mishedlo, should there be a tax of 3-5% on Yen cash, augmenting the failing effort at Japan inflation via fiat printing, then I suppose we would see drastic crash of Yen against the USD, resulting in top-of-the-line fully-decked out Lexus SUVs selling for USD 25,000 a copy, terminating with death of GM, Ford, and US car parts manufacturers;
Concurrently, with all the money escaping Japan-government grab, US interest rate can drop to nominal zero, ballooning US real estate refi activity once again, necessitating J6P to 'invest' in home improvement by going down to Walmart to buy Chinese made curtains, and Home Depot to acquire Chinese harvested bamboo fences.
And yet, even after all that trouble and excitement, the Yen will be driven up again by an eventually collapsing USD, powered by debtly leverage and housing implosion.
It will be fascinating to watch this already insane world go mad ;0)
Chugs, Jay |
