And so it Begins…


Goldman Warns Of 6.5% Japanese GDP Collapse, Worst Since Lehman

Tyler Durden on 08/02/2014

Back in early 2013 we warned in article after article, that as a result of Abenomics, Japan is facing an economic disaster of epic proportions. …

But then again it was never about the (Japanese) economy: it was all about the BOJ’s monetary stimulus that would allow the US stock market several more months of fungible bliss as Japanese reserves found their way into the US stock market at a time when the epic illiquidity in the US Treasury bond market (as we grew tired of explaining in 2013) …

Goldman … was a fervent supported (sic) of Abenomics, knowing well what the impact of $75 billion in Japanese liquidity would have on the S&P500, and thus Goldman’s bonus pool … And now that Japan has served its purpose … Goldman has finally turned the corner and is now saying what we warned would happen in Japan well over a year ago. …

Considering in Q1, Japan’s GDP grew by a front-loaded 6.7%, the nearly 13% plunge to a -6.5% annualized contraction would be the biggest sequential GDP drop in Japan’s history. As we showed two weeks ago

In short: Japan’s Keynesian lunacy is about to result in the worst economic collapse since the Lehman bankruptcy. …

(Will Japan be the middle or far eastern country that defaults, beginning the cascade of events in David Wilkerson’s prophecy of so many years ago?)

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About icliks

Biding my time in central ms ... yours too, if ur reading this.
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