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Japan is quickly surpassing the bubble economy achieved during the late 1980s. Its equity and bond markets have become more disconnected from reality than ever. The nation now faces a collapse of the yen and all assets denominated in that currency.
This is Japan’s last stand and there is no exit strategy except to default explicitly on its debt
Unfortunately; China, Europe, and the United States will also soon face the consequences that arise when a nation’s insolvent condition is coupled with the complete abrogation of free markets by government intervention
The Japanese economy slipped into recession in the third quarter, a surprisingly poor performance that could delay a planned sales tax hike.
Gross domestic product shrank by an annualized 1.6% in the three months ended September, Japan's Cabinet Office said Monday. The result was much worse than the 2.2% expansion expected by economists.
“red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.