After just eight months in office, Japan’s prime minister, Yukio Hatoyama, resigned last week. The public reason given was the continued presence of the US military base on Okinawa, but the real reason was the deteriorating financial picture. Nobody knows what to do as Japan threatens to blow up on a scale that would make […]
Category Archives: Sovereign Debt
Sovereign Debt Risk Not News to Kelly Letter Subscribers
We’ve been watching this storm brew for many months, as I’ll share below. I’m currently preparing a look at where the market is now, what opportunities lie in the sell-off, and other such pertinent considerations as the global financial absurdity continues. If you’d like to join us to receive my next note on Sunday morning, […]
Sovereign Crisis
We’ve been watching the sovereign debt risk for many months, so the Greek tragedy is not entirely shocking. What anybody who’s doubted has to admit, though, is that the time to have prepared for trouble was a lot more recent than last year or even the beginning of this year. The correction didn’t happen nearly […]
