JeffLee's past comments

  • 1

    JeffLee

    "Do you know what a ponzi scheme is?"

    Well, since you prefer simplistic analogies, try this one out: imagine a Ponzi scheme where the fund manager has the ability to issue his own commonly accepted currency, basically at will, and can also purchase back his debt in exchange for the currency...that he creates. And that debt, by the way, is held nearly all by him (!) and people and institutions he has the sole authority to regulate.

    How exactly would a Ponzi like that ever hit the wall? If you answer because the currency eventually becomes worthless, then you'll have to explain why the yen remains one of the world's hardest currencies....and a "safe haven" currency among global traders to boot.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • 0

    JeffLee

    "....and you are a guy who reads stock market reports most days."

    That's because my job requires it. I get paid to write about business and economics in Japan. What's your profession?

    ".... to someone as obviously supremely intelligent and failsafe at predicting the future as you?"

    Do you want me to apologize for being correct? I never said I was intelligent, but I did major in econ and one thing I took away from it is that public finance in soverign economies like Japan or the US is distinctly different from household finance. When people assume otherwise, that private debt is like fiscal debt, well, then they tend to make wrong predictions. Not that it hurts their credibility among the economically illiterate.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • 0

    JeffLee

    "but he's surely not as knowledgeable as some of the spreadsheet wizard accountants here at Japan Today!"

    That day that interest rates in Japan skyrocket, or any of his hackneyed "predictions" come true, is the day you can call him "knowledgeable."

    "But then what would the Germans know about it..."

    The Germans are idiots when it comes to monetary policy. They gave up having their own central bank! handing control to Brussels. The mark was an awesome currency, which was the backbone of their postwar success. The euro experiment has left them totally screwed and bogged down deeper than Japan, perhaps forever.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • 2

    JeffLee

    "I don't want to hear the sad story of how "poverty" leads to peole acting this way,"

    Indeed, he was from a wealthy background, and attended private schools. The problem is the supremacist and intolerant creed that he shared with millions of other West-hating bigots around the world.

    Posted in: Canadian soldier, gunman dead in parliament attack

  • -1

    JeffLee

    "Yet."

    It's always "yet," isn't it. Well, keep moving your goal posts back further and further and further. Whatever you do, don't give up your flawed and outdated ideology, which has yet to get any of its predictions right.

    "The situation is a lot like the sinking of the Titanic."

    LOL. Not it isn't. We're talking about modern public finance, whose dynamics are utterly disconnected to the sinking of a passenger ship early in the 20th century.

    Again, admire people who are right, not people who conveniently satisfy your preconceived notions.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • 1

    JeffLee

    "If people have a first language that isn't English it's not an issue."

    Today around half the school kids in the central capital are that way. You said this immigration trend is not a "new phenomena." My posts refute your argument, pointing out the numbers have never been anywhere near this high. Well, now that's cleared up, you can admit you were wrong.

    Posted in: Why Britain is losing its fight against radicalisation

  • -7

    JeffLee

    Yawn. The same old warnings about high inflation, "unmanagable" debt, bond sell-offs, rocketing interest rates, etc. Only one problem, folks: none of these scenarios have ever materialized.

    Maybe you posters should start congratulating him once something he says actually comes true. Or.... you could congratulate me instead, since all of my predictions on this board concerning monetary-fiscal policy and the direction of Japan's economy have been true. Check the archive if you don't believe me.

    Posted in: Quiet critic of Kuroda's 'monetary shamanism' turns up the volume

  • 5

    JeffLee

    No, buddy, it's religion. The promise of 49 virgins in heaven IS a codified part of the religion. So is the sexual double standard of allowing Muslim men to cavort with infidel women while keeping unmarried Muslim women chaste, which is common throughout the Islamic world, like Manchester.

    Posted in: Joining Islamic State is about sex and aggression, not religion

  • 2

    JeffLee

    As the US (and Canada!) takes in more and more Muslim refugees and immigrants, these cases will become commonplace in the future. These impressionable kids are raised by a creed that is essentially anti-Western, so what do you expect?

    Perhaps revised regulations on passport issuance and deportation are in order?

    Posted in: FBI: Denver teenage girls may have tried to join jihadis

  • 0

    JeffLee

    "Open markets" don't work for developed countries, anyway. They work in theory, but not in practice.

