Ambrose Evans-Pritchard, the International Business editor of British newspaper the Telegraph, is out with a piece on the impending crisis in Japan that you probably haven't heard about.
Citing several new reports, Evans-Pritchard shows how dangerously close Japan is to total meltdown, complete with debt defaults and hyperinflationary bust. He says the only reason it hasn't already happened is because Japanese investors "have not yet had the leap in imagination required to understand their predicament, and act on it."
Citing several new reports, Evans-Pritchard shows how dangerously close Japan is to total meltdown, complete with debt defaults and hyperinflationary bust. He says the only reason it hasn't already happened is because Japanese investors "have not yet had the leap in imagination required to understand their predicament, and act on it."
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