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Why Japan Is Doomed
Japan's debt crisis has been building for a decade. Back in 2001 I wrote an essay on Japan's exploding debt and the dire consequences of what I called Japan's Runaway Debt Train (2001) :
Charles Hugh Smith
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2
The Airbnb Bubble Popping Will Pop the Housing Bubble
This is how bubbles collapse: the "vital few" 4% sell at whatever the market will bear, pushing prices down, and the 64% awaken to the rapidly narrowing window for locking in bubble capital gains. Here's how we can tell if a speculative bubble is a bubble : everyone says it isn't a bubble --the market has reached a…