JeffLee's past comments

  • 1

    JeffLee

    "Brexit means Brexit. and it is fear of the Donald that is relevant here."

    Global financial markets are higher now than the day after Brexit. Gold got cheaper and the Mexican peso higher the day after the US presidential debate.

    Sorry, the WTO's finger pointing is delusional. This elitist organization that represents the world's wealthiest global capitalists needs to have scapegoats. Better that than admit that many of its assumptions of how prosperity is created have long been false.

    Posted in: WTO drastically cuts global trade forecast

  • 0

    JeffLee

    Um, Brexit hasnt happened, folks. Please read and learn a few basic facts before posting your ridiculous opinions.

    Oh, and Trump is not the president, In fact he has no executive or legislative power. Barack Obama is the president of the United States. Look it up on Wiki if you dont believe me.

    Posted in: WTO drastically cuts global trade forecast

  • 1

    JeffLee

    "the dictator of Singapore..."

    Singapore could foreshadow the fate of the West. Once our elites crush the trend toward popularism, which is really upsetting the super rich and powerful, in case you havent noticed, our democracies will terminated in favor of becoming a kind of Singapore style "management" administration

    Posted in: Back to work

  • 2

    JeffLee

    "anti-globalisation rhetoric and Brexit"

    Brexit hasn't actually happened. The same trade arrangements remain in force, and in fact UK' economy continues perform strongly and economists have been forced to admit the Brexit impact is much smaller than earlier predicted.

    So blaming Brexit for lower global trade for the duration of 2016 and even beyond is pure and utter (insert swear word here).

    "anti-globalisation rhetoric"

    The writer made a mistake. The correct phrase is "ant-globalisation rationale."

    Posted in: WTO drastically cuts global trade forecast

  • 0

    JeffLee

    @Madverts

    "...the usual suspects that initially ranted about immigrants and ISIS. Where are they now?"

    We're here. But the police and others haven't disclosed the motive, so we don't jump to false conclusions, like your ilk. Mind you, I did spot this item:

    "One post on Cetin’s Tumblr page urged readers to repeat the phrase “Subhan Allah” (“Glory to God”) 10 times “

    http://www.latimes.com/nation/la-na-washington-shooting-20160925-snap-story.html

    Posted in: Washington mall shooter confesses; charged with 5 counts of murder

  • 0

    JeffLee

    M3M3M3

    Why would Britain impose a 10% tariff? The move was to protect the German and French carmakers. Britain has always been more free-market oriented than its Euro chums on the continent.

    Posted in: Japan-EU trade talks may proceed on possible EU concession on autos

  • 2

    JeffLee

    The motive, if we're told, should be interesting.

    Posted in: Suspect in deadly Washington state mall shooting in custody

  • -1

    JeffLee

    @Sangetsu03

    "It has caused inflation, you need only look at the stock market."

    Ah, nice, your argument contradicts all the expert consensus about the deflationary state of affairs in developed countries. Unbelievable. Anyway, my friend, that's asset inflation you're talking about. My comment was very obviously was about consumer prices. Again, unbelievable.

    I'm old enough to remember the 1970s, 80s, when banks had to give savers double-digit interest rates just so the savers could keep up with the inflation. You have no idea if you think today's price trends are anything like they used to be like.

    "the BOJ will be the largest shareholder of Japanese stocks in 2 years or so, right?"

    That's quite a claim. The BOJ now owns 1.6% of the nation's total capitalization. What's more, throughout the world, state pension funds, soverign funds, etc, have long been among the biggest institutional investors, in all sorts of countries. How come that hasn't caused a crash? Nice consirpacy theory there. Too bad the basic facts get in the way.

    Posted in: Japan move shows limit of central bank powers

  • -2

    JeffLee

    @sangetsu03

    "...the central bank flooding the market with easy money."

    The money doesn't "flood the market." The money is used to buy assets from commercial banks, and then is deposited in those banks as their reserves, until the banks decide how to use it. The banks' bottom line is unchanged. That's why the "flood" of "easy money" doesnt create inflation, as everyone - except me and a few others - predicted.

    As for Japanese record corporate profits, you're living in a fantasy.

    http://www.tradingeconomics.com/japan/corporate-profits

    Posted in: Japan move shows limit of central bank powers

  • 0

    JeffLee

    "sometimes long immigration queues"

    Have you seen the gaijin lines at Narita? They run to the back to the room. Also, for re-entry people, a couple of times recently for me very long lines. only 1 or 2 guys manning the booths, while dozens serve the nihonjin who get thru in a few minutes.

    Posted in: Bangkok edges out London as world's top travel destination: Mastercard

  • 2

    JeffLee

    @Gary-Raynor

    "Wait until the end of Friday's trading before you make such a prediction. I predict the Nikkei will be lucky to stay above 16000."

