![\"Japanese](\"https:\/\/www.planetsusan.org\/wp-content\/uploads\/2013\/05\/Japanese-yen-pic.jpg\")
<\/a>Japanese Economy! (I can hear your collective groans all the way up here…now ya’ll just cool it and listen)<\/p>\nLast night the Nikkei Dow dropped 1,423 points – a 7.3% drop in one day – the biggest in 13 years. Whoa! Why, you inquire? (you really do want to know – you know you do!)<\/p>\n
Depends on who’s being quoted in the financial papers today. Was it Or was it the publication of the manufacturing index for China indicating a significant slowdown in Chinese manufacturing production? Oh no! Maybe…<\/p>\n Or maybe it was just that the Nikkei Dow – up a whopping 70% in six months – just got a little bit ahead of itself, and when it surpassed the U.S. Dow, that gave investors – mostly foreign hedge funds – a desire to cool it for a bit?<\/p>\n Or maybe it’s a little of all those things – <\/p>\n There was even some discussion about the situation with Japanese banks and a bond rout. If you recall, on January 2nd, in the post titled The Phoenix Rises from the Ashes, I cited AEP and his observation that Japanese banks held a lot of government bond debt that would get to be more expensive to service when the yen was devalued. I believe the last line was something about chickens coming home to roost in the East – well: look out for some Hey, Enough About Baseball – Let’s get back to something really important: the Japanese Economy! (I can hear your collective groans all the way up here…now ya’ll just cool it and listen) Last night the Nikkei Dow dropped 1,423 points … Continue reading <\/a>Helicopter Ben’s comments yesterday before Congress saying QE-infinity isn’t infinite, and in fact the Fed will begin to ‘taper’ (his word) in the 4th quarter? Ouch! Maybe…<\/p>\n<\/a>flying birds on their way to the henhouse.<\/p>\n","protected":false},"excerpt":{"rendered":"