I went on record a week or so ago warning about trouble in China, so I won’t rehash those risks. Instead, I want to talk about what comes next as Asia struggles along.
Namely, shorting Japanese bonds.
Japan should already be on every investors’ radar. Thanks to “Abenomics,” from Nov. 22 to May 22, Japan’s benchmark Nikkei 225 stock index tacked on about 70% — while the yen slumped about 20% vs. the dollar and about 30% vs. the euro in the same period.
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