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发帖数: 6858 | 1 Kyle Bass：日本快到山穷水尽的地步了 2013-04-04 16:53:55
Kyle Bass explains the massive significance of what the Japanese are
embarking on, "they are essentially doubling the monetary base by the end of
2014."
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 do 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.
视频: http://bbs.wenxuecity.com/currentevent/544348.html | c******a
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