    Posted in: U.S. urges Japan to be bolder in opening markets

  • 0

    JeffLee

    @fxgai

    "Yeah, no need to pay all the debt back..."

    I know you're being ironic and sarcastic, but your statement taken at face value is correct. Japan doesn't need to pay back its fiscal debt....because Japan is the one who holds it. Doh! It's a matter of moving numbers from one column of the spreadsheet to another column. Sorry, that ain't "crisis" material.

    As for the Argentina comparisons....hello, planet Earth. Where are the foreign hedge fund traders demanding Japan honor its obligations. (HInt: there are none. Go find yourself another world view.)

    Posted in: Shaky Japanese economy hit by growing trade deficit

  • 2

    JeffLee

    "Why did JeffLee bring colour into it at all?"

    Because I read about in the left-leaning Guardian. Ok, here's another metric that hopefully you'd find more politically correct: half of all school kids in inner London have a first language that is not English. For greater London, it's nearly 40%.

    Such numbers are unprecedented. Your claim suggestion that the current situation is somehow consistent with British immigration and demographic patterns throughout history is clearly wrong....way wrong.

    Posted in: Why Britain is losing its fight against radicalisation

  • -1

    JeffLee

    "Britain has always been an island of immigration."

    Maybe in 1066, But since then, not nearly to the extent today. 80 percent of school kids in Inner London are non-white British, and about 65% for the capital city overall. This is unprecedented, By historical standards, the numbers are off the charts.

    Posted in: Why Britain is losing its fight against radicalisation

  • -1

    JeffLee

    More proof that corporate welfare is at an all-time high. The private sector can't do anything anymore without demanding the govt grant it favors and privileges.

    Posted in: Japanese firms want government action if yen weakens

  • 0

    JeffLee

    "He's right on that point at least...."

    No, he's wrong. I read stock market reports almost every day, and I've never seen any statement to the effect, "Stocks are down today because investors are worried about the size of japan's fiscal debt." etc.

    The economically illiterate, like Aso and the sequester dummies in the US, have been making this argument for years and years...and have consistently been proven wrong by actual events in the actual world.

    Posted in: Aso says extra budget one option for sales tax hike next year

  • -8

    JeffLee

    "Basically it's a fairly leveled playing field"

    Massive government support and "level playing" are two starkly conflicting concepts.

    "For the Japan domestic market there is a need."

    What the about the Shinkansen and eventually the Maglev?

    "...mainly minor destinations or the smaller islands of Tokyo"

    The average age of the populations there is about 80. And they're mainly elderly farming and fishing folk, not jetsetters. LOL.

    Posted in: Japan unveils first domestically made passenger jet in four decades

  • -1

    JeffLee

    A stark lesson of what bad immigration policy can do to a country.

    The tragedy is that the policy was based on the false premise of a demographics crisis, which have never occurred anywhere in the industrialized world, including here in Japan, where living standards are actually rising.

    Britain never needed the massive postwar immigration in the first place.

    Posted in: Why Britain is losing its fight against radicalisation

  • -1

    JeffLee

    "The only thing these three 1950's and 1960's vintage aircraft are good for in the hands of ISIS is to be used as flying bombs"

    The mig-23 entered service in the early 70s and were retired by the Russian air force in 1998. Tests have shown them to have several superior flying characteristics over US f-16 and f/a-18, which the US flies today, including acceleration.

    Mig-23s shot down 2 Israeli pilots flying US aircraft in 1981.

    Posted in: Iraqi pilots training militants to fly captured MiG jets

  • 1

    JeffLee

    "What an embarrassment."

    What are you talking about?!?. The US has the world's most sophisticated and efficient cargo rail network in the world (along with Canada.). Rail logistics in the US is miles ahead of Japan's.

    Posted in: Gov't approves JR Tokai plan to build maglev line

  • -15

    JeffLee

    The heavy national pride angle, as opposed to market considerations, is very worrying, especially since I helped fund this as a taxpayer in Japan.

    It's going to be a very, very crowded market after the Chinese and Russians pile in, and Honda, and it's still a pretty small market. I fly a lot in various parts of the world on various types of routes, and I very rarely fly in this class of aircraft.

    Posted in: Japan unveils first domestically made passenger jet in four decades

View all