China doesn't like its citizens going into debt and then not paying. I wonder when that will change?

But what if there are more contracts than whiskey? Just kidding, wish you luck.

10s are used by so many people for so many different reasons, and with them now used as collateral in clearing houses and virtually all swaps, the demand is massive. That is a bad news picture for trying to get banks to lend.

While no one wants Germany to visit hardship, there is a certain arrogance that comes with dominating other nations, with a less than equal relationship between Germany and the Latin nations and Greece. Go out and buy an Infiniti or a Nissan or a Cadillac in protest of German automakers essentially spitting in the face of America. There isn't a nice way to put the VW cheating.

But Carol, how can inflation be on the table, when in fact, banks are given money, interest on excess reserves not to lend. If banks loaned money there may be inflation. If they don't lend money, how can there be inflation? They are controlling this game and hoping that there is a tiny liftoff. But I don't see it happening if we are becoming like Japan.

I agree. Unless we want to face the dreaded negative interest rates, this is worth a try. But it is being tried in Japan and there need to be other fixes as well, like forcing the banks to lend more and eliminating the long bond from use as collateral in the derivatives markets.

Well, this article is interesting, but the fears of China and Russia not getting along have diminished because of the opiate of regime change taken by US neocons and their globalists friends. They are so addicted to regime change that they have pushed Russia and China into an indestructible bond. And can anyone blame them?

While there may have been few who understood the stock market crash, many, including myself, knew that the housing market would crash. Some argued with us that real estate is local, and yet, when it came to the housing bust of the last decade, it took in many states, and was somewhat national in scope. Large inventory builds certainly are one way of telling the weakness of a market.

So, someone wake me up when Japan implodes. People have been calling for this implosion for years and it doesn't happen. I am skeptical.

The century of humiliation is a good lesson for China. I have an idea that China's greatness does not extend to a huge empire like the Western banking has established. China must be concerned about the ability of the west to crush Japan in the 90's. Now the US is almost Japan in the zombification of our banks. The whole world has low long bond rates. Looks like a conspiracy to me. Does China know this? I know Russia does.