The Coming Crisis: Abenomics is the only way to stop Japan's debt compound crisis: Ambrose Evans Pritchard

The Coming Crisis Welcome to Humanity's    ...Final Performance...

Abenomics is the only way to stop Japan's debt compound crisis: Ambrose Evans Pritchard Apr 7th 2013, 01:09 The great counter-attack against Abenomics has begun. "What Japan is doing is actually quite dangerous because they're doing it after 25 years of just simply accumulating deficits and not getting the economy going," said George Soros on CNBC. "If what they're doing gets something started, they may not be able to stop it. If the yen starts to fall, which it has done, and people in Japan realise that it's liable to continue and want to put their money abroad, then the fall may become like an avalanche." Kyle Bass from Hayman Capital says "macro tourists" – like me, I suppose – have lost their heads over Japan. The experiment will end in tears and an explosion of debt. "What they're trying to do is materially devalue the currency, in order to become slightly more trade competitive, while attempting to hold their rates marketplace flat. http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023922/abenomics-is-the-only-way-to-stop-japans-debt-compound-crisis/?utm_source=dlvr.it&utm_medium=twitter

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