Japan currently owns the highest share of public debt outstanding.
They will most likely move even higher... and everybody else will follow. There is no other option left. This chart also means there is still a lot of firepower for the Fed to keep treasuries interest rates under control if needed. Source: Michel A.Arouet
China likely to impose the largest fine in history against an accounting firm of at least $138 million against PwC due to their failure to catch the largest financial fraud in history at Evergrande.
Source: Barchart
Apple iPhone shipments in China rebound 52% in April
Source: Bloomberg
waouuu... this could be a major medical breakthrough...
Source: Mario Nawfal
Japan’s population has now been contracting for almost 15 years
At the same time, number of vacant homes there has risen significantly Now reaching the 9 million mark At this rate, Japan’s demography poses long-term sustainability risks for their economy Source: Game of Trades
The lesson from Japan:
If you don't get your debt under control, you have to use your central bank to cap yields to avoid a debt crisis, causing big Yen devaluation. If the Euro zone doesn't find a way to bring high periphery debt levels down, the Euro will follow the same path. Source: Robin Brooks
China’s economic miracle is ending, leaving President Xi Jinping w/a challenge none of his predecessors faced:
How to govern after the boom. In a democracy, the gloomy mood in the country would spell trouble for the leader. Since Ronald Reagan in 1980, US presidential candidates have posed a simple question to voters: Are you better off today than you were four years ago? When the answer is “no,” it’s time for the White House incumbent to pack their bags. Source: Bloomberg Economics
Meanwhile in Taiwan...
Source: War Intel
