the decline in the yen, but the Nikkei has been on a tear, and this isn’t actually the hallmark of an economy going into a watershed collapse.
And in the meantime, Japanese bond yields have been pretty flat.
So remember, for all the talk about the big turn in Japan, the core idea that people have had for a long time still hasn’t come to fruition.