A crucial issue has always been whether foreign investors would stick around—or treat the rally as just another in a series of false dawns for a stock market that is still more than 60 percent off its all-time high from the year 1989. These sporadic peaks have all given way to greater losses, and today, with the yen depreciating, it’s even more tempting for international investors to bank their winnings before they are worth less in the future. Bloomberg News reports that foreigners sold $9.5 billion worth of Japanese shares in a single one-week span in March, the most since the 1987 crash.
Meanwhile, bets that stocks would fall made up as much as 36 percent of the activity on the Tokyo Stock Exchange.
Japan has the worst-performing primary equity index in the developed world this year, while equivalent gauges have gained 1.27 percent in the U.S., 5.28 percent in Canada, and more than 14 percent in the recovering nations of Italy, Greece, and Portugal.
Faltering Japanese stocks threatened Abenomics in June 2013 before resuming an upward trajectory. This more recent correction comes at an arguably more challenging time, coinciding with doubts about whether the propped-up economic activity can survive shocks such as the new sales tax rate, which will rise to 8 percent from 5 percent. The goal is to keep Japanese consumers spending, instead of sitting on their yen as they did in 1997, when a tax increase is credited with ushering in years of economic shrinkage.
2---Emerging Market Nightmare?, House of Debt
3---The Great Housing Hangover, House of Debt
4---Stocks on Speed: Leverage Spikes, As Does Risk Of Crash (Look at that Insane Chart!) , Tesosterone Pit
In February, margin debt jumped by $14.5 billion to a new all-time crazy record of $465.7 billion. In the last seven months, it soared $82.8 billion. It’s now 22% above the prior all-time crazy record of $381.4 billion set in July 2007, during the glorious moments before the whole construct came tumbling down.
5---60 Minutes Sanitizes Its Report on High Frequency Trading , wall street on parade
6---Investment firms curbing their home buying in California, LA Times
Among the 20 firms buying the most California real estate since January 2012, purchases are down more than 70% compared with last year in each of the last four months
7---Buy-To-Rent Is Officially Dead In California, zero hedge
8---Drinking diet soda linked to heart disease, marketwatch
Older women who consume 2 or more diet drinks a day are 50% more likely to die from cardiovascular problems, study finds.
9---The iran nuclear weapons fraud, antiwar
Investigative reporter Porter’s meticulously documented account tells the tale of how the government lied again and again to make a fabricated from full cloth case, which he describes as a "false narrative," against Iran. While the tale was being spun, the US and Israeli governments both knew that the entire process was completely bogus and that Iran had no nuclear weapons program but they continued to engage in the deception in spite of the fact that it created a crisis where none existed and generated an international confrontation that could have easily been avoided.
Shockingly, Washington participated in the fraud in spite of there being no compelling national interest to do so and in the latter stages of the grand deception it colluded with Israel to disseminate false documents and blatantly misleading assessments made by Mossad, while also feeding inaccurate information and other fabricated intelligence to both US allies and the media.
10---Revealed: how the FBI coordinated the crackdown on Occupy, guardian
New documents prove what was once dismissed as paranoid fantasy: totally integrated corporate-state repression of dissent, guardian