It would be comic if the facts behind it weren’t so ugly.
After surging 206% since February!
Hence the bloodletting in what’s considered one of the most conservative investments in the world.
The “death of the dollar” will have to be rescheduled.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
“Worse than the one following the Global Financial Crisis.”
But the Fed is steadfastly blind to bubbles & their consequences.
Erode that confidence, and you have a crisis on your hands.
The two biggest buyers of Japan Inc. are flying blind and don’t care.
“It will not harm the pension beneficiaries”: official