Japanese economists this week are actually suggesting US Treasuries not be denominated in dollars but in YEN!
The yen carry trade is dead as a sub-1% US Treasury bond sale. The yen is rising in value, Japan's huge exports surplus is dying. These things lead to wars in the past. Only Japan is weak.
The US hangs onto its nuclear arsenal for a reason: it gives us huge veto power over who gets to collect our debts.
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Japanese economists this week are actually suggesting US Treasuries not be denominated in dollars but in YEN!
Nov 19 21:49 pm
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All Comments by Elaine Supkis »7 Key Points About Deflation [View article]
The yen carry trade is dead as a sub-1% US Treasury bond sale. The yen is rising in value, Japan's huge exports surplus is dying. These things lead to wars in the past. Only Japan is weak.
The US hangs onto its nuclear arsenal for a reason: it gives us huge veto power over who gets to collect our debts.