No Red Futures On Black Friday

A hungover America slowly wakes up from a day of society-mandated consumption and purchasing excess to engage in even more Fed-mandated excess in the equity markets. The only difference is that while the “90%” was engaged in the former and depleting th… [...]

China Declares "Willing To Engage In A Protracted Confrontation" With Japan As "Prime Target"

Following the to-ing and fro-ing of the last 2 days with US and Japan “testing” China’s new Air Defense Zone (ADIZ), China has not only escalated (as we noted earlier) but as the day begins in Asia is stepping up the rhetoric significantly. Official me… [...]

The Failure Of Abenomics In One Chart… When Even The Japanese Press Admits "Easing Is Not Working"

Since late 2012 Zero Hedge has been very critical of Japan’s Abenomics experiment, and its first and only real arrow: a massive increase in the monetary base thanks to the BOJ’s shock and awe QE announced in April, resulting in the collapse of the Yen … [...]

Russian Lawmaker Who Believes The Antichrist Is Coming, Proposes Bill To Ban Dollars In Russia

Attracting some attention in Russian media today is proposed legislation by State Duma lawmaker Mikhail Degtyarev of Vladimir Zhirinovsky’s controversial Liberal Democratic Party and former candidate for mayor of Moscow (where he got 2.86% of the vote)… [...]

Michael Pettis Cautions Abe (And Krugman): "Debt Matters"

"Debt matters… even if it is possible to pretend for many years that it doesn't," is the painful truth that, author of "Avoiding The Fall", Michael Pettis offers for the current state of most western economies. Specifically, P… [...]

We’re In The Most Dangerous Moment Since the Cuban Missile Crisis

Scientists Warn of Extreme Risk We’ve long said that the greatest short-term threat to humanity is from the fuel pools at Fukushima. The Japanese nuclear agency recently green-lighted the removal of the spent fuel rods from Fukushima reactor 4&pr… [...]

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter TEPCO, the utility that serves 29 million households and businesses in the Tokyo metropolitan area, and that owns the Fukushima nuclear power plant where thr… [...]

The End Of Nuclear Energy In Japan?

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter “I’m calling for zero nuclear power,” said Junichiro Koizumi, the hugely popular former prime minister of Japan, on Tuesday at a lecture in… [...]

Japan’s 2014 Debt Interest Costs Rise 14% To Record $257 Billion, Same As Singapore GDP

While the world is gripped in yet another great distraction over the great “will he, won’t he” start World War III debate, things that are unsustainable remain unsustainable. Such as Japan’s debt, and specifically the amount of cash interest that the n… [...]

Only 1.2% Of Friends "Like" Abe’s Latest Social Media Screed

With the Abenomics honeymoon over, and the market starts to turn against your extreme policies, you have to bring out the big guns. Girl bands, Teenagers in short skirts, Sumo champions, and now social media is the platform of choice for Shinzo Abe’s l… [...]