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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (707438)	4/4/2013 6:23:49 PM
From: tejek	Read Replies (1) \| Respond to of 1573074

So will every other libtard who pretends that "deficits don't matter." No one said deficits don't matter. That's one of your infamous straw men. Insanity is trying the same dumb thing over and over again, hoping to get different results. You need to apply some scientific rigor to you assessments because currently they are making no sense.

To: Tenchusatsu who wrote (707438)	4/4/2013 8:44:30 PM
From: SilentZ	Read Replies (1) \| Respond to of 1573074

>So will every other libtard who pretends that "deficits don't matter." It was Dick Cheney that said that. -Z

To: Tenchusatsu who wrote (707438)	4/4/2013 10:02:56 PM
From: bentway	Read Replies (1) \| Respond to of 1573074

<<So will every other libtard who pretends that "deficits don't matter.">> I think only Dick Cheney believes that. You know, the VP for the guy you voted for TWICE?

To: Tenchusatsu who wrote (707438)	4/4/2013 10:05:22 PM
From: FJB	Read Replies (2) \| Respond to of 1573074

Kyle Bass: "Japan Will Implode Under Weight Of Their Debt" Submitted by Tyler Durden on 04/04/2013 18:41 -0400 Central Banks Japan Kyle Bass Kyle Bass Monetary Base Reality Tax Revenue As the fast-money flabber-mouths stare admiringly at the rise in nominal prices of Japanese (and the rest of the world ex-China) stock prices amid soaring sales of wheelbarrows following Kuroda's 'shock-and-awe' last night, it is Kyle Bass who brings these surrealists back to earth with some cold-hard-facting. Out of the gate Bass explains the massive significance of what the Japanese are embarking on, "they are essentially doubling the monetary base by the end of 2104." It is a "Giant Experiment," he warns, but when you are backed into a corner and your debts are north of 20 times your government tax revenue, "you're already insolvent." Simply put, Bass says they have to do something and they have to something big because they are "about to implode under the weight of their debt." For a sense of the scale of the BoJ's 'experimentation', Bass sums it up perfectly (and concerningly), "the BoJ is monetizing at a rate around 75% of the Fed on an economy that is one-third the size of the US!" What they are trying to do is devalue the currency to attempt to become more competitive while holding their rates market flat - the economic zealots running the world's central banks believe they can live in that Nirvana - and Bass believes that is not the case, as they will lose control of rates, since leaving the zone of insolvency is impossible now. His advice, "if you're Japanese, spend! or take it out of your country. If you're not, borrow in JPY and invest in productive assets." Do not be long JPY or Japanese assets as he concludes with the reality of Japan's "hollowed out" manufacturing industry and why USDJPY is less important that KRWJPY.