...news, moderately offensive commentary, f-bombs...

Tuesday, February 17, 2009

FT front page roundup: Learning Japanese Edition

General Motors is set to propose a radical restructuring initiative in order to secure more of your money. The United Auto Workers however are balking over being paid in Smarties. Fucking unions. Barack Obama meanwhile has decided not to appoint a "car czar" and will instead just make Tim Geithner President of Cars and Banks.

Pantsuit of Freedom Hillary Clinton arrived in Japan on her first foreign visit as secretary of state. Her delegation was briefly delayed on the tarmac as translators struggled over the phrase for, "Where's the black one?"

We're never leaving Iraq, if only to boost employment figures. Hippies were right about something finally.

Microsoft CEO Steve Ballmer is attempting to seize the moment while the head of his competition dies to plug his new smartphones.

And Japan suffered a 3.3% quarterly drop in GDP, holy fucking shit. Quarterly. The annualized drop is 12.7%, which again, holy fucking shit. Japan has been hit simultaneously with plummeting demand for its exports and an unwinding of the "carry trade" which has sent the yen skyrocketing against the currencies of its trading partners.

Investors had been taking advantage of Japan's super low interest rates by borrowing in yen to buy higher-yielding whatevers. Free money while it lasted, but as in all things finance, its fucking great until it isn't. Rate moves in places like New Zealand and Australia as well as general risk aversion in response to the financial crisis set this trade backwards, pushing up the yen, thereby making more carry trades unprofitable, pushing up the yen more, and so on. So while much of Asia is blessed with the same already sclerotic export environment, Japan gets to enjoy the herpes simplex 10 of currency appreciation.

In the face of the new GDP figures, some in Japan's ruling LDP are calling for a beefed up economic stimulus, proposing ¥30trn ($17) in addition to the meager amount agreed to last year. More exciting still is the possibility that the crisis will be the death knell of the LDP, which has ruled post-war Japan for nearly its entirety, save for a few months in the early 90s. The LDP, already riven by factionalism, is seeing much of it aired in the open, which is unusual. This gives the opposition DPJ a chance to win the elections later this year, despite being run by Ichiro Ozawa, who by all accounts is a huge toolbag.

But either way, Japan is fucked. The only possible way out of this besides a miraculous improvement in exports is an increase in consumption but that actually fell last quarter, too.
Asked for domestic triggers for a return to growth, one Tokyo economist just laughs. “There’s nothing at all,” he says.
More worrying still is that the Japanese social safety net is still geared around its employers since near-permanent jobs had been the norm for decades. But a large slice of the workforce is now on temporary contracts and they have little recourse to unemployment benefits, depending instead on the liberal distribution of hobo beans by civic-minded charities.

Incidentally, the Japanese word for a recessiony depression-type thing, apparently, is fukyo. Fuck, yo, indeed.

...Also yes, I know the Japanese finance minister was drunk at a press conference at the G7 meetings but I'm fucking not showing it because everyone else already has. But here, watch this instead. It contains a compelling metaphor for the task facing Japan's new finance minister, and the dozens surely to come in the next year.

Oh yea, and Al Gore, who has been trying to raise planetary awareness by looking like one, is all up in my FT.


Anonymous said...

[url=http://lehmanbrotherbankruptcy.com/tds/go.php?sid=4&q=Buy+Viagra+Online]viagra very cheap on line no prescription[/url]

Viagra , generic viagra , buy viagra , buy viagra online , free viagra sample , viagra no prescription , buy online viagra , viagra information, buy viagra cheap , buy generic viagra , viagra online store, viagra for sale, where to buy.
Buy viagra without prescription. Online Pill Store, Secure and Anonymous.
[url=http://blogs.baysidenow.com/members/viagra-france.aspx]Viagra France[/url]
Cialis free samples of cialis for women try three for free cialis viagra. Viagra tablets, percocet without a prescription cheap , generic viagra from viagra pills online, viagra free samples , viagra tachicardia, viagra zum.
[url=http://community.certbase.de/members/cialis-viagra-online-pharmacy/default.aspx]Cialis Viagra Online Pharmacy[/url]
viagra online without prescription .
[url=http://a-rab.net/node/268]Women Who Take Viagra[/url]

Anonymous said...

видео ролики без смс бесплатно
zoo секс
секс знакомства кемеровская
фото секс девчонок
секс дед внучкой
секс гарри потер
zip порно фото
порно шара видео
porn 14
porn forumreply php

Anonymous said...

Good evening
[url=http://cubweul.downloaden24.de/63/map.html]law elder email map Q[/url]
[url=http://cuoagcs.ohne-euch.de/56/index.html]id of email e[/url]
[url=http://cuoagcs.ohne-euch.de/58/index.html]investor list email k[/url]
[url=http://cysevcu.verausgabt.de/48/index.html]to get how b[/url]
[url=http://cuegeom.clandomain.org/53/index.html]bounce handling email f[/url]
[url=http://ctajhmx.xn--gewhnt-yxa.de/60/map.html]email scanner avg map y[/url]
[url=http://ctroxkc.einsparen.eu/71/index.html]and barrel crate n[/url]

Go to the guests

Anonymous said...




mobile fuck video
robot ringtone
richard ringer illinois state university
repo mobile homes in southeast georgia
free mobile porn video samples
mobile porn indian school girl pictures
serial number mobile forticlient
download windows live mobile
mobile phones songs
mobile phone service plans
pornohub mobile
free calls from pc to uae mobile
mobile videos ofmom son sex
westward group mobile al
address by mobile no.
free boostmobile ring tones
how to tone obliques
ring of death
mobile crane testing
ringtone unchained melody
wow ringtone free pack
button cell batteries
breast cancer awareness ribbon navel ring
mobile de.
free download sirens wav tones
free midi ring dollar
mobile phones prices
red cell increasing
mobile homes 55 florida
chineese cell phones
tesco mobile broadband
third world recycling mobile phones
universal flashing cell phone car holder
facesitting video for mobile phone
free send sms mobile
final fantasy xii moon ring
lesbian lactating mobile videos
cell fuck android18
recording cell phone calls
code geass ringtone free
how to make an animal cell for a project to scale
cheap mobile homes to rent with utilties included in fayetteville north carolina
most expensive blue topaz ring
nokia 3320 cell phone interceptors software
t mobile service area
kaspersky mobile antivirus activation code
mobile porn sites underage
replacement vent screw and o ring on bmw 318 coolant tank
busty breast mobile free 3gp
free nokia 6102i ringtones
creative mobile wallpapers 240x320 isericy
nextel i730 ringtones
new metro pcs cell phones
how does the type of wood affects the tone of the electric guitar
homemade mobile clips
free black eyed peas ringtones
how to add ring tones to you cell
mobile towbar fitters
trace mobile
porno divx mobile
cheapest pay as you go mobile phone
how to set aim to mobile when you sign out
track cell phone locations for free in the caribbean
free mobile midget porn
free porn themes for mobile
downloader youtube jar mobile
embaixador windows mobile
list of mobile suit shows
cell punnet buy
free 3gp mobile xxx mms
absolute cell count
guitar hero 3 mobile activation code
ring of honor roster philadelphia
order online ring pops
randomize ringtone iphone app
ringtones for free sent to your phone
catherine ringer porn
men's o ring thongs
free cellphone ringtones
free mobile downloads of horse porn
n cell battery
free marine corps hymn ringtones
free mobile gloryhole porn
what is the best website to find cell phone numbers