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Old 08-03-2013, 02:35 PM   #1
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Kyle Bass on the end of Japan...

The end of Japan:

...things can change pretty drammatically fast... Japan seems to be the next domino piece to fall.

Greece, Cyprus... Japan. I guess Europe will take more time.
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Old 08-03-2013, 04:20 PM   #2
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Japan has citizens who hold her debt, as opposed to the USA which pawns it off to China. I think Japan can hang on a lot longer than folks suspect.
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Old 08-03-2013, 05:21 PM   #3
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Actually, most Japanese debt is held by institutions (ask Kyle - just not on this interview). But in turn, they (mostly) hold it for citizens - who are cashing out, demographics is a bitch...but the individual holdings in Japan are only a few % of the outstanding.

FWIW, here's the rest of the full 20 min interview above:
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Old 08-04-2013, 09:47 AM   #4
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Japan's largest trading partner is China and its second largest trading partner is the United States. Seems like there would be a lot of money riding on not seeing Japan crash. Going to be interesting to see if they can keep it from happening...
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Old 08-05-2013, 03:37 AM   #5
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Originally Posted by ancona View Post:
Japan has citizens who hold her debt, as opposed to the USA which pawns it off to China. I think Japan can hang on a lot longer than folks suspect.
Yes and the Japanese support their country, they love their country more than westerners... they are also well-known for holding tremendous savings. So Japan can easier "save itself", while the USA and the EU are in deep
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