Japanese Housewives Break The Bank

[Charles]

[Captain Japan]

Until I see a quotation from Mrs. Watanabe I refuse to believe any of this.

[Captain Japan]

Maybe a photo of the currency babe will get this going a bit. I still can't believe this is a trend in Japan. I also can't believe she is 41.

[halfnip]

Not totally related, but my wife tends to get all crazy with this stuff as well. One time she rang me up in the office screaming and then asking me, "Should I sell, should I sell? Hurry up, I have Citi on the line!" She was, of course, talking about the Y/$ as we had luckily bought at 113 and it had creeped up to 123. She didn't, of course, show the same enthusiasm when she secretly bought up a whole bunch of Livedoor shares... We all know what happened with that.

[Charles]

I also can't believe she is 41.

Neither do I. She's more like 45. Always check the cheek line for jowls.

[Catoneinutica]

Neither do I. She's more like 45. Always check the cheek line for jowls.

MEOW!

Anyway, it's fascinating to see how precisely the yen carry trade has paralleled the British/American/Australian housing boom. There's no more contrarian an indicator than when legions of day-traders and real-estate agents start jumping into the market.

Our 41/45-year-old get-rich-quick authoress should hitch up with Robert Kiyosaki.

[Takechanpoo]

Dude who still do stock trading is just fool.
In Japan stock market, the peak of stock trading is 2004 and 2005.
It had already been over a long long long time ago.
Stupid housewives are nothing but easy mark.

[Catoneinutica]

Dude who still do stock trading is just fool.
In Japan stock market, the peak of stock trading is 2004 and 2005.
It had already been over a long long long time ago.
Stupid housewives are nothing but easy mark.

Again, exactly like the housing bubble in the US. When TIME magazine put out its "Home Sweet Home" issue in 2005, the clever investors sold like mofos.

-catone
-hope the yen appreciates like a mofo
-and by "mo," I do mean the currency babe
-and by "fo," I do mean, mais oui, I would hit it indeed, even if she does lie about her age

[Charles]

Anyway, it's fascinating to see how precisely the yen carry trade has paralleled the British/American/Australian housing boom. There's no more contrarian an indicator than when legions of day-traders and real-estate agents start jumping into the market.

Yeah, there's an old saying, "I'm not buying until the insiders stop selling."

Oh and BTW, I was in error, I obviously meant "check the JAW line." That little jowly transition from cheek to chin is about the only age indicator you get with some faces.

[IkemenTommy]

When regular housewives start doing day-trading, that's when the big boys start packing their bags and move on doing something else more worthwhile.

[Charles]

When regular housewives start doing day-trading, that's when the big boys start packing their bags and move on doing something else more worthwhile.

Nah, that's when the big boys start making the real money, screwing all the suckers.

[Greji]

Nah, that's when the big boys start making the real money, screwing all the suckers.

Hey Chas, now we're talking business. Bring on the suckers!

[Charles]

Hey Chas, now we're talking business. Bring on the suckers!

There's an old saying, "A fool and his money are good company."

[Buraku]

'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'

https://finance.yahoo.com/news/rich-dad ... 30252.html

[Taka-Okami]

No-one ever explains that the rich are rich because people are mostly poor. They know this so make sure the poor stay poor. If everyone equally had $1billion, they would all be equally poor.

[matsuki]

'Rich Dad Poor Dad' Author Says Economy Is Biggest Bubble In World History: 'God Have Mercy On Us All'

https://finance.yahoo.com/news/rich-dad ... 30252.html

Hard to take this guy serious when he's also promoting bitcoin at the same time he's making these statements.