    You're wrong again. Nikkei ended on Friday around 16,650. Slipped a bit but still up 250 points from the BOJ annoucement.

    "You must be an investor's nightmare."

    Hilarious. So what does that make you?

    Well, I was right, but it's not about being right, is it? It's about telling a narrative that gives a warm and fuzzy feeling to folks who don't know any better. In the vein of Donald Trump.

    Posted in: BOJ adds long-term interest rate target to massive asset-buying program

  • 0

    JeffLee

    Piles of retained corporate earnings, with workers barely seeing any salary raises. Yeah, that's a formula for success. Japanese corporations saw record profits last year, thanks to govt reforms on governance and other measures promoting shareholder capitalism.

    Time for the govt to get the crowbar out and force the corporates to pay wages in line with their earnings.

    Posted in: Japan move shows limit of central bank powers

  • 6

    JeffLee

    I can relate. I've had Japanese clients, not in TV, who have expected me to do work duties for free on a regular basis, like hang around their offices during the business week to answer any questions they might have on projects unrelated to me and for no compensation.

    Most did not stay clients for long. I assume their Japanese contractors don't stand up for themselves, or something.

    Posted in: Canadian YouTuber explains why she quit working on Japanese TV

  • 13

    JeffLee

    Countries with small populations and low birthrates dominate the top rankings in surveys for socio-economic development. So, yeah, why not? Being bigger isn't being better, quite the opposite.

    http://www.economist.com/news/21566430-where-be-born-2013-lottery-life

    Posted in: Abe: Japan's shrinking population not burden but incentive

  • -1

    JeffLee

    The "burakumin" , a social outcast group, was traditionally in charge of garbage management. So nowadays, municipal workers are loathe to touch garbage due to the stigma. Thus, no trash cans or systematic collection in public areas.

    "No public trash cans? No problem!"

    It's certainly a problem in my nearby riverside park area, especially during BBQ season. Heaps of garbage. I stopped going to Japanese beaches for this same reason. One September, Zushi - one of Japan's most popular recreational beaches - was strewn entirely with waste, and no bathers despite the above 30 degree temperature. Unbelievable.

    Posted in: 8 reasons Japan is so clean

  • -1

    JeffLee

    ".....would send the message that countries like the U.S. were “somehow opposed to Islam.”

    That's disingenuous. That "message" has been prevalent and deeply rooted in the Islamic world for decades, long before Trump or the neo-cons.

    The message bearers are the region's own imams, calling the US "the Great Satan," even while empathetic people like Jimmy Carter were in the White House, and Western Europe was giving large numbers of Muslim refugees free housing, welfare, education, eh.

    Posted in: Obama calls refugee plight 'crisis of epic proportions'

  • -4

    JeffLee

    "BOJ.. the biggest holder of Japanese government debt.. "

    Which means Japan controls its own debt; issuing it and then holding it. So you think that, say, Argentina, a big chunk of whose dollar-denominated debt is owned by angry American hedge fund managers, is a better proposition? Or Greece, with its endless German bailouts? Get real.

    "You seriously don't think that Japan's assets are way inflated above any real sense of their worth?"

    If you want to see such assets "inflated above any real sense of their worth," go to Vancouver, London, Hong Kong and a host of other "free market" cities, where middle-income earners doing essential jobs simply cannot afford to live in. Tokyo rates extremely highly when it comes to affordability, where asset prices reflect local incomes, and not the incomes of Chinese or Russian emigre oligarchs.

    Posted in: Japan logs surprise trade deficit in August

  • -2

    JeffLee

    This announcement seems more esoteric than most, but it seems they're trying to do something to deal with the prospect of falling long term bond yields hurting pensions, insurers and others.

    Well, the markets seemed to like it a bit, with the Nikkei finishing over 300 points higher.

    Posted in: BOJ adds long-term interest rate target to massive asset-buying program

  • -2

    JeffLee

    @Gary Raynor

    "Hama is pretty much prophetic..."

    You'Re kidding, right? Well, I'm still waiting for Japan's rocketing "asset inflation", propelled upward by the BOJ's super steroid stimulus, that she used to drone on about ad naseum. LOL.

    Posted in: Japan logs surprise trade deficit in August

  • -1

    JeffLee

    "Imports cut prices for consumers..."

    Especially for consumers who have been laid off in industries that once produced the goods now being imported from China. Guess what -- The "Wallmart effect", aka, "the race to the bottom" -- is actually really bad for an economy.

    "...and exposure to foreign competition makes American firms and the overall U.S. economy more efficient. "

    Absolutely. Look what happened to Detroit after the flood of Japanese imports arrived. The Big Three got so "efficient" (LOL) as they saw their share in their own market spiral downward. Sorry, this was poison for the US economy that it's probably never going to recover from.

    Posted in: Trade: Why it matters

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