Monday, Jan 04, 2010
Telegraph
Telegraph: 2010 Japan to lead world in sovereign bond crisis
Happy new year all. The consensus is way too rosy, and way too like 2006/2007, except now manic and paniced at what was revealed in 2008, and all the more desperate to get back to our rightful business of endless growth. Sadly there are few places, here being no exception, that offer much in the way of reasoned middle ground.
Posted by bellwether @ 03:11 PM (854 views) Add Comment
4 Comments
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1. doom&gloom said...
uber-Doom&Gloom as a 2010 opener from AEP - I like it. Over 100 doom-laden predictions in one article?
However I can't see the list of doom all materialising within the next six months, then ending "By mid to late 2010, [when] we will have lanced the biggest boils of the global system. Only then, amid fear and investor revulsion, will we touch bottom. That will be the buying opportunity of our lives." Bottom-touching will not begin until at least 2012.
My prediction for 2010 is that AEP hate the Euro even more by the end of the year: "the Euro's fate will be decided by strikes, street protest, and car bombs as the primacy of politics returns"
2. Earth said...
This guys optimism is a shining light ;)
3. paul said...
Japan? Massive trade surplus, largest banks in the world, largest financial institutions in the world. Their largest trading partner? China.
Japan is one of the most bankable countries in the world. Can't see it happening myself.
4. stillthinking said...
Usually I like Peston's articles but this one is rubbish. The yen isn't going to collapse this year. Maybe the economy of Japan won't look so tickety-boo but the problem as usual will be keeping the value of the yen down.