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overtheedge
Member since May 2012
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Japan's Last Stand - Michael Pento - Delta Global Advisors

I think there is more to the story than meets the eye. Consider this:
"In addition to this, Japan's state pension fund (the GPIF), intends to dump massive amounts of Japanese government bonds (JCB's) and to double its investment in domestic and international stocks. "

The pension system is converting assets in JCB to equities.
If the businesses survive, then mayhaps the investment has greater potential to retain some value than what the GPIF considered the JCB will retain.
If you know you are going belly-up, then you shift assets to retain some value.

It is awful easy to assume these death throw type decisions by the PTB are completely reactionary.
What if all the PTB, world-wide, know this game is about over?
Wouldn't you try to maintain an air of calm while you liquidated marginal investments?

Now consider Japan where there is supposedly a reverence for the elderly.
The GPIF could rightfully exclaim, "We did all we could to protect our pensioners."
The elderly usually vote with their wallets.

Commented 3436 days ago

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Beginning of the headline :There is a popular American military term called a "last stand", which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer's Last Stand. General Custer, misreading his enemy's size and ability, fought his final and fatal battle of Little Bighorn; leading to complete annihilation of both himself and his t... Read More

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