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Japan is likely to default before Europe does, possibly by 2017, says Takeshi Fujimaki, a former...
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Friday, June 15, 2012, 2:39 AM ETJapan is likely to default before Europe does, possibly by 2017, says Takeshi Fujimaki, a former adviser to George Soros. If Japan defaults, the yen could weaken to 400-500 to the dollar and the yields on benchmark 10-year bonds could surge above 80%. He recommends Japanese investors buy assets denominated in U.S. dollars and other strong, developed-nation currencies.
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This news story has 5 comments:
With so many analysts blabbering nonsense one needs to up the stakes to be noticed.
and of course good news is no news. It MUST be Armageddon, or worse.
The financial media is hurting the economy. A stage for paranoid clowns.
Why not spend more time interviewing people who have done something in their lives, CEOs of CAT, AMZN, AAPL, GOOG, COST, IBM, SBUX, PFE for example.