Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
The Tail Chaser - The Land of the Setting Sun [June2011]

The Tail Chaser - The Land of the Setting Sun [June2011]

Ratings: (0)|Views: 938|Likes:
Published by TheTailChaser1

More info:

Published by: TheTailChaser1 on Jun 13, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

06/14/2011

pdf

text

original

 
The Land of the Setting Sun
 June 2011
TheIntriguedTraderhttp://thetailchaser.blogspot.com
 
laydnelu [printed: November 4, 2008 3:16 PM] [saved: April 13, 2009 7:27 PM] M:\Geral\Private Equity\@Portfolio\Institucional\UBS Pactual_PCP Private Equity_13abr09.ppt
2
The Land of the
Setting
Suntheintriguedtrader@gmail.comhttp://thetailchaser.blogspot.com
Executive Summary
Macroeconomic factors, structural fiscal issues and worsening demographics seem to be fundamentallyunsustainable
1980
s
equity and property bubbles: the can was kicked down the road and targeted the
government’s
balance sheet
Rapid economic development in East Asia, debt bubbles in the US and Western Europe along side afinite supply of domestic forbearance has allowed Japan to avoid economic collapse and subsist near zeroeconomic growth for the last 16 years
A high level of sovereign debt at low rates were sustained successfully because Japan fundedapproximately 95% of debt issuance domestically through a comparatively high savings rates whilekeeping short-term rates close to 0%
Government policy indicates that the near term debt issuance
won’t
subside
Antecipated demographic issues are starting to impact growth and impact the fiscal outlook and willsoon compel Japan to fund part of its debt internationally
The severity and notion that
“it can’t
happen
creates opportunity for a very asymmetrical trade,especially considering the on-going sovereign debt issues around the world that could possibly serve asna important catalyst both in terms of confidence and lower growth ahead
 
laydnelu [printed: November 4, 2008 3:16 PM] [saved: April 13, 2009 7:27 PM] M:\Geral\Private Equity\@Portfolio\Institucional\UBS Pactual_PCP Private Equity_13abr09.ppt
3
The Land of the
Setting
Suntheintriguedtrader@gmail.comhttp://thetailchaser.blogspot.com
The Land of the
Setting
Sun

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->