USA ist nicht Japan

verfasst von Standing Bear, 28.06.2003, 13:36

-->Aus dem DR von neulich:

"...If the inflationists, who now have the leadership of the
Fed, and control of the central banks around the world,
have their way," wrote Faber in yesterday's Daily
Reckoning,"a very dangerous economic policy course will be
followed. This will result eventually in sharply rising
inflation rates and a much lower U.S. exchange rate, and
will bring about a disastrous global recession, which could
threaten the capitalistic system as we know it today."

Bonds probably are at an historic top. And no bonds are at
a more historic top than those of Japan - where the yield
has dropped to 0.57% on 10-year JGBs. This is not only a
high for Japanese bonds...it is the lowest return on
government paper ever recorded.

"The Japanese bond market is the short of the century,"
Faber told Barron's. But unlike Japan, he went on,"the
U.S. does not have a trade and current-account surplus. It
has deficits."

Japan, Faber implied, could stomach a little deflation.
Falling prices do little harm to a nation of savers. But
the U.S. has total credit market debt three times the size
of the economy. It cannot bear falling prices; its voters
and industrialists are too close to insolvency already. It
must 'inflate or die'..."


Und deshalb werden die USA nicht den japanischen Weg gehen.

SB

Thread gesperrt

 

gesamter Thread:

• USA ist nicht Japan - Standing Bear, 28.06.2003, 13:36
  • und die corporate bonds - nasdaq, 28.06.2003, 13:52
    • FED kann Monetarisierung schon mal an Bundestaatsanleihen üben - Kalifornien - kingsolomon, 28.06.2003, 14:22
      • dafür räumt der Terminator dort bald auf:-) - nasdaq, 28.06.2003, 16:37