14/06/2012

With over ¥1.086 Quadrillion in debt, Former Soros Adviser Predicts Japan will Probably Default in 5 years

  by John Galt June 14, 2012 22:30 ET   From Bloomberg tonight: Ex-Soros Adviser Fujimaki Says Japan to Probably Default by 2017   <excerpted>   Investors should buy assets in U.S. dollars and other currencies of strong developed nations because Japan may default within five years, said Takeshi Fujimaki, former adviser to billionaire investor George Soros.   “Japan is likely to default before Europe does, which could be in the next five years,” the president of Fujimaki Japan, an investment advising company in Tokyo, said in an interview yesterday. Japanese…


06.14.12 Ambrose Evans-Pritchard: Dutch disease

  by John Galt June 14, 2012 19:30 ET   Tonight’s commentary and analysis by Mr. Pritchard via the U.K. Telegraph is another home run:   Dutch disease   The terrifying start of the article is enough to make this piece required reading because it compliments my earlier writings about Austria, Switzerland, etc. and the issues hitting those nations along with the idiocy of the EU/ECB policymakers:   As if matters were not bad enough already in Euroland:   Dutch retail sales collapsed by 11pc in April, even worse than the…


This Could be the Go Time Weekend

  by John Galt June 14, 2012 12:00 ET   First and foremost, this is just an advisory of what my personal plan of action will be over the next 120 hours and not a recommendation for anyone to repeat or engage in any of these actions, especially if they can not afford to do so. There is not guarantee that this is the weekend where the events in Europe and the Middle East create the ultimate storm of financial disruption which washes over the American seawall like a Tsunami of…


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