Lining up the U.S. bust from 2007 with Japan's from 1990 so far shows a remarkable similarity in...


Lining up the U.S. bust from 2007 with Japan's from 1990 so far shows a remarkable similarity in the behavior of long term government debt. If Japan is a good guide, Treasury yields have a lot further down to run.

Comments (1)
  • Emory Richey
    , contributor
    Comments (11) | Send Message
     
    Japan has the biggest foreign reserves of any country in the world. Japan may own itself a lot of money, but the world owes Japan a lot of money. If push came to shove they could call in their reserves and pay their debt. The US is not like that. The US has almost no reserves. This alone makes it unlikely that US yields will follow the same course as the Japanese yields. Some day this bond bubble is going to pop, and that is going to be the REAL financial collapse.
    19 Aug 2011, 12:45 PM Reply Like
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