Hey, in Japan their bonds are only like sub 3 percent! Makes you scratch your head, wonder why anyone would buy them. I guess the yen is the reason, as they anticipate it going higher?
And the japanese probably like japanese stocks about as much as a root canal...
And every time they, japs, invest in foreign stocks, the market gains are eaten by the loss of currency values in the country they invest.
See how Japan got screwed from not trading fairly? They wound up with a rising currency. Imagine if your mortgage got more and more expensive? Same for biz loans. This is why I think China is going to get what’s coming.
Well that’s just it. Their banking and markets are nowheres near as “mature” or robust as the West. I read somewhere that the equivalent of a city the size of Chicago, with all the necessary raw materials - concrete, asphalt, steel, lumber, copper, glass, etc, everything - is being built every TWO WEEKS. But I’e also read it’s a boom that is out of control - some of the skyscrapers sit empty, even, things like that. The market boom is even more out of control.
When they have a hiccup, the whole world gets the flu? But getting back to inflation/cost of living - Everyone knows that governments have to inflate the currency, and pay off future obligations with “dollars” that are worth less. But lets hope not worthless! It’s just not possible, not the USA. For a lark, I just watched a YouTube of Nixon on Aug 15th, 1971 - the day he closed the “gold window” to foreign central banks. He mentioned that speculators were attacking the dollar, and this would put an end to that. He also slapped a 10 per cent tariff on imports, mentioning that his concern was with American jobs, etc.