For all the problems with the rest of the world, will Japan be the Black Swan event that tips the world into recession again?
John Mauldins' Thoughts From The Frontline article
Getting close to a 20% correction in the Nikkei and interest rates are rising.....Abenomics out of control.
It costs the Japanese government 24% of its revenues just to pay the interest on its debt at current rates. According to my friend Grant Williams (author of Things That Make You Go Hmmm...), if rates rise to just 2.2%, then it will take 80% of revenues to pay the interest.