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I enjoyed this article from Hyman articulating why Interest rates will rise.
It says no one should buy Japanese Bonds and put population decline as an important reason why Japanese Interest rates will go up. They will be competing with other nations for Sovereign Capital.
Because of japanese pensioners selling bonds and no one to roll over the debt, Interest rates have to rise. So either Interest rates have to increased or money printed. When this happens, ultimately rates will rise or Yen will fall.
If Japanese raise rates, I don't think USA or others can stay silent, they will also have to raise rates. especially I think UK is vulnerable. Here the author is not saying the cause is a supply shock induced Inflation, but a demography induced interest rate shock and and subsequent inflation all over the world.
Hyman Advisors
I am not able to upload the pdf file since it is 11 MB exceeding the max aloowed of 9 MB. Below is the link from zerohedge.
http://www.zerohedge.com/sites/default/files/hayman.pdf
It says no one should buy Japanese Bonds and put population decline as an important reason why Japanese Interest rates will go up. They will be competing with other nations for Sovereign Capital.
Because of japanese pensioners selling bonds and no one to roll over the debt, Interest rates have to rise. So either Interest rates have to increased or money printed. When this happens, ultimately rates will rise or Yen will fall.
If Japanese raise rates, I don't think USA or others can stay silent, they will also have to raise rates. especially I think UK is vulnerable. Here the author is not saying the cause is a supply shock induced Inflation, but a demography induced interest rate shock and and subsequent inflation all over the world.
Hyman Advisors
I am not able to upload the pdf file since it is 11 MB exceeding the max aloowed of 9 MB. Below is the link from zerohedge.
http://www.zerohedge.com/sites/default/files/hayman.pdf
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