Mad, Mad World; Japan Prime Minister Unveils "Crisis Beating" Cabinet


By Mish   Follow   Wed, 26 Dec 2012, 1:32pm   335 views   7 comments
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Mad, Mad World; Japan Prime Minister Unveils "Crisis Beating" Cabinet With Pledge to Increase Spending; Yen Sinks to Two-Year Low
http://globaleconomicanalysis.blogspot.com/2012/12/mad-mad-world-japan-prime-minister.html
Mish

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  1. lostand confused


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    1   1:35pm Wed 26 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Maybe they are just fighting the Fed's unending QE. The Yen is close to life time highs-though lower now. The Chinese manipulate their currency and nobody seems to care-so why should the Japanese keep doing nothing. Borrow and spend seems to be the new mantra-countries or for mortgages.

  2. 121212


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    2   1:41pm Wed 26 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    lostand confused says

    The Chinese manipulate their currency and nobody seems to care-so why should the Japanese keep doing nothing. Borrow and spend seems to be the new mantra-countries or for mortgages.

    Not just it's currency, but commodities, businesses bottom lines, stock valuations , on and on it goes.

  3. 121212


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    3   1:42pm Wed 26 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    China dropped $30Billion of government money to take over the solar industry.

    Partly why Solyndra failed.

  4. marcus


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    4   2:07pm Wed 26 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    121212 says

    China dropped $30Billion of government money to take over the solar industry.

    Partly why Solyndra failed.

    That's impossible. Goverment investment in industry never works. Well, you know, with the exception of defense related industries.

  5. 121212


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    5   3:16pm Wed 26 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike  

    It's an untold story.

    While China dumped into Solar, Obama spread the money around into multiple renewable energy sources for local consumption.

    Hence as of 2016 the USA will be a net exporter of gas and oil!

    http://www.wjla.com/articles/2012/12/exxon-north-america-could-be-future-net-energy-exporter--82982.html

    Exxon: North America could be future net energy exporter

  6. 121212


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    6   3:17pm Wed 26 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike  

    http://www.cnbc.com/id/100301519

    North America Can Be Net Energy Exporter by 2025

    "The EIA said last Wednesday that U.S. natural gas production would grow faster than expected through the next two decades, paving the way for the country to be a net gas exporter as early as 2016."

  7. 121212


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    7   3:20pm Wed 26 Dec 2012   Share   Quote   Permalink   Like (1)   Dislike  

    This is how to create safety and security for the USA, without being dependent on ANY middle eastern country!

    Although I am anti-fracking! It's not transparent and not as safe as the energy companies make it out to be. The long term effects of pumping 600 toxins (unknown) + into the earth is troubling.

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