End of an Era in Newport Beach

[elh]

Hey dumb-ass,

 

 

raise rates.

 

 

Hmm.... middle class Japanese vs. ass-kissing politicians, exporting parasites, and global PigMen. Choice is clear.

 

 

 

At 0.5% and inflation closer to 7 - 8%, you can hardly blame Matsui-san for dumping his own garbage currency.

 

_______________

 

http://www.bloomberg.com/apps/news?pid=206...C6JA&refer=home

 

Yen Falls as Japan's Investors Resume Buying of Overseas Assets

 

By Ron Harui

 

March 29 (Bloomberg) -- The yen snapped a two-day advance against the dollar and euro as Japanese investors resumed buying overseas bonds to benefit from their higher yields.

 

The yen fell against the world's 16 most-actively traded currencies as a government report showed domestic investors bought more foreign debt than they sold in the week to March 23, ending seven weeks of net sales. The currency also dropped on speculation newly created funds will start buying more assets overseas when the fiscal year starts on April 1.

 

``The yen will weaken as we go into next week,'' said Richard Grace, senior currency strategist at Commonwealth Bank of Australia in Sydney. ``In the new financial year, global growth will give Japanese investors confidence to put money offshore.''

[elh]

If it's true that the average Nikkei-san is accelerating his purchase of foreign assets, that would probably provide the mass distribution mechanism for global PigMen to unwind their carry trades at low cost.

 

PigMen screw over the average American. check.

 

PigMen screw over the average Japanese. check.

[Guest smsc]

Here's an idea for those with Champagne taste and a soon-to-be beer budget. Sell the Rolex and buy this:

 

Invicta Men's Swiss Quartz Two Tone Black Dial Watch #3784

 

80 (yep, only 80) bucks with the Amazon discount! I just got one.