Sunday, April 24, 2011

Japan GPIF to withdraw $78 bln from assets-Nikkei

And just as I believe the US Treasury bond market is in trouble <click here>, it looks like the implosion of Japanese government bonds (JGB) may win the race into the garbage bin.  I've been predicting the cataclysmic collapse of JGB's for years--and it appears to be coming to fruition, thanks to the natural and man-made disasters accelerating the process.

When an entity is selling "something", it also means it isn't buying that "something" anymore.

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