John Rubino – Japan Approaches Its Minsky Moment

from Financial Survival Network

John Rubino and I connected for our Monday morning discussion… Imagine if you threw a bond auction and nobody showed up:

  • The flagship piece of paper in the world’s third largest economy;
  • Nobody wants it—.6 per year interest;
  • Central bank winds up buying it;
  • Some other country has to buy it, is arms length?
  • In a world that isn’t manipulated this would be a screaming short.

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