This is not good at all ...... The YEN is COLLAPSING. Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies. Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 The Bank of Japan has taught global central banks a huge lesson over the past dozen years: You can get away with endless amounts of money printing, no problem – see how we’re doing it? – essentially buying over half of the national debt with freshly created yen, plus a bunch of other securities, and there won’t be any bad consequences. Now that lesson has turned out to be fake. The yen is collapsing. There’s a price to pay after all: the destruction of the currency: Source Wolfstreet
@WallStreetSilv It's good that we can see this coming. We are next...
@WallStreetSilv Way to prove a point, Japan! 🎉 Monetary policies can backfire, huh? Keep an eye on those yen drops! Thanks for the insight, Wolfstreet.
@WallStreetSilv @Milei_Explains care to elaborate on this from Austrian Economics perspective please, I like how your content bridges common sense to academic citations 👍🙌
@WallStreetSilv Looks like Abe was moving it in the right direction. Whatever happened to him? Oh right - he got the "friends of the Clintons" treatment.
@WallStreetSilv When two bombs become one
@WallStreetSilv @mcm_ct_usa It’s an export economy, so they don’t give a fk. It’s 100% driven by rate differentials, which they could fix if they wanted to since they own all the gov debt. But ofc they don’t want to.
@WallStreetSilv Looks like it would be cheaper to make trips in Japan. 👀😂
@WallStreetSilv The dollar can’t be too far behind. Things in Japan seem cheaper than they should be in USD.
They needed to expand their economy due to stagnation. Instead it led to stagflation. Do the tactics of Abenomics sound familiar? Monetary easing, fiscal expansion and structural reform were dubbed the 3 prongs approach. The bailout of banks and insurance companies? March on America. We are quickly moving up that dreaded top 10 list of highest debt to GDP in the world.